ExxonMobil Corporation $XOM Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its stake in ExxonMobil Corporation (NYSE:XOM) by 18.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,625 shares of the oil and gas company’s stock after selling 12,301 shares during the period. ExxonMobil makes up 1.0% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 25th largest holding. Greenwood Capital Associates LLC’s holdings in ExxonMobil were worth $9,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sageworth Trust Co of South Dakota boosted its stake in ExxonMobil by 15.8% in the first quarter. Sageworth Trust Co of South Dakota now owns 3,522 shares of the oil and gas company’s stock valued at $598,000 after acquiring an additional 480 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of ExxonMobil by 0.4% during the first quarter. Frank Rimerman Advisors LLC now owns 52,817 shares of the oil and gas company’s stock worth $8,961,000 after purchasing an additional 219 shares in the last quarter. Quantum Portfolio Management LLC purchased a new stake in shares of ExxonMobil in the 1st quarter valued at about $965,932,000. Stenger Family Office LLC lifted its holdings in shares of ExxonMobil by 2.0% in the 1st quarter. Stenger Family Office LLC now owns 121,933 shares of the oil and gas company’s stock valued at $20,687,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Richmond Investment Services LLC boosted its position in shares of ExxonMobil by 40.3% in the 1st quarter. Richmond Investment Services LLC now owns 3,799 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 1,091 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XOM shares. UBS Group boosted their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Piper Sandler cut their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Sanford C. Bernstein reduced their price target on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. TD Cowen decreased their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
• Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
• Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
• Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
• Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
• Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

ExxonMobil Trading Down 0.0%

NYSE:XOM opened at $138.84 on Monday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $146.22 and its 200-day simple moving average is $145.57. The firm has a market cap of $575.47 billion, a P/E ratio of 23.41, a PEG ratio of 0.56 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the company earned $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts anticipate that ExxonMobil Corporation will post 11.69 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.