ExxonMobil Corporation $XOM Stock Holdings Boosted by Castleview Partners LLC

Castleview Partners LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOM) by 48.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,507 shares of the oil and gas company’s stock after purchasing an additional 3,769 shares during the quarter. ExxonMobil accounts for 1.0% of Castleview Partners LLC’s portfolio, making the stock its 20th largest position. Castleview Partners LLC’s holdings in ExxonMobil were worth $1,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Impact Partnership Wealth LLC boosted its stake in ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after buying an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance raised its position in ExxonMobil by 1.9% in the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 68 shares in the last quarter. ICW Investment Advisors LLC raised its position in ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after acquiring an additional 69 shares in the last quarter. Swisher Financial Concepts Inc. lifted its holdings in ExxonMobil by 0.3% in the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after acquiring an additional 69 shares during the last quarter. Finally, Fortis Capital Management LLC boosted its position in shares of ExxonMobil by 2.0% during the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock valued at $434,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.9%

Shares of XOM opened at $145.79 on Friday. The business’s 50-day moving average price is $145.72 and its 200 day moving average price is $146.30. The stock has a market capitalization of $604.31 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.17. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year 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.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts expect that ExxonMobil Corporation will post 11.43 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. ExxonMobil’s payout ratio is currently 69.48%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Sanford C. Bernstein cut their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Scotiabank raised their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Piper Sandler decreased their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Morgan Stanley dropped their price target on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

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.