Bryn Mawr Trust Advisors LLC Sells 5,083 Shares of ExxonMobil Corporation $XOM

Bryn Mawr Trust Advisors LLC lowered its holdings in ExxonMobil Corporation (NYSE:XOM) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,120 shares of the oil and gas company’s stock after selling 5,083 shares during the period. ExxonMobil comprises 1.0% of Bryn Mawr Trust Advisors LLC’s holdings, making the stock its 23rd largest position. Bryn Mawr Trust Advisors LLC’s holdings in ExxonMobil were worth $19,871,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. V2 Financial group LLC purchased a new stake in ExxonMobil during the first quarter worth about $211,000. Capital Management Associates NY lifted its stake in ExxonMobil by 210.4% in the first quarter. Capital Management Associates NY now owns 8,852 shares of the oil and gas company’s stock valued at $1,502,000 after purchasing an additional 6,000 shares during the last quarter. NWF Advisory Services Inc. grew its stake in shares of ExxonMobil by 11.3% during the 1st quarter. NWF Advisory Services Inc. now owns 13,005 shares of the oil and gas company’s stock worth $2,206,000 after acquiring an additional 1,325 shares during the period. Nadler Financial Group Inc. raised its stake in ExxonMobil by 42.7% in the 1st quarter. Nadler Financial Group Inc. now owns 12,028 shares of the oil and gas company’s stock valued at $2,041,000 after acquiring an additional 3,601 shares during the period. Finally, TFR Capital LLC. raised its stake in ExxonMobil by 4.4% in the 1st quarter. TFR Capital LLC. now owns 14,196 shares of the oil and gas company’s stock valued at $2,408,000 after acquiring an additional 600 shares during the period. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. DZ Bank upgraded shares of ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. TD Cowen dropped their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Tuesday, June 16th. Finally, Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, ExxonMobil has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Trading Up 1.1%

Shares of XOM stock opened at $147.56 on Friday. The company has a market capitalization of $611.62 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.60 and a beta of 0.17. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. The business’s fifty day moving average is $145.78 and its 200 day moving average is $146.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period in the prior year, the company earned $1.76 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.43 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

ExxonMobil 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.