ExxonMobil Corporation $XOM Holdings Lessened by Financial & Tax Architects LLC

Financial & Tax Architects LLC reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,654 shares of the oil and gas company’s stock after selling 9,779 shares during the period. ExxonMobil comprises 2.0% of Financial & Tax Architects LLC’s portfolio, making the stock its 10th largest position. Financial & Tax Architects LLC’s holdings in ExxonMobil were worth $9,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Daviman Financial LLC grew its holdings in ExxonMobil by 17.3% during the 1st quarter. Daviman Financial LLC now owns 4,499 shares of the oil and gas company’s stock valued at $763,000 after purchasing an additional 662 shares in the last quarter. Foundry Financial Group Inc. acquired a new position in ExxonMobil in the 1st quarter worth $228,000. Inman Jager Wealth Management LLC boosted its position in ExxonMobil by 2.5% in the 1st quarter. Inman Jager Wealth Management LLC now owns 16,166 shares of the oil and gas company’s stock valued at $2,743,000 after buying an additional 387 shares during the last quarter. Asset Planning Inc boosted its position in ExxonMobil by 4.0% in the 1st quarter. Asset Planning Inc now owns 7,354 shares of the oil and gas company’s stock valued at $1,248,000 after buying an additional 285 shares during the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in shares of ExxonMobil by 1.0% during the first quarter. Mayflower Financial Advisors LLC now owns 24,439 shares of the oil and gas company’s stock valued at $4,146,000 after acquiring an additional 249 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy reached a key milestone in their Cyprus offshore gas project, with a Declaration of Marketability helping advance the Glaucus and Pegasus fields toward development. That supports Exxon’s long-term growth pipeline. XOM, QatarEnergy Reach Milestone in Cyprus Offshore Gas Development
• Positive Sentiment: TD Cowen kept a buy rating on ExxonMobil while lowering its price target to $155 from $172, which still implies upside from current levels and suggests Wall Street remains constructive on the stock.
• Positive Sentiment: A Seeking Alpha piece upgraded ExxonMobil, arguing the valuation is attractive and that the company has overlooked market opportunities. That reinforces the view that XOM may have room to rerate. ExxonMobil: I’m Re-Entering As Valuation Is Attractive With Overlooked Market Opportunities (Rating Upgrade)
• Neutral Sentiment: Exxon completed its legal redomicile from New Jersey to Texas and also won a Supreme Court ruling that revives an old lawsuit, removing some uncertainty but not directly changing the operating outlook. Exxon (XOM) flashes key signals on New Jersey exit
• Neutral Sentiment: Analyst and media coverage noted that Exxon can still grow production even with oil below $70, and a bullish market note said the company could outperform if cash flow remains strong. These are supportive but largely restate Exxon’s resilience. Can ExxonMobil’s Upstream Business Thrive With Oil Below $70?
• Negative Sentiment: President Trump is pressuring Big Oil to lower gasoline prices ahead of the midterm elections, which could increase political scrutiny on ExxonMobil and the broader sector if margin pressure follows. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

ExxonMobil Trading Down 0.0%

Shares of NYSE XOM opened at $137.03 on Friday. The stock’s 50 day moving average price is $147.37 and its two-hundred day moving average price is $144.60. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. The stock has a market capitalization of $567.99 billion, a P/E ratio of 23.11, a PEG ratio of 0.58 and a beta of 0.17. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 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 company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the firm earned $1.76 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, analysts anticipate that ExxonMobil Corporation will post 11.9 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. Citigroup lifted their target price on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. TD Cowen reduced their price target on ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a report on Thursday. Mizuho raised their price objective on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.70.

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.