First Interstate Bank Trims Stock Position in ExxonMobil Corporation $XOM

First Interstate Bank lessened its position in ExxonMobil Corporation (NYSE:XOM) by 28.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,344 shares of the oil and gas company’s stock after selling 4,807 shares during the period. First Interstate Bank’s holdings in ExxonMobil were worth $2,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seelaus Asset Management LLC grew its holdings in ExxonMobil by 5.8% in the first quarter. Seelaus Asset Management LLC now owns 13,475 shares of the oil and gas company’s stock valued at $2,286,000 after purchasing an additional 740 shares during the last quarter. Sageworth Trust Co of South Dakota increased its position in ExxonMobil by 15.8% during the first quarter. Sageworth Trust Co of South Dakota now owns 3,522 shares of the oil and gas company’s stock worth $598,000 after purchasing an additional 480 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in ExxonMobil by 0.4% in the first quarter. Frank Rimerman Advisors LLC now owns 52,817 shares of the oil and gas company’s stock valued at $8,961,000 after acquiring an additional 219 shares during the last quarter. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil in the 1st quarter valued at about $965,932,000. Finally, Stenger Family Office LLC grew its stake in ExxonMobil by 2.0% during the first quarter. Stenger Family Office LLC now owns 121,933 shares of the oil and gas company’s stock worth $20,687,000 after buying an additional 2,379 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

More ExxonMobil News

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. JPMorgan Chase & Co. raised their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Piper Sandler decreased their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Stock Down 0.0%

ExxonMobil stock opened at $138.84 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a fifty day moving average price of $146.22 and a two-hundred day moving average price of $145.57. The firm has a market cap of $575.47 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.17. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating 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 analysts’ expectations of $81.13 billion. During the same period in the prior year, the business earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts forecast that ExxonMobil Corporation will post 11.69 earnings per share for the current year.

ExxonMobil Dividend Announcement

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