Hoertkorn Richard Charles Sells 13,440 Shares of ExxonMobil Corporation $XOM

Hoertkorn Richard Charles lessened its position in shares of ExxonMobil Corporation (NYSE:XOM) by 49.8% during the first quarter, HoldingsChannel.com reports. The fund owned 13,553 shares of the oil and gas company’s stock after selling 13,440 shares during the period. ExxonMobil makes up approximately 1.9% of Hoertkorn Richard Charles’ holdings, making the stock its 19th largest holding. Hoertkorn Richard Charles’ holdings in ExxonMobil were worth $2,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of XOM. Berbice Capital Management LLC bought a new stake in ExxonMobil during the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Key Capital Management INC bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of ExxonMobil in the 4th quarter worth about $32,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

XOM opened at $138.84 on Monday. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The business’s 50-day moving average is $146.22 and its two-hundred day moving average is $145.57. 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 market capitalization of $575.47 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17.

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, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company 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 firm earned $1.76 earnings per share. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that ExxonMobil Corporation will post 11.69 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend 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%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Wells Fargo & Company increased 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. Scotiabank raised their price objective 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. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. HSBC lifted their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Finally, Piper Sandler lowered their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil News Roundup

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 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.