Aristotle Atlantic Partners LLC Acquires 6,000 Shares of ExxonMobil Corporation $XOM

Aristotle Atlantic Partners LLC increased its holdings in ExxonMobil Corporation (NYSE:XOMFree Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,482 shares of the oil and gas company’s stock after purchasing an additional 6,000 shares during the period. ExxonMobil makes up 2.0% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 13th biggest position. Aristotle Atlantic Partners LLC’s holdings in ExxonMobil were worth $43,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Impact Partnership Wealth LLC raised its holdings in shares of ExxonMobil by 0.6% in the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after buying an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance boosted its stake in ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 68 shares in the last quarter. ICW Investment Advisors LLC boosted its stake in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after buying an additional 69 shares in the last quarter. Swisher Financial Concepts Inc. grew its position in ExxonMobil by 0.3% in the first 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 period. Finally, Brown Shipley& Co Ltd raised its stake in ExxonMobil by 5.4% during the first quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

ExxonMobil stock opened at $156.88 on Monday. The company has a market cap of $650.28 billion, a PE ratio of 26.46, a PEG ratio of 0.64 and a beta of 0.17. 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 Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The company’s 50-day moving average is $145.91 and its two-hundred day moving average is $147.60.

ExxonMobil (NYSE:XOMGet Free Report) last posted its quarterly 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 net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts anticipate that ExxonMobil Corporation will post 11.55 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. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s payout ratio is presently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Wells Fargo & Company increased their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. TD Cowen reduced their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.

Get Our Latest Analysis on ExxonMobil

ExxonMobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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