Cibc World Market Inc. Boosts Stock Position in ExxonMobil Corporation $XOM

Cibc World Market Inc. raised its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,077,140 shares of the oil and gas company’s stock after acquiring an additional 230,921 shares during the period. Cibc World Market Inc.’s holdings in ExxonMobil were worth $249,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ICW Investment Advisors LLC raised its stake in ExxonMobil by 0.3% during 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 acquiring an additional 69 shares during the last quarter. Peoples Bank OH raised its stake in ExxonMobil by 0.5% during the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after acquiring an additional 71 shares during the last quarter. Paulson Wealth Management Inc. raised its stake in ExxonMobil by 1.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after acquiring an additional 72 shares during the last quarter. Peirce Capital Management LLC raised its stake in ExxonMobil by 1.7% during the 4th quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after acquiring an additional 72 shares during the last quarter. Finally, Studio Investment Management LLC raised its stake in ExxonMobil by 0.8% during the 4th quarter. Studio Investment Management LLC now owns 8,698 shares of the oil and gas company’s stock valued at $1,047,000 after acquiring an additional 72 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s Permian operations are highlighted as a major profit driver, with low breakeven costs in the Midland and Delaware basins and rising production that could boost margins if oil prices stay elevated. Article: ExxonMobil’s Permian Advantage: Low Breakeven, Rising Production
• Positive Sentiment: A senior Exxon executive warned that Brent could surge to $150-$160 per barrel in coming weeks as global inventories approach historic lows, reinforcing the bullish case for ExxonMobil’s upstream earnings. Article: Exxon SVP Warns Oil Could Spike to $150-160 Per Barrel in ‘Coming Weeks’
• Positive Sentiment: The U.S. Strategic Petroleum Reserve continues to fall toward its lowest level since the early 1980s, which may support higher oil prices and improve the outlook for ExxonMobil’s production and refining economics. Article: US Strategic Petroleum Reserve on pace to hit lowest level since the early 1980s later this month
• Positive Sentiment: Reports that ExxonMobil is weighing a return to Venezuela suggest potential access to more reserves and long-term production opportunities, which could add upside if negotiations progress. Article: Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Investor optimism also stems from ExxonMobil’s Texas domicile move and continuing growth plans in the Permian Basin, both of which reinforce a long-term expansion narrative for the company. Article: Exxon Mobil Texas Move And What It Means For XOM Valuation
• Neutral Sentiment: Broader energy-sector commentary continues to place ExxonMobil on watchlists, but these articles are mostly screening/overview pieces rather than new company-specific developments. Article: Oil Stocks To Add to Your Watchlist – May 30th
• Neutral Sentiment: Market chatter around Iran and geopolitical tensions is helping oil prices, which can lift XOM, but the impact is indirect and depends on how long the supply risk persists. Article: Exxon (XOM) roars back as one Iran headline reignites oil

Wall Street Analysts Forecast Growth

Several analysts have commented on XOM shares. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Mizuho increased their target price on ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wells Fargo & Company increased their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus price target of $165.55.

ExxonMobil Stock Performance

XOM opened at $152.92 on Thursday. The stock has a market cap of $633.83 billion, a P/E ratio of 25.79, a P/E/G ratio of 0.64 and a beta of 0.16. 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 stock’s 50 day simple moving average is $154.49 and its 200 day simple moving average is $140.97. ExxonMobil Corporation has a 1-year low of $101.73 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last released 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. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.