ExxonMobil Corporation $XOM is Prevail Innovative Wealth Advisors LLC’s 5th Largest Position

Prevail Innovative Wealth Advisors LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,528 shares of the oil and gas company’s stock after purchasing an additional 7,438 shares during the period. ExxonMobil makes up 1.9% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Prevail Innovative Wealth Advisors LLC’s holdings in ExxonMobil were worth $10,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Peirce Capital Management LLC raised its holdings in shares of ExxonMobil by 1.7% during the fourth quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after purchasing an additional 72 shares during the last quarter. Flaharty Asset Management LLC raised its holdings in shares of ExxonMobil by 8.5% during the fourth quarter. Flaharty Asset Management LLC now owns 7,662 shares of the oil and gas company’s stock valued at $922,000 after purchasing an additional 602 shares during the last quarter. Harmony Asset Management LLC raised its holdings in shares of ExxonMobil by 1.6% during the fourth quarter. Harmony Asset Management LLC now owns 14,014 shares of the oil and gas company’s stock valued at $1,686,000 after purchasing an additional 219 shares during the last quarter. Forum Private Client Group LLC raised its holdings in shares of ExxonMobil by 12.2% during the fourth quarter. Forum Private Client Group LLC now owns 2,242 shares of the oil and gas company’s stock valued at $270,000 after purchasing an additional 243 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC raised its holdings in shares of ExxonMobil by 11.2% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 8,562 shares of the oil and gas company’s stock valued at $1,030,000 after purchasing an additional 862 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Bank of America upped their target price on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. TD Cowen reduced their target price on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $163.95.

Insider Buying and Selling at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is benefiting from oil prices staying above $100, which keeps Permian producers in focus and supports upstream earnings potential. Oil Remains Above $100: Are Permian Stocks a Smart Bet Now?
• Positive Sentiment: Analysts highlighted ExxonMobil as a low-beta energy stock, suggesting investors are viewing XOM as a steadier option amid Middle East-driven market volatility. 4 Low-Beta Stocks for a Steadier Portfolio: LQDA, XOM, VLO & FANG
• Positive Sentiment: ExxonMobil’s LNG expansion and exposure to rising data-center power demand were cited as long-term growth drivers, reinforcing the company’s diversification strategy beyond traditional oil production. Is ExxonMobil Positioned to Capitalize on Rising LNG & Power Demand?
• Positive Sentiment: ExxonMobil won major line-pipe orders for Guyana and is continuing its offshore growth push there, signaling continued investment and activity in a key asset base. VALLOUREC WINS MAJOR LINE PIPE ORDERS FROM EXXONMOBIL IN GUYANA…

ExxonMobil Stock Performance

XOM opened at $156.44 on Thursday. The firm has a market cap of $648.45 billion, a P/E ratio of 26.38, a PEG ratio of 0.71 and a beta of 0.19. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41. The company has a 50 day simple moving average of $155.58 and a two-hundred day simple moving average of $138.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) 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. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend 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.