Elevation Point Wealth Partners LLC Has $65.81 Million Holdings in ExxonMobil Corporation $XOM

Elevation Point Wealth Partners LLC raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 44.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 387,890 shares of the oil and gas company’s stock after buying an additional 119,840 shares during the quarter. ExxonMobil accounts for about 1.5% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 7th largest position. Elevation Point Wealth Partners LLC’s holdings in ExxonMobil were worth $65,809,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in XOM. Platform Technology Partners raised its position in shares of ExxonMobil by 9.0% during the first quarter. Platform Technology Partners now owns 17,177 shares of the oil and gas company’s stock valued at $2,914,000 after buying an additional 1,414 shares during the last quarter. Sound Income Strategies LLC grew its position in ExxonMobil by 4.0% during the first quarter. Sound Income Strategies LLC now owns 24,517 shares of the oil and gas company’s stock worth $3,942,000 after buying an additional 949 shares in the last quarter. Jamison Private Wealth Management Inc. increased its stake in ExxonMobil by 1.6% during the first quarter. Jamison Private Wealth Management Inc. now owns 55,695 shares of the oil and gas company’s stock valued at $9,449,000 after acquiring an additional 902 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in ExxonMobil by 23.2% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 219,980 shares of the oil and gas company’s stock valued at $37,322,000 after acquiring an additional 41,434 shares in the last quarter. Finally, Blue Capital Inc. bought a new stake in shares of ExxonMobil in the 1st quarter worth approximately $201,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil Price Performance

ExxonMobil stock opened at $141.66 on Wednesday. The business has a 50 day simple moving average of $146.94 and a 200 day simple moving average of $145.11. 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 company has a market capitalization of $587.17 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 0.57 and a beta of 0.17. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 earnings per share. On average, sell-side analysts forecast that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. Mizuho lifted their price objective on ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Citigroup raised their target price on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Barclays lifted their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a research note on Tuesday, May 5th. Finally, 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. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.70.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signaled that higher oil prices should lift second-quarter upstream earnings by $3.5 billion to $3.9 billion, a direct boost to profitability. Exxon Mobil signals higher second-quarter earnings
• Positive Sentiment: Investors remain focused on ExxonMobil’s completed Texas redomiciliation, while broader oil market strength and tight supply conditions continue to support the stock. ExxonMobil Gains as Oil Firms and Investors Digest Texas Redomiciliation
• Positive Sentiment: Articles highlighting LNG growth and ExxonMobil’s long-term value case may be helping reinforce investor confidence in the company’s integrated energy model and dividend appeal. Global LNG Demand Could Surge 65% by 2050
• Neutral Sentiment: Recent commentary from analysts and market outlets is generally constructive, with ExxonMobil still viewed as a high-quality long-term value name, though some note that softer oil prices could limit upside. After an Almost 20 One-Year Run, is ExxonMobil Still Worth Buying?
• Neutral Sentiment: Institutional and options-related trading interest suggests ExxonMobil remains widely followed, but these flows do not appear to be the main driver of the move today. ExxonMobil Trade Can Pump Out A Premium Or Discounted Shares For The Oil Heavyweight
• Negative Sentiment: Broader oil-market coverage warns that crude prices are still below the $100 threshold and could drift lower if recession concerns deepen, which would pressure energy stocks including ExxonMobil. Oil’s $100 Threshold: What It Means for Energy Stocks Now

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.