WealthPLAN Partners LLC Boosts Stock Holdings in ExxonMobil Corporation $XOM

WealthPLAN Partners LLC raised its stake in ExxonMobil Corporation (NYSE:XOM) by 49.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,781 shares of the oil and gas company’s stock after purchasing an additional 5,909 shares during the quarter. WealthPLAN Partners LLC’s holdings in ExxonMobil were worth $3,017,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in XOM. Portus Wealth Advisors LLC purchased a new stake in ExxonMobil during the first quarter worth approximately $36,000. Berbice Capital Management LLC purchased a new position in shares of ExxonMobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Finally, Key Capital Management INC purchased a new stake in ExxonMobil during the 4th quarter worth $28,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Up 1.0%

Shares of ExxonMobil stock traded up $1.38 during trading hours on Friday, hitting $138.84. 9,747,202 shares of the company’s stock traded hands, compared to its average volume of 16,727,811. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a market cap of $575.47 billion, a PE ratio of 23.41, a PEG ratio of 0.56 and a beta of 0.17. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $146.22 and a 200-day simple moving average of $145.38.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that ExxonMobil Corporation will post 11.69 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Analyst Upgrades and Downgrades

Several research analysts have commented on XOM shares. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday, June 16th. Scotiabank upped their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. UBS Group raised their target price on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. Finally, Barclays increased their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus target price of $164.45.

More ExxonMobil News

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 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.