Kuhn & Co Investment Counsel Takes $722,000 Position in ExxonMobil Corporation $XOM

Kuhn & Co Investment Counsel bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the oil and gas company’s stock, valued at approximately $722,000.

Other large investors also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in ExxonMobil in the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the last quarter. Key Capital Management INC acquired a new position in ExxonMobil in the fourth quarter worth approximately $28,000. Finally, Westfuller Advisors LLC acquired a new position in ExxonMobil in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America increased their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Morgan Stanley dropped their price objective on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. UBS Group increased their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $155.00 price objective on shares of ExxonMobil in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average price target of $163.95.

ExxonMobil Stock Down 0.1%

Shares of ExxonMobil stock opened at $154.82 on Monday. The stock has a market capitalization of $641.71 billion, a P/E ratio of 26.11, a PEG ratio of 0.68 and a beta of 0.19. 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 moving average price of $155.79 and a two-hundred day moving average price of $139.12. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. Equities analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Dividend Announcement

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 given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil’s Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

About ExxonMobil

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.