ExxonMobil Corporation $XOM Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 4.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,094,143 shares of the oil and gas company’s stock after acquiring an additional 94,283 shares during the quarter. Cerity Partners LLC’s holdings in ExxonMobil were worth $252,042,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Capital Management LLC raised its stake in shares of ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP purchased a new stake in shares of ExxonMobil during the first quarter valued at approximately $305,000. Sivia Capital Partners LLC raised its stake in shares of ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares during the period. United Bank raised its stake in shares of ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after purchasing an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. raised its stake in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 5,443 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XOM shares. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Sanford C. Bernstein dropped their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. UBS Group lifted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Bank of America lifted their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, Scotiabank lifted their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, ExxonMobil presently has an average rating of “Hold” and an average target price of $165.55.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil prices rose on renewed Middle East tensions, lifting major energy names like ExxonMobil as investors priced in tighter supply and higher upstream earnings potential. Why Are BATL, INDO, XOM, CVX, USO, UCO Rising Overnight?
• Positive Sentiment: A proposed Exxon gas project in Mozambique is projected to add about $11 billion annually to the country’s economy, reinforcing the scale and strategic value of Exxon’s global LNG growth pipeline. Proposed Exxon gas project seen providing $11B annual boost to Mozambique’s economy
• Positive Sentiment: Commentary noted Exxon’s long-term appeal from its balance sheet strength, dividend history, and cost advantages, with recent articles framing short-term oil volatility as a buying opportunity. Why Short-Term Oil Volatility Is Giving Long-Term Investors a Once-in-a-Generation Gift to Buy ExxonMobil for Good
• Neutral Sentiment: Analysts questioned whether XOM is attractive at its premium valuation, noting that strong Permian economics and production plans support results, but some investors may prefer to wait for a better entry point. Is XOM Worth Betting on at its Premium Price or Should Investors Wait?
• Neutral Sentiment: Exxon’s move to Texas and recent shareholder votes may improve operational flexibility, but they also renewed debate over governance and shareholder rights, which could keep some investors cautious. Exxon’s Move to Texas and Shareholder Votes Might Change The Case For Investing In Exxon Mobil (XOM)
• Negative Sentiment: A broader energy-market warning highlighted the risk that the world is only one oil-price spike away from trouble, suggesting markets may be underestimating supply disruptions and volatility that could eventually pressure sentiment around ExxonMobil and the sector. Global Economy Is One Oil Price Spike Away From Trouble

ExxonMobil Stock Up 1.4%

Shares of NYSE:XOM opened at $151.95 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $153.70 and a 200 day simple moving average of $141.67. The firm has a market cap of $629.80 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 0.64 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $103.83 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last issued its quarterly 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 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 business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

Insider Activity

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

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.