SouthState Bank Corp Buys 4,261 Shares of ExxonMobil Corporation $XOM

SouthState Bank Corp grew its position in shares of ExxonMobil Corporation (NYSE:XOM) by 5.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,667 shares of the oil and gas company’s stock after acquiring an additional 4,261 shares during the quarter. SouthState Bank Corp’s holdings in ExxonMobil were worth $13,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlueChip Wealth Advisors LLC lifted its position in shares of ExxonMobil by 5.7% during the first quarter. BlueChip Wealth Advisors LLC now owns 3,970 shares of the oil and gas company’s stock valued at $674,000 after purchasing an additional 215 shares in the last quarter. Camden National Bank increased its stake in ExxonMobil by 1.4% in the 1st quarter. Camden National Bank now owns 9,433 shares of the oil and gas company’s stock valued at $1,600,000 after buying an additional 126 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in ExxonMobil by 4.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 38,466 shares of the oil and gas company’s stock valued at $6,526,000 after buying an additional 1,469 shares during the last quarter. First National Bank of Hutchinson lifted its position in shares of ExxonMobil by 60.5% during the 1st quarter. First National Bank of Hutchinson now owns 14,753 shares of the oil and gas company’s stock worth $2,503,000 after buying an additional 5,559 shares in the last quarter. Finally, CFO Capital Management LLC lifted its position in shares of ExxonMobil by 914.1% during the 1st quarter. CFO Capital Management LLC now owns 78,656 shares of the oil and gas company’s stock worth $13,345,000 after buying an additional 70,900 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler decreased their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Scotiabank boosted their price objective on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Sanford C. Bernstein lowered their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Jefferies Financial Group boosted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil Price Performance

ExxonMobil stock opened at $147.56 on Friday. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. 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 business’s 50 day simple moving average is $145.78 and its 200 day simple moving average is $146.31. The company has a market cap of $611.62 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 0.61 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last released 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 business had revenue of $83.16 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $1.76 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 11.38 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

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.