ExxonMobil Corporation $XOM Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 285,883 shares of the oil and gas company’s stock after buying an additional 6,173 shares during the period. ExxonMobil accounts for 0.8% of Independent Advisor Alliance’s investment portfolio, making the stock its 18th largest position. Independent Advisor Alliance’s holdings in ExxonMobil were worth $34,403,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new position in ExxonMobil during the fourth quarter worth $27,000. Key Capital Management INC acquired a new position in ExxonMobil during the fourth quarter worth $28,000. Westfuller Advisors LLC acquired a new position in ExxonMobil during the third quarter worth $30,000. Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil during the fourth quarter worth $32,000. Finally, DecisionPoint Financial LLC boosted its stake in ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock worth $32,000 after buying an additional 242 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $150.59 on Wednesday. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The business’s fifty day simple moving average is $154.92 and its 200-day simple moving average is $136.80. The firm has a market cap of $624.17 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 0.66 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.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the prior year, the company posted $1.76 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that ExxonMobil Corporation will post 11.45 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XOM shares. Piper Sandler lowered their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Finally, Loop Capital set a $123.00 price target on ExxonMobil in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil has a consensus rating of “Moderate Buy” and a consensus target price of $163.95.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is being highlighted as a blue-chip dividend stock, with UBS recently raising its price target and investors continuing to favor large integrated oil companies for income and stability.
• Positive Sentiment: Rising crude prices and fuel-market disruption tied to Middle East tensions could support ExxonMobil’s upstream earnings, while its large Beaumont refinery may benefit from cheaper domestic crude and wider refining margins.
• Positive Sentiment: Recent commentary also points to ExxonMobil’s strong one-year rally and its scale in the Dow and global energy markets as evidence of durable investor appeal.
• Neutral Sentiment: Some investors are questioning whether ExxonMobil is still a value buy after its strong run, noting that the stock has pulled back modestly from recent highs and may already reflect much of the good news.
• Neutral Sentiment: The company’s upcoming ex-dividend date may draw income investors, but it is more of a routine calendar event than a major fundamental catalyst.
• Negative Sentiment: Proxy adviser ISS recommended shareholders vote against ExxonMobil’s plan to move its registration to Texas, citing concerns that the change could make it harder for shareholders to hold directors and officers accountable.

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.