Bryn Mawr Trust Advisors LLC Decreases Holdings in ExxonMobil Corporation $XOM

Bryn Mawr Trust Advisors LLC trimmed its holdings in ExxonMobil Corporation (NYSE:XOM) by 4.2% in the first quarter, HoldingsChannel reports. The fund owned 117,120 shares of the oil and gas company’s stock after selling 5,083 shares during the period. ExxonMobil makes up 1.0% of Bryn Mawr Trust Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Bryn Mawr Trust Advisors LLC’s holdings in ExxonMobil were worth $19,871,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 valued at $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC bought a new position in shares of ExxonMobil during the fourth quarter valued at about $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of ExxonMobil during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines 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.

ExxonMobil Stock Up 1.1%

XOM stock opened at $147.56 on Friday. The business has a fifty day moving average price of $145.78 and a 200-day moving average price of $146.31. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The stock has a market capitalization of $611.62 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.60 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts forecast that ExxonMobil Corporation will post 11.43 earnings per share for the current fiscal 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 dividend yield of 2.8%. ExxonMobil’s payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. Jefferies Financial Group raised their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Piper Sandler decreased their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company boosted their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Finally, Barclays raised their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. One research 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. Based on data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

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.