Western Wealth Management LLC Acquires 23,907 Shares of ExxonMobil Corporation $XOM

Western Wealth Management LLC boosted its position in ExxonMobil Corporation (NYSE:XOM) by 40.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 82,480 shares of the oil and gas company’s stock after purchasing an additional 23,907 shares during the period. Western Wealth Management LLC’s holdings in ExxonMobil were worth $13,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in ExxonMobil in the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil in the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in ExxonMobil by 456.1% during 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 buying an additional 187 shares during the period. Key Capital Management INC purchased a new position in ExxonMobil during the fourth quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil in the 4th quarter worth about $32,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Trading Up 0.2%

NYSE:XOM opened at $157.08 on Friday. The firm has a market capitalization of $651.09 billion, a P/E ratio of 26.49, a P/E/G ratio of 0.64 and a beta of 0.17. 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 company has a fifty day moving average of $145.65 and a 200 day moving average of $148.55. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $81.13 billion. During the same period in the prior year, the business posted $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts predict that ExxonMobil Corporation will post 11.39 earnings per share for the current year.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Escalating Middle East tensions and reduced expectations that the Strait of Hormuz will reopen pushed oil prices higher, supporting ExxonMobil’s upstream earnings outlook. Oil Prices Jump After U.S. and Iran Strikes Hit Hormuz Hopes
• Positive Sentiment: ExxonMobil is expected to report its strongest earnings and free cash flow since 2022. Investors are watching whether the company uses the cash windfall for dividends, share repurchases, debt reduction, or growth investments. Exxon Earnings Will Show What It Plans to Do With Its Cash Windfall
• Positive Sentiment: Erste Group Bank modestly raised its ExxonMobil EPS forecasts to $11.04 for fiscal 2026 and $11.00 for fiscal 2027, signaling slightly improved expectations, although both remain below the broader consensus for the current year. ExxonMobil earnings estimate revisions
• Positive Sentiment: A new carbon-capture and storage project with Williams in Louisiana could support ExxonMobil’s low-carbon business and strengthen its role in natural-gas processing infrastructure. ExxonMobil agrees to new CCS project with Williams
• Neutral Sentiment: ExxonMobil is scheduled to release second-quarter results before the market opens on July 31. Analysts cited by Benzinga expect approximately $3.68 in EPS and $97.66 billion in revenue, making the report a major near-term catalyst. How to Earn $500 a Month From Exxon Mobil Stock Ahead of Q2 Earnings
• Negative Sentiment: ExxonMobil and Chevron reportedly face hurdles in trying to expand access to Venezuelan oil, limiting a potential source of future production growth. Market Chatter: Exxon, Chevron Face Hurdles Trying to Tap Into Venezuelan Oil
• Negative Sentiment: Bank of America downgraded ExxonMobil and said the stock offers limited additional upside. That valuation concern could weigh on shares if earnings or management’s capital-allocation plans disappoint. Exxon Mobil Seen Offering Limited Upside, BofA Says

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XOM. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. UBS Group lifted their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Scotiabank increased their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Jefferies Financial Group increased their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.45.

ExxonMobil Profile

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.