D.A. Davidson & CO. Reduces Position in ExxonMobil Corporation $XOM

D.A. Davidson & CO. decreased its holdings in ExxonMobil Corporation (NYSE:XOM) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 420,031 shares of the oil and gas company’s stock after selling 6,710 shares during the quarter. D.A. Davidson & CO.’s holdings in ExxonMobil were worth $71,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Navigation Group LLC bought a new stake in shares of ExxonMobil in the first quarter worth $1,480,000. Twin Capital Management Inc. boosted its stake in ExxonMobil by 3.0% during the 1st quarter. Twin Capital Management Inc. now owns 68,082 shares of the oil and gas company’s stock valued at $11,551,000 after acquiring an additional 2,005 shares during the last quarter. Marks Group Wealth Management Inc grew its holdings in ExxonMobil by 0.8% during the 1st quarter. Marks Group Wealth Management Inc now owns 28,149 shares of the oil and gas company’s stock worth $4,776,000 after acquiring an additional 224 shares in the last quarter. Midwest Professional Planners LTD. grew its holdings in ExxonMobil by 1.1% during the 1st quarter. Midwest Professional Planners LTD. now owns 13,911 shares of the oil and gas company’s stock worth $2,360,000 after acquiring an additional 153 shares in the last quarter. Finally, truNorth Financial Services Inc. increased its position in shares of ExxonMobil by 29.0% in the 1st quarter. truNorth Financial Services Inc. now owns 2,463 shares of the oil and gas company’s stock worth $418,000 after purchasing an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.1%

ExxonMobil stock opened at $147.56 on Monday. The firm’s 50-day moving average is $145.78 and its 200-day moving average is $146.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The company has a market cap of $611.62 billion, a P/E ratio of 24.88, a PEG ratio of 0.61 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced 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 business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Key ExxonMobil News

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.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Barclays lifted their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Scotiabank boosted their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein decreased their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, ExxonMobil currently has an average rating of “Moderate Buy” and an average 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.