ExxonMobil Corporation $XOM Stake Reduced by Patron Partners LLC

Patron Partners LLC trimmed its stake in ExxonMobil Corporation (NYSE:XOM) by 11.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,655 shares of the oil and gas company’s stock after selling 3,980 shares during the quarter. ExxonMobil makes up about 1.7% of Patron Partners LLC’s investment portfolio, making the stock its 11th largest holding. Patron Partners LLC’s holdings in ExxonMobil were worth $3,809,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. OneAscent Investment Solutions LLC bought a new stake in ExxonMobil in the fourth quarter valued at $210,000. OneAscent Financial Services LLC lifted its stake in ExxonMobil by 21.7% in the fourth quarter. OneAscent Financial Services LLC now owns 14,834 shares of the oil and gas company’s stock valued at $1,785,000 after buying an additional 2,649 shares during the last quarter. OneAscent Family Office LLC lifted its stake in ExxonMobil by 12.7% in the fourth quarter. OneAscent Family Office LLC now owns 8,035 shares of the oil and gas company’s stock valued at $967,000 after buying an additional 908 shares during the last quarter. Francis Financial Inc. lifted its stake in ExxonMobil by 41.7% in the fourth quarter. Francis Financial Inc. now owns 2,499 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 735 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new stake in ExxonMobil in the fourth quarter valued at $138,732,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Trading Down 1.2%

NYSE:XOM opened at $150.18 on Friday. ExxonMobil Corporation has a 1 year low of $102.68 and a 1 year high of $176.41. The stock has a market cap of $622.51 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 0.65 and a beta of 0.16. The business has a fifty day moving average of $153.96 and a 200-day moving average of $141.27. 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 (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.76 earnings per share. Equities analysts predict that ExxonMobil Corporation will post 11.66 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. Stockholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio is 69.48%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised their target price on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. TD Cowen cut their target price on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Piper Sandler cut their target price on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $165.55.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s advantaged, low-cost assets are highlighted as key growth drivers that can strengthen cash flow and improve resilience, especially if oil prices stay elevated. Here’s How ExxonMobil’s Advantaged Assets Drive Growth and Resilience
• Positive Sentiment: XOM was also described as a top-ranked momentum stock, which may reinforce bullish sentiment among traders looking for relative strength. Exxon Mobil (XOM) is a Top-Ranked Momentum Stock: Should You Buy?
• Positive Sentiment: Several market pieces point to oil stocks staying in focus as geopolitical tensions continue, which can support ExxonMobil through expectations for firmer crude prices. CVX, XOM and SHEL Forecasts – Oil Stocks in Focus as Conflict Continues
• Neutral Sentiment: Analysts and media continue to list ExxonMobil among attractive low-cost energy stocks, and recent price-target revisions remain broadly supportive of the valuation. Exxon Mobil Corporation (XOM) Among the Best Low Cost Stocks to Buy Now
• Neutral Sentiment: Some commentary notes ExxonMobil’s Q1 production dipped versus the prior quarter, which could temper enthusiasm if investors focus on output trends rather than longer-term asset quality. Decoupling Exxon’s Production Growth From Market Reality
• Negative Sentiment: Broader energy-market coverage suggests some caution around the timing of new capital spending and how quickly oil prices can sustain recent strength, which may be weighing on sentiment for large integrated producers like XOM. As the Iran conflict shakes up oil market, where can investors find value?

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company’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 completion of the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Company 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.