TritonPoint Partners LLC Makes New $1.14 Million Investment in ExxonMobil Corporation $XOM

TritonPoint Partners LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the fourth quarter, Holdings Channel reports. The firm bought 9,429 shares of the oil and gas company’s stock, valued at approximately $1,135,000.

A number of other large investors have also recently added to or reduced their stakes in XOM. Norges Bank bought a new stake in ExxonMobil during the fourth quarter worth approximately $7,625,063,000. Franklin Resources Inc. boosted its position in shares of ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after acquiring an additional 2,660,910 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of ExxonMobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after acquiring an additional 2,546,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ExxonMobil by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock valued at $1,925,119,000 after acquiring an additional 2,465,410 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of ExxonMobil by 334.4% in the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock valued at $368,541,000 after acquiring an additional 2,357,467 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Down 4.2%

Shares of XOM stock opened at $140.86 on Tuesday. The stock has a market cap of $583.84 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 0.62 and a beta of 0.16. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The stock has a fifty day moving average price of $151.69 and a 200 day moving average price of $142.73. 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 earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm 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%.ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.76 earnings per share. Analysts predict that ExxonMobil Corporation will post 11.8 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil applied for environmental authorization for a 35-well exploration campaign offshore Guyana, signaling continued investment in one of its most important long-term growth areas. Exxon Mobil seeks environmental permit for exploration in offshore Guyana
• Positive Sentiment: Analysts noted that stronger oil prices could still boost ExxonMobil’s energy business because its low-cost Permian and Guyana assets are well positioned to benefit in a favorable crude market. Will Strong Oil Prices Boost ExxonMobil’s Energy Business?
• Neutral Sentiment: Reports that ExxonMobil is weighing an early-stage bid for Woodside Energy were followed by Woodside denying any takeover talks, making the M&A speculation unclear for investors. ExxonMobil weighs early stage bid for Woodside Energy Group
• Negative Sentiment: ExxonMobil stock fell as the broader market rose, reflecting a sector-specific selloff tied to weaker oil prices and reduced optimism for near-term energy earnings. Exxon Mobil (XOM) Stock Falls Amid Market Uptick: What Investors Need to Know

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. HSBC increased their price objective on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. 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. Piper Sandler reduced their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, UBS Group increased their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and an average price target of $165.55.

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.