Van Diest Capital LLC Purchases Shares of 5,303 ExxonMobil Corporation $XOM

Van Diest Capital LLC acquired a new position in ExxonMobil Corporation (NYSE:XOM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,303 shares of the oil and gas company’s stock, valued at approximately $638,000. ExxonMobil accounts for 1.0% of Van Diest Capital LLC’s holdings, making the stock its 23rd largest position.

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

ExxonMobil Price Performance

Shares of XOM stock opened at $137.84 on Friday. The business’s fifty day moving average is $150.34 and its 200 day moving average is $143.26. 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 stock has a market cap of $571.36 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.60 and a beta of 0.16. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 EPS. Research analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil advanced a major new exploration push in Guyana’s Stabroek Block, planning up to 35 additional wells from 2028 through 2033, which could add long-term production growth. Article Title
• Positive Sentiment: The company signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its international gas footprint and supporting its LNG growth strategy. Article Title
• Positive Sentiment: Analysts continue to view ExxonMobil as relatively resilient versus the broader oil market because of its low-cost, diversified production base. Article Title

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein decreased their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Barclays raised their target price on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Piper Sandler lowered their price target 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 lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.70.

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.