Kingdom Financial Group LLC. Increases Stock Holdings in ExxonMobil Corporation $XOM

Kingdom Financial Group LLC. raised its position in ExxonMobil Corporation (NYSE:XOM) by 59.9% during the fourth quarter, HoldingsChannel reports. The firm owned 9,060 shares of the oil and gas company’s stock after purchasing an additional 3,395 shares during the period. ExxonMobil comprises 0.3% of Kingdom Financial Group LLC.’s holdings, making the stock its 28th biggest position. Kingdom Financial Group LLC.’s holdings in ExxonMobil were worth $1,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil in the 4th quarter worth $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of ExxonMobil in the 4th quarter worth $28,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of ExxonMobil in the 3rd quarter worth $30,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is reportedly in talks to acquire rights to produce oil in Venezuela, a potential reopening of a market it left roughly 20 years ago and had recently called “uninvestable,” which could add a meaningful long-term production opportunity if geopolitical conditions allow. Article Title
• Positive Sentiment: Exxon, QatarEnergy, and Egypt signed a preliminary agreement to study Cyprus gas development, reinforcing ExxonMobil’s LNG and gas growth strategy and its ability to monetize new discoveries through existing regional infrastructure. Article Title
• Positive Sentiment: Analyst commentary highlighted ExxonMobil’s resilience, pointing to its strong balance sheet, low debt, and ability to keep funding projects and dividends even when oil and gas prices fluctuate. Article Title
• Positive Sentiment: ExxonMobil’s LNG footprint is expanding, with coverage noting rising power demand and additional export capacity as supportive of long-term growth. Article Title
• Neutral Sentiment: Technical analysis suggests XOM is pulling back after a breakout and testing support levels, which leaves the near-term trend dependent on whether buyers defend those levels. Article Title
• Neutral Sentiment: Several articles on valuation, peer comparisons, and “top oil stock” watchlists may support investor interest, but they do not add a major new fundamental catalyst by themselves. Article Title
• Negative Sentiment: Ongoing governance and proxy-adviser conflict headlines, including Exxon’s fight with ISS and Glass Lewis, keep legal and boardroom friction in view and could weigh on sentiment if the dispute escalates. Article Title

Insiders Place Their Bets

In other ExxonMobil 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 sale, the vice president owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Citigroup raised their price objective on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Jefferies Financial Group raised their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Piper Sandler lowered their target price on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Bank of America raised their target price on ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.95.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $155.38 on Friday. The stock has a market cap of $644.06 billion, a P/E ratio of 26.20, a P/E/G ratio of 0.68 and a beta of 0.19. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $155.73 and a two-hundred day moving average of $138.83. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month 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, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. On average, research analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil’s dividend payout ratio is 69.48%.

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.