Natixis Advisors LLC Buys 221,871 Shares of ExxonMobil Corporation $XOM

Natixis Advisors LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,112,155 shares of the oil and gas company’s stock after purchasing an additional 221,871 shares during the quarter. ExxonMobil comprises about 0.7% of Natixis Advisors LLC’s portfolio, making the stock its 18th biggest position. Natixis Advisors LLC’s holdings in ExxonMobil were worth $494,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC lifted its holdings in ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares during the period. New Age Alpha Advisors LLC lifted its holdings in ExxonMobil by 5.6% in the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after buying an additional 8,853 shares during the period. HORAN Wealth LLC lifted its holdings in ExxonMobil by 78.3% in the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after buying an additional 5,788 shares during the period. Krilogy Financial LLC lifted its holdings in ExxonMobil by 46.6% in the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after buying an additional 11,177 shares during the period. Finally, Varma Mutual Pension Insurance Co lifted its holdings in ExxonMobil by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 655,303 shares of the oil and gas company’s stock valued at $73,885,000 after buying an additional 51,900 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Activity at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

ExxonMobil Trading Up 2.5%

XOM opened at $148.83 on Tuesday. The firm’s fifty day moving average is $154.85 and its two-hundred day moving average is $140.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The firm has a market cap of $616.88 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.63 and a beta of 0.19. ExxonMobil Corporation has a twelve month low of $101.73 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, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period last year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil has reportedly been in talks to regain oil production rights in Venezuela, which could expand its reserve base and long-term production potential. Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Analysts turned more bullish on ExxonMobil, including a higher price target from Mizuho, reinforcing expectations that the company can benefit from strong energy markets. Analysts Get Bullish on Exxon Mobil (XOM)
• Neutral Sentiment: Commentary about ExxonMobil being a top oil stock amid the U.S.-Iran conflict supports the broader bullish case, but it is mostly opinion-driven rather than new company-specific news. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on XOM shares. Wells Fargo & Company increased their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. UBS Group increased their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank increased their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 target price on shares of ExxonMobil in a report on Wednesday, February 4th. Finally, Citigroup increased their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus target price of $165.55.

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.