Mirabaud & Cie SA reduced its position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 14.7% during the second quarter, HoldingsChannel reports. The firm owned 24,493 shares of the oil and gas company’s stock after selling 4,215 shares during the quarter. ExxonMobil comprises about 1.3% of Mirabaud & Cie SA’s holdings, making the stock its 16th largest holding. Mirabaud & Cie SA’s holdings in ExxonMobil were worth $3,349,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of XOM. Impact Partnership Wealth LLC lifted its position in shares of ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after purchasing an additional 67 shares during the last quarter. Cardinal Strategic Wealth Guidance lifted its stake in ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 68 shares during the last quarter. Core Wealth Advisors Inc. boosted its holdings in ExxonMobil by 1.0% in the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after purchasing an additional 68 shares during the period. ICW Investment Advisors LLC boosted its holdings in ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after purchasing an additional 69 shares during the period. Finally, Swisher Financial Concepts Inc. increased its stake in ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a research report on Monday. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings raised shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday. TD Cowen decreased their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil has an average rating of “Hold” and an average target price of $162.95.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil awarded McDermott a letter of intent covering limited engineering and procurement work for the Rovuma LNG Phase 1 midstream project in Mozambique. The development supports ExxonMobil’s long-term LNG growth strategy, although the award is not yet a final construction contract. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project
- Positive Sentiment: ExxonMobil is reportedly linking a potential $80 billion investment to expand Kazakhstan’s Kashagan oil field to a resolution of the government’s long-running dispute with international oil companies. A successful agreement could create a significant future production opportunity for XOM, though the investment remains conditional. Exxon Links New $80 Billion Kazakh Oil Venture to Ending Dispute
- Positive Sentiment: Industry coverage points to elevated oil prices and record refining margins, helped by Middle East supply disruptions and tighter global fuel markets. These conditions support ExxonMobil’s upstream and downstream earnings outlook. Middle East War Triggers New Global Refining Boom
- Positive Sentiment: Analyst commentary highlights strong production, higher oil prices, a solid balance sheet and potential undervaluation following second-quarter results. ExxonMobil also selected Sercel’s Marlin software for its Whiptail development in Guyana, supporting project execution. The Zacks Analyst Blog Highlights ExxonMobil, Chevron and BP
- Neutral Sentiment: ExxonMobil received a rating upgrade from “strong sell” to “hold,” while another analyst lowered its rating. The mixed analyst signals suggest valuation and near-term earnings concerns remain despite the company’s longer-term strengths. ExxonMobil Stock Rating Lowered by DZ Bank
- Negative Sentiment: ExxonMobil narrowly missed quarterly EPS expectations, and President Trump has pressured Exxon and other oil companies to lower gasoline prices after strong profits. Political scrutiny could weigh on margins or shareholder returns if it leads to policy intervention. President Trump Pressures Exxon and Chevron to Lower Gas Prices
ExxonMobil Stock Performance
Shares of NYSE XOM opened at $154.61 on Friday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The company has a market cap of $640.84 billion, a PE ratio of 19.90, a P/E/G ratio of 0.60 and a beta of 0.17. The stock has a 50 day simple moving average of $145.97 and a 200-day simple moving average of $149.48. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.
ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter last year, the firm posted $1.64 earnings per share. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.72 EPS for the current year.
ExxonMobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil’s payout ratio is presently 53.02%.
ExxonMobil 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.
Featured Articles
- Five stocks we like better than ExxonMobil
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM – Free Report).
Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.
