Allworth Financial LP lowered its holdings in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 382,063 shares of the oil and gas company’s stock after selling 9,907 shares during the period. Allworth Financial LP’s holdings in ExxonMobil were worth $52,236,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of XOM. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil during the 2nd quarter worth approximately $27,000. Portus Wealth Advisors LLC purchased a new stake in shares of ExxonMobil in the first quarter valued at $36,000. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in ExxonMobil by 456.1% during 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 purchasing an additional 187 shares in the last quarter. Finally, Atlantic Private Wealth LLC increased its position in ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.
ExxonMobil Trading Up 0.8%
NYSE:XOM traded up $1.29 during trading hours on Tuesday, reaching $160.76. 12,603,794 shares of the company were exchanged, compared to its average volume of 18,769,414. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a market cap of $666.36 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.97 and a beta of 0.18. ExxonMobil Corporation has a 52-week low of $110.39 and a 52-week high of $176.41. The stock has a 50 day simple moving average of $153.44 and a 200 day simple moving average of $152.37.
ExxonMobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on XOM. Wells Fargo & Company restated an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a report on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. HSBC set a $158.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Mizuho decreased their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of ExxonMobil in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and a consensus target price of $167.45.
Check Out Our Latest Analysis on ExxonMobil
More ExxonMobil News
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil subsidiary Pioneer Natural Resources launched cash tender offers for up to $2.1 billion of senior notes: $1.1 billion of 1.900% notes due 2030 and $1 billion of 2.150% notes due 2031. The move could lower or optimize debt obligations and signals active balance-sheet management. The offers expire September 14, with pricing based on Treasury yields plus fixed spreads. ExxonMobil cash tender offer announcement
- Positive Sentiment: Analyst optimism remains a catalyst. Piper Sandler reportedly sees ExxonMobil moving toward new highs, supported by higher oil prices, solid earnings, and the stock’s strong year-to-date performance. Piper Sandler ExxonMobil outlook
- Positive Sentiment: Changes to the Papua LNG project improve its investment profile. TotalEnergies cut estimated project costs to about $14 billion, while ExxonMobil is set to become operator. Lower costs and greater operational control could support long-term production growth, although a final investment decision is still pending. Papua LNG cost reduction
- Neutral Sentiment: ExxonMobil’s 43-year dividend-growth record reinforces its appeal to income investors. However, coverage highlights that the streak nearly failed during the 2020 downturn, underscoring the dividend’s sensitivity to severe commodity-price shocks. ExxonMobil dividend history
- Negative Sentiment: Potential changes in Venezuela create uncertainty. Chevron’s expanded agreement could provide a model for ExxonMobil’s possible return, but Exxon’s leadership previously described the country as “uninvestable.” Political, regulatory, and execution risks could limit any near-term benefit. ExxonMobil and Venezuela outlook
ExxonMobil Profile
Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.
Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.
Featured Stories
- Five stocks we like better than ExxonMobil
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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.
-logo-1200x675.jpg){kind=logo}
