Blue Edge Capital LLC decreased its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 23.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,193 shares of the oil and gas company’s stock after selling 10,886 shares during the period. Blue Edge Capital LLC’s holdings in ExxonMobil were worth $4,812,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil during the second quarter worth about $27,000. Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil during the 1st quarter worth approximately $36,000. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in 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 valued at $27,000 after purchasing an additional 187 shares during the period. Finally, Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.
ExxonMobil Stock Up 2.3%
ExxonMobil stock opened at $164.41 on Thursday. The stock’s fifty day moving average is $154.49 and its two-hundred day moving average is $152.54. The stock has a market cap of $681.48 billion, a PE ratio of 21.16, a P/E/G ratio of 0.98 and a beta of 0.18. ExxonMobil Corporation has a 1-year low of $110.39 and a 1-year high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.
ExxonMobil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.
Analyst Ratings Changes
XOM has been the topic of several research reports. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and increased their target price for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. DZ Bank cut shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. HSBC set a $158.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Finally, Wall Street Zen raised shares of ExxonMobil to a “hold” rating in a research note on Saturday, September 5th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $167.45.
Read Our Latest Research Report on ExxonMobil
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: New Angola oil discovery: ExxonMobil, Angola’s National Oil, Gas and Biofuels Agency and Block 15 partners announced an oil discovery at the Vicango Este-01 exploration well. The discovery—reported as the 20th in Block 15—could strengthen ExxonMobil’s long-term production pipeline, although its eventual financial contribution depends on appraisal and development. Angola offshore discovery article
- Positive Sentiment: Oil-price tailwind: Brent crude moved above $100 a barrel and West Texas Intermediate surpassed $95 as Middle East tensions increased supply-risk concerns. Higher crude prices generally support ExxonMobil’s upstream earnings and cash flow, helping explain the stock’s advance. Energy ETFs and oil prices article
- Positive Sentiment: Portfolio and balance-sheet support: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies, while its Pioneer subsidiary launched cash tender offers for $2.1 billion of senior notes. The transactions may improve portfolio control and optimize debt, reinforcing the company’s financial flexibility. Papua LNG operatorship article
- Neutral Sentiment: Investor presentation and valuation: ExxonMobil’s Barclays energy conference presentation highlighted its operating strategy and exposure to favorable oil prices. Commentary noted that the stock has gained substantially this year and could approach $200 if crude prices and earnings remain strong, but that outcome is highly dependent on external commodity markets. ExxonMobil oil prices and $200 outlook
- Negative Sentiment: Key risks remain: Analysts and commentators warned that the recent rally may rely heavily on a temporary “war premium” in crude prices. ExxonMobil also faces ongoing uncertainty around Kazakhstan’s Kashagan environmental dispute and potential political risk in Venezuela. Kashagan dispute article
ExxonMobil Company 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.
Read More
- Five stocks we like better than ExxonMobil
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
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.
