Envestnet Portfolio Solutions Inc. increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,420 shares of the oil and gas company’s stock after buying an additional 30,423 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in ExxonMobil were worth $34,648,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in ExxonMobil during the 4th quarter worth about $7,625,063,000. GQG Partners LLC grew its stake in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil in the 1st quarter valued at about $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ExxonMobil in the first quarter worth approximately $766,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ExxonMobil by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after purchasing an additional 2,465,410 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
ExxonMobil Stock Up 1.5%
Shares of NYSE XOM traded up $2.45 during trading hours on Wednesday, hitting $161.16. The stock had a trading volume of 12,567,237 shares, compared to its average volume of 18,580,574. The company has a market capitalization of $668.00 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.97 and a beta of 0.18. The firm’s 50-day moving average price is $158.76 and its two-hundred day moving average price is $153.38. ExxonMobil Corporation has a 52 week low of $110.39 and a 52 week high of $176.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.
ExxonMobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is 53.02%.
Wall Street Analyst Weigh In
Several research firms recently commented on XOM. Morgan Stanley raised their price target on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. UBS Group reiterated a “buy” rating on shares of ExxonMobil in a research report on Tuesday, September 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of ExxonMobil in a research note on Monday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.45.
View Our Latest Analysis on XOM
Trending Headlines about ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil reportedly delivered record oil production and revenue while maintaining lower capital spending. Higher output from high-return assets, including the Permian Basin, along with technology and efficiency gains, supports margins and free-cash-flow generation. ExxonMobil Delivers Record Oil Output and Revenue on Lower Spending
- Positive Sentiment: A debt-to-capitalization ratio of 13.73% gives XOM balance-sheet flexibility to withstand oil and gas price swings while continuing operations, capital investment and shareholder distributions. How ExxonMobil’s Balance Sheet Helps Navigate Oil Volatility
- Positive Sentiment: Strong cash generation is allowing ExxonMobil to fund growth projects and shareholder returns simultaneously, supporting management’s 2030 earnings and cash-flow objectives. Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
- Positive Sentiment: The company’s plan to expand LNG sales toward 50 million tons by 2030 could strengthen its position in global gas markets and diversify earnings beyond traditional upstream oil. Exxon’s 2030 LNG Sales Target
- Neutral Sentiment: Potential disruption around the Strait of Hormuz could lift crude prices and create upside for ExxonMobil, but the market’s muted reaction and recent oil weakness show that the benefit remains uncertain. If Hormuz Stays Shut, How High Can Exxon Go?
- Neutral Sentiment: ExxonMobil is reportedly considering a return to Venezuela, which could provide access to substantial resources but would also expose the company to political, regulatory and execution risks. Exxon Could Return to Venezuela
- Negative Sentiment: Some current energy-market enthusiasm is directed toward Chevron rather than ExxonMobil, while uncertainty over oil prices and Middle East developments may limit near-term enthusiasm for XOM.
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.
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