Nilsine Partners LLC raised its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 22.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,492 shares of the oil and gas company’s stock after purchasing an additional 15,326 shares during the period. ExxonMobil accounts for approximately 0.8% of Nilsine Partners LLC’s holdings, making the stock its 28th biggest position. Nilsine Partners LLC’s holdings in ExxonMobil were worth $11,415,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of ExxonMobil by 2.0% during the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares during the last quarter. Norges Bank bought a new stake in ExxonMobil in the fourth quarter worth $7,625,063,000. Bank of New York Mellon Corp raised its stake in ExxonMobil by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares in the last quarter. Northern Trust Corp raised its stake in ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in ExxonMobil by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock valued at $4,102,708,000 after purchasing an additional 293,446 shares during the last quarter. 61.80% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on XOM. Mizuho dropped their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of ExxonMobil to a “hold” rating in a research report on Saturday. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. Finally, HSBC set a $158.00 price objective on ExxonMobil in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
- Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
- Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
- Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
- Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
- Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?
ExxonMobil Stock Performance
ExxonMobil stock opened at $159.53 on Friday. 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 capitalization of $661.24 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18. ExxonMobil Corporation has a 1-year low of $108.35 and a 1-year high of $176.41. The company’s 50-day moving average is $152.97 and its 200 day moving average is $152.25.
ExxonMobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the firm earned $1.64 EPS. Research analysts forecast that ExxonMobil Corporation will post 11.98 EPS for the current year.
ExxonMobil Dividend Announcement
The firm also recently disclosed 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 is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s payout ratio is presently 53.02%.
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.
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