ExxonMobil Corporation $XOM Shares Acquired by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 205.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 225,964 shares of the oil and gas company’s stock after buying an additional 151,978 shares during the quarter. ExxonMobil accounts for approximately 4.9% of RPg Family Wealth Advisory LLC’s holdings, making the stock its largest holding. RPg Family Wealth Advisory LLC’s holdings in ExxonMobil were worth $30,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Headlands Technologies LLC boosted its holdings in ExxonMobil by 1,399.3% in the 2nd quarter. Headlands Technologies LLC now owns 19,866 shares of the oil and gas company’s stock worth $2,716,000 after acquiring an additional 18,541 shares during the period. Quantitative Investment Management LLC purchased a new stake in shares of ExxonMobil during the second quarter valued at approximately $16,870,000. Alyeska Investment Group L.P. purchased a new stake in shares of ExxonMobil during the second quarter valued at approximately $1,505,000. Flputnam Investment Management Co. lifted its position in shares of ExxonMobil by 30.5% during the second quarter. Flputnam Investment Management Co. now owns 114,111 shares of the oil and gas company’s stock worth $15,601,000 after purchasing an additional 26,643 shares in the last quarter. Finally, Davidson Investment Advisors lifted its position in shares of ExxonMobil by 32.0% during the second quarter. Davidson Investment Advisors now owns 1,601 shares of the oil and gas company’s stock worth $219,000 after purchasing an additional 388 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

ExxonMobil stock opened at $156.88 on Monday. 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 Corporation has a 12 month low of $108.35 and a 12 month high of $176.41. The company has a fifty day moving average price of $150.53 and a two-hundred day moving average price of $151.88. The company has a market cap of $650.26 billion, a PE ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the company posted $1.64 earnings per share. Research analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

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 paid a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is 53.02%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on XOM shares. Piper Sandler assumed coverage on shares of ExxonMobil in a report on Thursday, July 23rd. They set a “neutral” rating and a $158.00 price target for the company. UBS Group set a $168.00 price objective on shares of ExxonMobil in a report on Friday, August 7th. Sanford C. Bernstein dropped their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Barclays reduced their target price on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Finally, Mizuho decreased their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $166.10.

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.