TD Waterhouse Canada Inc. Sells 11,066 Shares of ExxonMobil Corporation $XOM

TD Waterhouse Canada Inc. reduced its holdings in ExxonMobil Corporation (NYSE:XOM) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 949,021 shares of the oil and gas company’s stock after selling 11,066 shares during the period. TD Waterhouse Canada Inc.’s holdings in ExxonMobil were worth $129,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in ExxonMobil during the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in ExxonMobil by 456.1% in 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 during the last quarter. Aventus Investment Advisors Inc. acquired a new stake in ExxonMobil in the 2nd quarter worth $27,000. Keewaydin Investments LLC bought a new position in shares of ExxonMobil during the 4th quarter worth about $33,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil during the 1st quarter worth about $36,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Dividend support remains a key attraction. ExxonMobil is reportedly positioned to raise its dividend for a 44th consecutive year. Second-quarter free cash flow exceeded dividend payments by nearly $13 billion, providing substantial coverage and supporting the stock’s appeal to income investors. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Long-term cash-flow prospects are encouraging. ExxonMobil says free cash flow could potentially double by 2030, while analysts and financial publications continue to view XOM as a strong value and long-term-return candidate. Its low debt levels and scale add to the investment case. Exxon’s Dividend Looks Safe Today—But What If Oil Prices Tumble?
• Positive Sentiment: Potential Venezuelan oil opportunities could benefit supermajors. U.S. efforts to open Venezuelan oil rights, amid broader supply concerns, may create opportunities for ExxonMobil to expand resources or production, although the company-specific benefits remain uncertain. Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
• Neutral Sentiment: AI investments may improve efficiency. ExxonMobil is among major oil companies deploying artificial intelligence to reduce downtime, improve drilling decisions and enhance asset performance. These initiatives could support margins over time, but the financial impact is not yet quantified. 4 Oil & Gas Majors Using AI to Boost Efficiency and Execution
• Negative Sentiment: A sharp oil-price decline remains the principal risk. Coverage notes that ExxonMobil maintained or increased its dividend even when crude briefly fell below $58 per barrel, but a prolonged downturn could reduce upstream earnings and free cash flow, challenging dividend growth despite the company’s current coverage. Exxon’s Dividend Looks Safe Today—But What If Oil Prices Tumble?

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XOM shares. Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their target price for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. HSBC set a $158.00 price target on ExxonMobil in a research note on Monday, August 3rd. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. TD Cowen raised their price objective on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.45.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $162.28 on Friday. The firm has a market cap of $672.64 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.18. The firm’s 50-day simple moving average is $152.51 and its 200-day simple moving average is $152.20. ExxonMobil Corporation has a twelve month low of $108.35 and a twelve month 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 (NYSE:XOM) last posted its quarterly 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 during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period last year, the company earned $1.64 EPS. As a group, research analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil’s dividend 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.