Tidal Investments LLC Has $176.43 Million Stock Holdings in ExxonMobil Corporation $XOM

Tidal Investments LLC reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 28.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,290,415 shares of the oil and gas company’s stock after selling 503,892 shares during the quarter. Tidal Investments LLC’s holdings in ExxonMobil were worth $176,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Eagle Capital Management LLC increased its holdings in ExxonMobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP bought a new stake in shares of ExxonMobil in the 1st quarter valued at about $305,000. Sivia Capital Partners LLC increased its stake in shares of ExxonMobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares during the period. United Bank increased its stake in shares of ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after buying an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. raised its position in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after acquiring an additional 5,443 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Up 2.3%

Shares of NYSE:XOM opened at $164.41 on Thursday. 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 Corporation has a 52-week low of $110.39 and a 52-week high of $176.41. The business’s 50 day simple moving average is $154.49 and its two-hundred day simple moving average is $152.54. The firm has a market cap of $681.48 billion, a P/E ratio of 21.16, a PEG ratio of 0.98 and a beta of 0.18.

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 firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, research analysts forecast that ExxonMobil Corporation will post 11.98 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wells Fargo & Company restated an “overweight” rating and set a $182.00 price target on shares of ExxonMobil in a report on Monday, August 3rd. Barclays lowered their target price on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Wall Street Zen upgraded ExxonMobil to a “hold” rating in a report on Saturday, September 5th. Morgan Stanley boosted their price objective on ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Finally, TD Cowen lifted their target price on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $167.45.

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.