ExxonMobil Corporation $XOM Stake Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in ExxonMobil Corporation (NYSE:XOM) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,635,894 shares of the oil and gas company’s stock after selling 706,761 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of ExxonMobil worth $633,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of XOM. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the second quarter worth approximately $27,000. Portus Wealth Advisors LLC purchased a new position in ExxonMobil during the first quarter valued at approximately $36,000. Atlantic Private Wealth LLC grew its position in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares in the last quarter. Keewaydin Investments LLC acquired a new position in ExxonMobil in the 4th quarter valued at approximately $33,000. Finally, Hyposwiss Advisors SA acquired a new position in ExxonMobil in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 1.5%

NYSE XOM traded up $2.45 during trading on Wednesday, reaching $161.16. The company’s stock had a trading volume of 12,567,237 shares, compared to its average volume of 18,580,574. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $668.00 billion, a PE ratio of 20.74, a PEG ratio of 0.97 and a beta of 0.18. ExxonMobil Corporation has a 1-year low of $110.39 and a 1-year high of $176.41. The business has a 50-day moving average price of $158.76 and a 200-day moving average price of $153.38.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company earned $1.64 EPS. On average, research analysts forecast that ExxonMobil Corporation will post 11.93 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s dividend payout ratio is presently 53.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. Mizuho decreased their target price 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 raised shares of ExxonMobil to a “hold” rating in a research note on Saturday, September 5th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $182.00 price objective on shares of ExxonMobil in a report on Monday, August 3rd. Finally, Barclays reduced their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $167.45.

Key Stories Impacting 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.

About ExxonMobil

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.