Doliver Advisors LP Sells 5,419 Shares of ExxonMobil Corporation $XOM

Doliver Advisors LP cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047,445 shares of the oil and gas company’s stock after selling 5,419 shares during the period. ExxonMobil comprises about 36.8% of Doliver Advisors LP’s investment portfolio, making the stock its biggest holding. Doliver Advisors LP’s holdings in ExxonMobil were worth $170,472,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. GQG Partners LLC boosted its stake in shares of ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after buying an additional 10,214,420 shares during the last quarter. Quantum Portfolio Management LLC acquired a new stake in ExxonMobil in the first quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership bought a new position in ExxonMobil during the 1st quarter valued at $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ExxonMobil by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after acquiring an additional 2,465,410 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its position in shares of ExxonMobil by 17,312.4% in the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock worth $370,514,000 after purchasing an additional 2,171,322 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

XOM stock traded up $1.05 during midday trading on Thursday, reaching $163.80. The company had a trading volume of 11,702,738 shares, compared to its average volume of 18,361,355. The firm has a market capitalization of $678.93 billion, a PE ratio of 21.08, a P/E/G ratio of 0.98 and a beta of 0.18. The stock has a 50 day moving average price of $160.33 and a 200 day moving average price of $153.84. ExxonMobil Corporation has a fifty-two week low of $110.39 and a fifty-two week high of $176.41. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last announced 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period last year, the business posted $1.64 EPS. Analysts anticipate that ExxonMobil Corporation will post 12.01 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s payout ratio is 53.02%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s low-cost Guyana and Permian Basin assets, expected production growth and cost reductions are viewed as supporting long-term earnings, cash flow and shareholder returns. ExxonMobil’s Advantageous Upstream Assets to Fuel Long-Term Growth
• Positive Sentiment: Surging diesel prices and constrained refined-fuel supplies could improve ExxonMobil’s refining margins, particularly while fuel markets remain tight. A 10-week shutdown at the United Kingdom’s largest refinery reinforces the supply-constrained backdrop. Diesel Prices Are Surging and ExxonMobil Stock Could Benefit
• Positive Sentiment: Potential crude-supply agreements with Vietnam could expand ExxonMobil’s exposure to crude, liquefied natural gas and liquefied petroleum gas opportunities in a growing Asian market. Chevron & ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Positive Sentiment: ExxonMobil selected SLB’s OneSubsea venture to provide subsea systems for the first phase of its major Rovuma LNG project in Mozambique, advancing a potentially significant future growth project. ExxonMobil Taps SLB Venture for Giant African LNG Project
• Positive Sentiment: ExxonMobil and other companies defeated a consumer lawsuit alleging misleading plastic-recycling claims, removing a potential legal overhang. Exxon, Others Defeat Consumer Lawsuit Over Plastic Recycling Claims
• Neutral Sentiment: Wells Fargo reaffirmed its Equal Weight rating but raised or maintained a $182 price target, implying additional upside from recent trading levels. The unchanged rating suggests analysts see a balanced risk-reward profile. Thursday’s Top Wall Street Analyst Research Calls
• Neutral Sentiment: Refiners such as Marathon Petroleum and Valero have recently outperformed integrated majors, indicating that current investor enthusiasm is focused more on fuel margins than ExxonMobil’s diversified business. Refiners Outrun Integrated Majors
• Negative Sentiment: ExxonMobil is reportedly among companies facing a potential $5.2 billion Kazakhstan fine, creating an unresolved legal and financial risk that could weigh on sentiment. Market Chatter: Shell, TotalEnergies, ExxonMobil Face Kazakhstan Fine

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. Piper Sandler lifted their price target on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Jefferies Financial Group increased their target price on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Mizuho lowered their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Finally, BMO Capital Markets raised their price objective on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $164.78.

ExxonMobil Profile

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.