42,868 Shares in ExxonMobil Corporation $XOM Bought by Old Mission Investment Co LLC

Old Mission Investment Co LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,868 shares of the oil and gas company’s stock, valued at approximately $5,861,000. ExxonMobil comprises about 1.2% of Old Mission Investment Co LLC’s portfolio, making the stock its 16th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in ExxonMobil during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of 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 acquiring an additional 187 shares during the last quarter. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the 2nd quarter valued at $27,000. Keewaydin Investments LLC bought a new position in shares of ExxonMobil during the 4th quarter valued at $33,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil during the 1st quarter valued at $36,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
• Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
• Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
• Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
• Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Weiss Ratings raised shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and raised their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Morgan Stanley lifted their price objective on ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Piper Sandler boosted their target price on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group set a $168.00 target price on ExxonMobil in a report on Friday, August 7th. Ten 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, ExxonMobil has a consensus rating of “Hold” and a consensus price target of $167.45.

ExxonMobil Trading Down 1.7%

NYSE:XOM opened at $159.53 on Friday. The firm has a market capitalization of $661.24 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.00 and a beta of 0.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $152.97 and a 200 day moving average of $152.25. ExxonMobil Corporation has a 52 week low of $108.35 and a 52 week high of $176.41.

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 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 during the quarter, compared to the consensus estimate of $109.94 billion. During the same period last year, the business earned $1.64 EPS. On average, research analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil Company 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.