CX Institutional Cuts Stock Holdings in ExxonMobil Corporation $XOM

CX Institutional lowered its holdings in ExxonMobil Corporation (NYSE:XOM) by 14.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,197 shares of the oil and gas company’s stock after selling 11,353 shares during the quarter. CX Institutional’s holdings in ExxonMobil were worth $9,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Impact Partnership Wealth LLC raised its stake in ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after buying an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance raised its position in shares of ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 68 shares in the last quarter. Core Wealth Advisors Inc. raised its position in shares of ExxonMobil by 1.0% in the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after acquiring an additional 68 shares in the last quarter. ICW Investment Advisors LLC lifted its stake in shares of ExxonMobil by 0.3% during the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after purchasing an additional 69 shares during the last quarter. Finally, Swisher Financial Concepts Inc. boosted its position in ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after purchasing an additional 69 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Piper Sandler began coverage on shares of ExxonMobil in a research note on Thursday, July 23rd. They set a “neutral” rating and a $158.00 price objective for the company. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. HSBC set a $158.00 target price on shares of ExxonMobil in a research note on Monday. Finally, Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and an average target price of $163.30.

ExxonMobil Trading Down 0.2%

Shares of NYSE:XOM opened at $155.19 on Tuesday. 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 Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. The business has a 50-day moving average price of $145.67 and a 200-day moving average price of $148.98. The stock has a market cap of $643.24 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 0.64 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data 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 net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same period last year, the company earned $1.64 earnings per share. Equities analysts predict that ExxonMobil Corporation will post 11.36 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio is currently 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reportedly generated approximately $14.5 billion in second-quarter profit, while upstream production reached its highest level in more than 20 years. Record Permian output and solid refining performance reinforce the company’s operational momentum. ExxonMobil Posts US$14.5 Billion Q2 Profit As Production Hits 20 Year High
• Positive Sentiment: Higher crude prices, driven partly by disrupted petroleum shipments during the US-Iran conflict, boosted industry profitability and provided a favorable backdrop for ExxonMobil’s upstream business. Major Oil Companies Reap Profits As US-Iran Fighting Drives Energy Prices Higher
• Positive Sentiment: Investors continue to view ExxonMobil as a capital-return candidate because of strong free cash flow, disciplined spending and a long record of reliable dividend payments. ExxonMobil: A Capital Return Play Amid Soaring FCF
• Neutral Sentiment: Although headline earnings were strong, ExxonMobil’s reported quarterly EPS of $3.52 was slightly below the $3.56 consensus estimate. Revenue exceeded expectations, making the detailed operating metrics and outlook important for judging the durability of the results. Exxon Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: President Trump criticized ExxonMobil and Chevron for earning “too much money” from elevated oil prices. The comments raise concerns about possible political pressure, windfall-profit measures or other actions that could affect industry margins. Trump Says Exxon and Chevron Made Too Much Money Off High Oil Prices

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.