Pinnacle West Asset Management Inc. Purchases New Holdings in ExxonMobil Corporation $XOM

Pinnacle West Asset Management Inc. purchased a new stake in ExxonMobil Corporation (NYSE:XOM) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 18,630 shares of the oil and gas company’s stock, valued at approximately $2,547,000. ExxonMobil makes up approximately 1.8% of Pinnacle West Asset Management Inc.’s holdings, making the stock its 21st biggest holding.

Several other large investors also recently bought and sold shares of XOM. Thoroughbred Financial Services LLC increased its stake in ExxonMobil by 5.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 60,671 shares of the oil and gas company’s stock worth $8,295,000 after buying an additional 3,144 shares in the last quarter. Ninepoint Partners LP purchased a new position in shares of ExxonMobil in the second quarter valued at approximately $478,000. Jupiter Wealth Management LLC acquired a new stake in shares of ExxonMobil in the second quarter worth approximately $889,000. Bradley & Co. Private Wealth Management LLC increased its position in shares of ExxonMobil by 704.9% during the second quarter. Bradley & Co. Private Wealth Management LLC now owns 491 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 430 shares in the last quarter. Finally, Essential Partners LLC raised its stake in ExxonMobil by 9.2% in the 2nd quarter. Essential Partners LLC now owns 1,303 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 110 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. HSBC set a $158.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Barclays reduced their target price on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Sanford C. Bernstein cut their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average target price of $166.10.

ExxonMobil Stock Down 0.6%

NYSE XOM opened at $165.18 on Friday. ExxonMobil Corporation has a 52 week low of $108.35 and a 52 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. The business’s fifty day simple moving average is $148.58 and its 200-day simple moving average is $151.38. The firm has a market cap of $684.66 billion, a PE ratio of 21.26, a P/E/G ratio of 0.65 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share 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 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 firm posted $1.64 EPS. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 2.5%. ExxonMobil’s dividend payout ratio is 53.02%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising oil prices are the clearest near-term catalyst. Brent crude recently moved above $93–$95 per barrel amid Strait of Hormuz disruption, geopolitical tensions and declining Russian exports, improving the outlook for ExxonMobil’s upstream cash flow and shareholder returns. Exxon Jumps 2% as Brent Crude Breaks Above $93
• Positive Sentiment: Analysts continue to point to ExxonMobil’s advantaged Guyana and Permian production, cost savings and expected volume growth as supports for earnings and free cash flow. These low-cost assets should provide particularly strong operating leverage if oil remains above $80. Cost Savings and Production Growth Strengthen ExxonMobil’s Outlook
• Positive Sentiment: A 20-year infrastructure agreement with Targa Resources across the Permian’s Delaware and Midland basins should improve long-term processing and takeaway capacity for ExxonMobil, helping support production growth through 2046. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: ExxonMobil is advancing growth projects, including a Nigerian deepwater campaign expected to add up to 40,000 barrels per day at the Usan field and contractor work for Rovuma LNG pipelines. Successful execution could diversify and expand future production.
• Neutral Sentiment: ExxonMobil is being highlighted as a long-term momentum and dividend investment, reflecting its scale, cash-return capacity and recent energy-sector strength. These are supportive investor themes but do not represent new company-specific developments. Why Exxon Mobil Holdings Is a Top Momentum Stock
• Negative Sentiment: A German regulator reportedly found a carbon-credit project backed by an ExxonMobil unit suspicious, creating reputational and potential regulatory risk for the company’s lower-carbon initiatives. ExxonMobil-Backed Carbon Credits Project Found Suspicious
• Negative Sentiment: ExxonMobil has warned that Kazakhstan’s leading oil field could reach peak production within several years, highlighting depletion and geopolitical risks that may weigh on longer-term growth.

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.