Saudi Central Bank Purchases 135,300 Shares of ExxonMobil Corporation $XOM

Saudi Central Bank increased its position in ExxonMobil Corporation (NYSE:XOM) by 86.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 290,960 shares of the oil and gas company’s stock after acquiring an additional 135,300 shares during the quarter. Saudi Central Bank’s holdings in ExxonMobil were worth $39,780,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Fortitude Advisory Group L.L.C. boosted its position in ExxonMobil by 19.4% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 3,242 shares of the oil and gas company’s stock worth $443,000 after buying an additional 526 shares during the period. Angeles Wealth Management LLC grew its holdings in ExxonMobil by 0.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 31,610 shares of the oil and gas company’s stock worth $4,322,000 after acquiring an additional 80 shares during the last quarter. Highland Financial Advisors LLC increased its position in ExxonMobil by 10.5% in the 2nd quarter. Highland Financial Advisors LLC now owns 6,117 shares of the oil and gas company’s stock valued at $836,000 after acquiring an additional 581 shares during the period. Unique Wealth LLC increased its position in ExxonMobil by 57.2% in the 2nd quarter. Unique Wealth LLC now owns 5,748 shares of the oil and gas company’s stock valued at $786,000 after acquiring an additional 2,092 shares during the period. Finally, Noble Wealth Partners LLC bought a new position in shares of ExxonMobil during the second quarter valued at $278,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. DZ Bank cut shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research note on Tuesday, August 4th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Sanford C. Bernstein reduced their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Finally, UBS Group set a $168.00 price target on ExxonMobil in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.45.

ExxonMobil Stock Performance

Shares of XOM stock opened at $159.53 on Friday. 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 $108.35 and a 52 week high of $176.41. The firm has a 50 day moving average of $152.97 and a 200-day moving average of $152.25. The company has a market cap of $661.24 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last issued its 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). The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the company earned $1.64 earnings per share. On average, equities analysts forecast that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

ExxonMobil News Summary

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?

About ExxonMobil

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.