Pathway Financial Advisors LLC Has $875,000 Holdings in ExxonMobil Corporation $XOM

Pathway Financial Advisors LLC increased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 117.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,381 shares of the oil and gas company’s stock after acquiring an additional 3,443 shares during the quarter. Pathway Financial Advisors LLC’s holdings in ExxonMobil were worth $875,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Moulton Wealth Management Inc. boosted its stake in ExxonMobil by 0.7% in the second quarter. Moulton Wealth Management Inc. now owns 13,609 shares of the oil and gas company’s stock valued at $1,861,000 after buying an additional 92 shares in the last quarter. Howard Financial Services LTD. raised its stake in ExxonMobil by 5.9% during the second quarter. Howard Financial Services LTD. now owns 21,313 shares of the oil and gas company’s stock worth $2,914,000 after acquiring an additional 1,178 shares in the last quarter. jvl associates llc lifted its holdings in shares of ExxonMobil by 38.8% in the second quarter. jvl associates llc now owns 2,789 shares of the oil and gas company’s stock worth $381,000 after acquiring an additional 780 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of ExxonMobil by 4.7% in the 2nd quarter. Bangor Savings Bank now owns 39,625 shares of the oil and gas company’s stock valued at $5,418,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Hobart Private Capital LLC boosted its stake in shares of ExxonMobil by 7.6% in the 2nd quarter. Hobart Private Capital LLC now owns 4,349 shares of the oil and gas company’s stock valued at $595,000 after purchasing an additional 308 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Piper Sandler began coverage on shares of ExxonMobil in a research report on Thursday, July 23rd. They set a “neutral” rating and a $158.00 price objective for the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. HSBC set a $158.00 price target on shares of ExxonMobil in a report on Monday. Finally, Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $162.95.

ExxonMobil Price Performance

XOM stock opened at $154.06 on Wednesday. The company has a market capitalization of $638.56 billion, a P/E ratio of 19.83, a PEG ratio of 0.63 and a beta of 0.17. The company has a fifty day moving average price of $145.75 and a 200-day moving average price of $149.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data 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). The business had revenue of $114.53 billion during 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 firm earned $1.64 EPS. As a group, equities analysts expect that ExxonMobil Corporation will post 11.46 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported its best underlying quarterly profit in roughly four years, benefiting from higher oil prices, robust refining margins and favorable market disruptions tied to the Iran conflict. Exxon Posts Its Best Profit in Four Years
• Positive Sentiment: Second-quarter production reached its highest level in more than 20 years, with Permian Basin output setting a quarterly record. The production growth strengthens ExxonMobil’s ability to benefit from elevated energy prices. ExxonMobil Posts US$14.5 Billion Q2 Profit
• Positive Sentiment: Analysts highlighted ExxonMobil’s strong balance sheet, rising free cash flow and potential for shareholder returns, supporting the view that the company remains well positioned across upstream, refining and chemicals. ExxonMobil: A Capital Return Play Amid Soaring FCF
• Neutral Sentiment: ExxonMobil’s quarterly revenue exceeded expectations, but earnings per share narrowly missed consensus estimates. The mixed result may temper enthusiasm despite strong underlying operations. Should You Buy ExxonMobil Stock Despite Its Q2 Earnings Miss?
• Neutral Sentiment: DZ Bank reaffirmed its “hold” rating and assigned a $156 price target, suggesting limited near-term upside after XOM’s recent strength. DZ Bank Reaffirms ExxonMobil Hold Rating
• Negative Sentiment: President Donald Trump criticized ExxonMobil and Chevron for benefiting from higher oil and gasoline prices and urged them to reduce fuel prices. The comments raise concerns about potential political pressure, windfall-profit criticism or policy intervention. Trump Criticizes Exxon and Chevron Profits
• Negative Sentiment: Management said crude oil and gasoline prices have become disconnected, highlighting the risk that refining and fuel-market gains could weaken if supply disruptions ease or margins normalize. Exxon CEO Discusses Crude and Gasoline Prices

ExxonMobil 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.