Anchor Investment Management LLC Buys 5,705 Shares of ExxonMobil Corporation $XOM

Anchor Investment Management LLC grew its position in ExxonMobil Corporation (NYSE:XOM) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,385 shares of the oil and gas company’s stock after purchasing an additional 5,705 shares during the period. ExxonMobil comprises about 0.9% of Anchor Investment Management LLC’s portfolio, making the stock its 27th largest position. Anchor Investment Management LLC’s holdings in ExxonMobil were worth $12,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Avant Capital LLC raised its stake in shares of ExxonMobil by 0.6% during the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after purchasing an additional 65 shares during the period. Impact Partnership Wealth LLC boosted its holdings in ExxonMobil by 0.6% in the 1st 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 during the period. Cardinal Strategic Wealth Guidance boosted its holdings in 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 buying an additional 68 shares during the period. Core Wealth Advisors Inc. grew its stake in 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 valued at $1,155,000 after buying an additional 68 shares in the last quarter. Finally, ICW Investment Advisors LLC grew its stake in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after buying an additional 69 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil announced final pricing and results for cash tender offers covering Pioneer Natural Resources’ 2030 and 2031 senior notes. Holders tendered approximately $570.4 million of the 2030 notes and $615.6 million of the 2031 notes, or more than $1.18 billion in total. Retiring Pioneer debt supports post-acquisition integration and could reduce future interest obligations. ExxonMobil Announces Pricing Terms, Expiration and Results of its Cash Tender Offers
• Positive Sentiment: An ExxonMobil executive said U.S. LNG production could represent about 30% of global LNG supply by 2030, reinforcing expectations for long-term growth in the company’s gas and LNG portfolio. The comments helped improve sentiment toward ExxonMobil’s exposure to expanding U.S. export capacity. ExxonMobil Executive Sees U.S. Accounting for 30% of Global LNG Market by 2030
• Positive Sentiment: ExxonMobil awarded Wood a five-year, $200 million construction-services contract for brownfield work at the PNG LNG project. The work covers processing facilities, pipelines, well pads and flowlines, supporting continued development of the company’s international LNG assets. Wood Lands $200 Million Contract for ExxonMobil’s PNG LNG Project
• Neutral Sentiment: Strong global fuel cracks are benefiting U.S. refiners and may support ExxonMobil’s downstream margins, although the benefit is partly offset by disruptions at one of the company’s refineries. Global Fuel Squeeze Triggers U.S. Refiners Stocks Rally
• Negative Sentiment: ExxonMobil’s 264,000-barrel-per-day Joliet, Illinois, refinery experienced a power outage and was shut down. The incident could reduce near-term refining production and earnings, though tighter fuel supplies may support regional margins. ExxonMobil’s Joliet Refinery Reports Upset Due to Power Outage
• Negative Sentiment: The Baytown refinery reportedly released more than 54,000 pounds of unauthorized air pollution, creating potential regulatory, remediation and reputational costs. ExxonMobil Releases More Than 54,000 Pounds of Unauthorized Air Pollution at Baytown Refinery

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XOM. TD Cowen increased their target price on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays decreased their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Wall Street Zen raised ExxonMobil to a “hold” rating in a report on Saturday, September 5th. Finally, DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil has a consensus rating of “Hold” and an average price target of $167.45.

ExxonMobil Trading Up 2.5%

ExxonMobil stock traded up $4.20 during mid-day trading on Tuesday, hitting $169.28. The company’s stock had a trading volume of 12,319,591 shares, compared to its average volume of 18,619,729. ExxonMobil Corporation has a 12 month low of $110.39 and a 12 month high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The business has a 50 day moving average price of $156.21 and a 200-day moving average price of $152.89. The stock has a market cap of $701.65 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.02 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last posted its quarterly 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 quarter in the previous year, the business earned $1.64 earnings per share. As a group, analysts forecast that ExxonMobil Corporation will post 11.93 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio is currently 53.02%.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.