Paller Financial Services Inc Reduces Stock Position in ExxonMobil Corporation $XOM

Paller Financial Services Inc lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 71.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,436 shares of the oil and gas company’s stock after selling 6,022 shares during the quarter. Paller Financial Services Inc’s holdings in ExxonMobil were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the fourth quarter worth about $26,000. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil during the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 187 shares during the period. Key Capital Management INC acquired a new stake in ExxonMobil during the fourth quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil during the fourth quarter worth approximately $32,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

NYSE:XOM opened at $151.53 on Thursday. The company has a market cap of $628.08 billion, a P/E ratio of 19.50, a P/E/G ratio of 0.62 and a beta of 0.17. The firm’s 50 day moving average is $145.82 and its two-hundred day moving average is $149.30. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two 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.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data 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 analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the firm earned $1.64 earnings per share. Analysts expect that ExxonMobil Corporation will post 11.54 EPS for the current year.

ExxonMobil Dividend Announcement

The company 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 dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Jefferies Financial Group raised their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. UBS Group lifted their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Barclays upped their target price on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, TD Cowen decreased their price target on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Ten equities research 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, ExxonMobil presently has a consensus rating of “Hold” and an average price target of $162.95.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s second-quarter results highlighted strong production, higher oil prices, record refining margins and a solid balance sheet. Analysts say these factors support the company’s longer-term outlook, while one valuation review estimates the shares could be about 9% undervalued. Zacks Analyst Blog Highlights ExxonMobil, Chevron and BP ExxonMobil Could Be 9% Undervalued
• Positive Sentiment: Supply disruptions linked to the Middle East conflict have tightened global fuel markets and driven refining margins higher, benefiting ExxonMobil’s downstream operations. The company also selected Sercel’s Marlin software to coordinate pipe-laying and mooring work at its Whiptail project in Guyana, supporting execution of a key growth asset. Middle East War Triggers New Global Refining Boom ExxonMobil Selects Sercel’s Marlin Software Suite
• Neutral Sentiment: Analyst sentiment remains mixed. Freedom Capital raised XOM from “strong sell” to “hold,” while DZ Bank lowered its rating from “buy” to “hold” but maintained a $156 price target, indicating limited near-term upside.
• Negative Sentiment: President Donald Trump criticized ExxonMobil and Chevron for earning “too much money” and urged them to lower gasoline prices. Although the comments do not immediately change earnings, they raise political and regulatory risks and could pressure margins if the company responds with price reductions. Trump Pressures Exxon and Chevron to Lower Gas Prices
• Negative Sentiment: ExxonMobil narrowly missed second-quarter EPS expectations, reporting $3.52 versus the $3.56 consensus. The earnings shortfall may be weighing on the stock despite revenue exceeding estimates and profits improving substantially from the prior year.

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.