ExxonMobil Corporation $XOM Shares Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its holdings in ExxonMobil Corporation (NYSE:XOM) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 392,100 shares of the oil and gas company’s stock after buying an additional 4,210 shares during the period. ExxonMobil makes up about 1.0% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 21st largest position. Elevation Point Wealth Partners LLC’s holdings in ExxonMobil were worth $53,608,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in ExxonMobil during the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in ExxonMobil by 456.1% in 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 acquiring an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the second quarter valued at approximately $27,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of ExxonMobil during the fourth quarter valued at approximately $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

ExxonMobil stock opened at $165.18 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41. The company has a fifty day moving average price of $148.58 and a two-hundred day moving average price of $151.38. The company 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 issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the company posted $1.64 earnings per share. Research analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.5%. ExxonMobil’s dividend payout ratio is 53.02%.

ExxonMobil News Summary

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.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Piper Sandler initiated coverage on ExxonMobil in a research note on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price objective on shares of ExxonMobil in a research note on Tuesday, May 5th. Citigroup restated a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, Barclays reduced their target price on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average price target of $166.10.

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.