ExxonMobil Corporation $XOM Shares Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC grew its holdings in ExxonMobil Corporation (NYSE:XOM) by 2.4% during the 2nd quarter, Holdings Channel reports. The fund owned 166,116 shares of the oil and gas company’s stock after purchasing an additional 3,955 shares during the period. ExxonMobil makes up about 1.6% of Van Hulzen Asset Management LLC’s holdings, making the stock its 17th largest holding. Van Hulzen Asset Management LLC’s holdings in ExxonMobil were worth $22,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC lifted its position in shares of ExxonMobil by 18.7% in the second quarter. MCF Advisors LLC now owns 33,169 shares of the oil and gas company’s stock valued at $4,535,000 after acquiring an additional 5,232 shares in the last quarter. National Pension Service lifted its stake in ExxonMobil by 1.8% during the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after purchasing an additional 166,268 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of ExxonMobil by 28.0% during the second quarter. Engineers Gate Manager LP now owns 3,000 shares of the oil and gas company’s stock worth $410,000 after purchasing an additional 657 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in ExxonMobil by 0.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 53,545 shares of the oil and gas company’s stock worth $7,321,000 after purchasing an additional 317 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its position in shares of ExxonMobil by 1.8% in the 2nd quarter. Summit Financial Strategies Inc. now owns 12,482 shares of the oil and gas company’s stock valued at $1,707,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 2.3%

NYSE:XOM opened at $164.41 on Thursday. The firm has a market capitalization of $681.48 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18. 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 $110.39 and a 12 month high of $176.41. The business’s 50-day moving average is $154.49 and its two-hundred day moving average is $152.54.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data 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). The firm had revenue of $114.53 billion during 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 previous year, the company earned $1.64 earnings per share. Research analysts predict that ExxonMobil Corporation will post 11.98 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: New Angola oil discovery: ExxonMobil, Angola’s National Oil, Gas and Biofuels Agency and Block 15 partners announced an oil discovery at the Vicango Este-01 exploration well. The discovery—reported as the 20th in Block 15—could strengthen ExxonMobil’s long-term production pipeline, although its eventual financial contribution depends on appraisal and development. Angola offshore discovery article
• Positive Sentiment: Oil-price tailwind: Brent crude moved above $100 a barrel and West Texas Intermediate surpassed $95 as Middle East tensions increased supply-risk concerns. Higher crude prices generally support ExxonMobil’s upstream earnings and cash flow, helping explain the stock’s advance. Energy ETFs and oil prices article
• Positive Sentiment: Portfolio and balance-sheet support: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies, while its Pioneer subsidiary launched cash tender offers for $2.1 billion of senior notes. The transactions may improve portfolio control and optimize debt, reinforcing the company’s financial flexibility. Papua LNG operatorship article
• Neutral Sentiment: Investor presentation and valuation: ExxonMobil’s Barclays energy conference presentation highlighted its operating strategy and exposure to favorable oil prices. Commentary noted that the stock has gained substantially this year and could approach $200 if crude prices and earnings remain strong, but that outcome is highly dependent on external commodity markets. ExxonMobil oil prices and $200 outlook
• Negative Sentiment: Key risks remain: Analysts and commentators warned that the recent rally may rely heavily on a temporary “war premium” in crude prices. ExxonMobil also faces ongoing uncertainty around Kazakhstan’s Kashagan environmental dispute and potential political risk in Venezuela. Kashagan dispute article

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Mizuho dropped their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. TD Cowen upped their price target on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $167.45.

ExxonMobil 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.