MCF Advisors LLC Has $4.54 Million Stock Position in ExxonMobil Corporation $XOM

MCF Advisors LLC boosted its position in shares of ExxonMobil Corporation (NYSE:XOM) by 18.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,169 shares of the oil and gas company’s stock after purchasing an additional 5,232 shares during the quarter. MCF Advisors LLC’s holdings in ExxonMobil were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in ExxonMobil by 14,136.6% in the second quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock valued at $95,185,508,000 after acquiring an additional 691,317,352 shares during the last quarter. Norges Bank bought a new stake in shares of ExxonMobil during the 4th quarter valued at $7,625,063,000. GQG Partners LLC raised its position in shares of ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the last quarter. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil in the 1st quarter valued at $965,932,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of ExxonMobil in the 1st quarter valued at $766,345,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Key ExxonMobil News

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

ExxonMobil Price Performance

XOM opened at $164.41 on Thursday. 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 Corporation has a 12 month low of $110.39 and a 12 month high of $176.41. The company has a fifty day simple moving average of $154.49 and a 200 day simple moving average of $152.54. The stock has a market cap of $681.48 billion, a P/E ratio of 21.16, a P/E/G ratio of 0.98 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analyst estimates 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 previous year, the business posted $1.64 EPS. On average, research analysts expect that ExxonMobil Corporation will post 11.98 EPS for the current year.

ExxonMobil Announces Dividend

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 dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Mizuho cut their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Citigroup restated a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Wells Fargo & Company restated an “overweight” rating and set a $182.00 target price on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, Barclays cut their price target on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, ExxonMobil presently has an average rating of “Hold” and a consensus price target 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.