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

Anchor Investment Management LLC boosted its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,385 shares of the oil and gas company’s stock after acquiring an additional 5,705 shares during the period. ExxonMobil makes up approximately 0.9% of Anchor Investment Management LLC’s investment portfolio, making the stock its 27th largest holding. Anchor Investment Management LLC’s holdings in ExxonMobil were worth $12,221,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after acquiring an additional 37,666 shares in the last quarter. Charles Schwab Trust Co lifted its stake in ExxonMobil by 392.9% in the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after acquiring an additional 97,424 shares during the last quarter. CV Advisors LLC grew its holdings in ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after purchasing an additional 6,478 shares during the period. Midwest Trust Co increased its holdings in shares of ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after acquiring an additional 26,411 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after purchasing an additional 38,492 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Up 2.5%

XOM stock traded up $4.20 during midday trading on Tuesday, hitting $169.28. The stock had a trading volume of 12,319,591 shares, compared to its average volume of 18,619,729. The firm has a market cap of $701.65 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 1.02 and a beta of 0.18. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average price of $156.21 and a two-hundred day moving average price of $152.89. ExxonMobil Corporation has a 1-year low of $110.39 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last released its earnings results 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). 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 in the prior year, the business earned $1.64 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.93 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

Key Stories Impacting ExxonMobil

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XOM. Wells Fargo & Company reiterated an “overweight” rating and set a $182.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. TD Cowen increased their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. HSBC set a $158.00 target price on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, Piper Sandler lifted their price target on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $167.45.

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.