Wellington Altus USA Inc. Sells 3,104 Shares of ExxonMobil Corporation $XOM

Wellington Altus USA Inc. reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 44.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,829 shares of the oil and gas company’s stock after selling 3,104 shares during the quarter. Wellington Altus USA Inc.’s holdings in ExxonMobil were worth $524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Anchor Investment Management LLC raised its holdings in ExxonMobil by 6.8% during the second quarter. Anchor Investment Management LLC now owns 89,385 shares of the oil and gas company’s stock worth $12,221,000 after acquiring an additional 5,705 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in ExxonMobil during the second quarter valued at approximately $83,000. Talon Private Wealth LLC grew its stake in ExxonMobil by 30.6% in the second quarter. Talon Private Wealth LLC now owns 23,194 shares of the oil and gas company’s stock valued at $3,171,000 after purchasing an additional 5,440 shares in the last quarter. Rench Wealth Management Inc. grew its stake in ExxonMobil by 0.6% in the second quarter. Rench Wealth Management Inc. now owns 51,586 shares of the oil and gas company’s stock valued at $7,053,000 after purchasing an additional 323 shares in the last quarter. Finally, Miramontes Capital LLC increased its position in shares of ExxonMobil by 9.2% during the 2nd quarter. Miramontes Capital LLC now owns 16,917 shares of the oil and gas company’s stock worth $2,313,000 after purchasing an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Mizuho dropped their price target 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. Barclays cut their price target on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $182.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.45.

ExxonMobil Stock Performance

Shares of XOM stock traded down $0.05 during trading on Thursday, reaching $163.27. 10,961,295 shares of the company’s stock were exchanged, compared to its average volume of 18,547,426. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $676.75 billion, a PE ratio of 21.01, a PEG ratio of 1.04 and a beta of 0.18. ExxonMobil Corporation has a twelve month low of $110.39 and a twelve month high of $176.41. The firm’s fifty day moving average price is $157.20 and its 200-day moving average price is $153.13.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results 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). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. 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. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.93 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strong crude prices, with WTI near $100 per barrel, could support ExxonMobil’s upstream earnings. The company’s low-cost Permian and Guyana production, along with efficiency gains from drilling technology and artificial intelligence, provide potential margin support. Can Strong Oil Prices Drive ExxonMobil’s Business Growth?
• Positive Sentiment: ExxonMobil continues to expand advantaged production in Guyana and the Permian Basin, targeting approximately 5.5 million barrels of oil equivalent per day by 2030. A fifth Guyana FPSO is also nearing first oil, potentially reinforcing long-term volume growth. Will ExxonMobil’s Guyana & Permian Assets Power Its Upstream Business?
• Positive Sentiment: ExxonMobil is reportedly nearing a preliminary agreement to return to Venezuela’s oil sector, potentially gaining access to major heavy-oil resources in the Orinoco Belt. The opportunity could add substantial long-term reserves, although the agreement remains preliminary and carries political and execution risks. Exxon advances talks to return to Venezuela’s Orinoco Belt
• Positive Sentiment: The company’s expanded LNG ambitions and lower-carbon investments, including carbon capture, could create additional growth avenues. ExxonMobil expects new businesses to eventually generate meaningful earnings, while Texas approval of its Rose carbon-capture project removes a regulatory obstacle. ExxonMobil’s Stock: Carbon Capture Could Fuel Its Next Growth Wave
• Neutral Sentiment: ExxonMobil said floodwater overwhelmed a pump at its 275,000-barrel-per-day Joliet, Illinois, refinery. The disruption could tighten regional fuel supplies and support product prices, but it may also reduce refinery throughput and create repair costs. Exxon Mobil says floodwater overwhelmed pump at Joliet refinery
• Negative Sentiment: ExxonMobil’s latest energy outlook raised its 2050 emissions forecast and predicted a slower decline in coal use. The outlook may increase reputational and regulatory pressure on the company as investors focus on decarbonization. Exxon raises 2050 global emissions forecast
• Negative Sentiment: Oil futures’ backwardation and concerns about demand destruction and rising non-OPEC supply suggest that crude prices could weaken, posing a risk to ExxonMobil’s earnings and valuation despite current price strength. The Fed’s Rate Hike Could Backfire If Oil Prices Collapse

About ExxonMobil

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.