Empirical Finance LLC Has $21.36 Million Stake in ExxonMobil Corporation $XOM

Empirical Finance LLC raised its stake in ExxonMobil Corporation (NYSE:XOM) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 156,210 shares of the oil and gas company’s stock after buying an additional 4,829 shares during the quarter. ExxonMobil comprises 0.9% of Empirical Finance LLC’s investment portfolio, making the stock its 18th largest position. Empirical Finance LLC’s holdings in ExxonMobil were worth $21,357,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System raised its position in ExxonMobil by 14,136.6% in the 2nd 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 buying an additional 691,317,352 shares during the last quarter. Bank of America Corp DE grew its stake in shares of ExxonMobil by 2.0% in the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock worth $9,043,836,000 after acquiring an additional 1,457,560 shares in the last quarter. Norges Bank purchased a new stake in shares of ExxonMobil in the fourth quarter valued at about $7,625,063,000. Bank of New York Mellon Corp raised its holdings in shares of ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Piper Sandler upped their target price on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Tuesday, August 4th. Finally, TD Cowen boosted their price objective on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.45.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil subsidiary Pioneer Natural Resources launched cash tender offers for up to $2.1 billion of senior notes: $1.1 billion of 1.900% notes due 2030 and $1 billion of 2.150% notes due 2031. The move could lower or optimize debt obligations and signals active balance-sheet management. The offers expire September 14, with pricing based on Treasury yields plus fixed spreads. ExxonMobil cash tender offer announcement
• Positive Sentiment: Analyst optimism remains a catalyst. Piper Sandler reportedly sees ExxonMobil moving toward new highs, supported by higher oil prices, solid earnings, and the stock’s strong year-to-date performance. Piper Sandler ExxonMobil outlook
• Positive Sentiment: Changes to the Papua LNG project improve its investment profile. TotalEnergies cut estimated project costs to about $14 billion, while ExxonMobil is set to become operator. Lower costs and greater operational control could support long-term production growth, although a final investment decision is still pending. Papua LNG cost reduction
• Neutral Sentiment: ExxonMobil’s 43-year dividend-growth record reinforces its appeal to income investors. However, coverage highlights that the streak nearly failed during the 2020 downturn, underscoring the dividend’s sensitivity to severe commodity-price shocks. ExxonMobil dividend history
• Negative Sentiment: Potential changes in Venezuela create uncertainty. Chevron’s expanded agreement could provide a model for ExxonMobil’s possible return, but Exxon’s leadership previously described the country as “uninvestable.” Political, regulatory, and execution risks could limit any near-term benefit. ExxonMobil and Venezuela outlook

ExxonMobil Stock Performance

NYSE XOM traded up $1.29 during trading hours on Tuesday, reaching $160.76. 12,603,794 shares of the company were exchanged, compared to its average volume of 18,769,414. The stock has a market capitalization of $666.36 billion, a P/E ratio of 20.69, a P/E/G ratio of 0.97 and a beta of 0.18. 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 1 year low of $110.39 and a 1 year high of $176.41. The business’s 50 day simple moving average is $153.44 and its 200-day simple moving average is $152.37.

ExxonMobil (NYSE:XOM) last released 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 net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, equities research analysts expect that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Announces Dividend

The company 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 $1.03 dividend. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is presently 53.02%.

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.