ExxonMobil Corporation $XOM Stock Position Raised by GQG Partners LLC

GQG Partners LLC grew its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 153.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,877,523 shares of the oil and gas company’s stock after buying an additional 10,214,420 shares during the quarter. ExxonMobil accounts for about 4.3% of GQG Partners LLC’s investment portfolio, making the stock its 5th largest holding. GQG Partners LLC owned about 0.41% of ExxonMobil worth $2,307,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in XOM. Pinnacle West Asset Management Inc. bought a new stake in shares of ExxonMobil in the second quarter worth $2,547,000. Thoroughbred Financial Services LLC boosted its stake in ExxonMobil by 5.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 60,671 shares of the oil and gas company’s stock valued at $8,295,000 after acquiring an additional 3,144 shares during the last quarter. Ninepoint Partners LP bought a new position in ExxonMobil during the 2nd quarter valued at $478,000. Jupiter Wealth Management LLC acquired a new position in ExxonMobil during the 2nd quarter worth $889,000. Finally, Bradley & Co. Private Wealth Management LLC grew its holdings in ExxonMobil by 704.9% during the 2nd quarter. Bradley & Co. Private Wealth Management LLC now owns 491 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 430 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.6%

Shares of NYSE:XOM opened at $165.18 on Friday. The stock has a market capitalization of $684.66 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17. ExxonMobil Corporation has a 1-year low of $108.35 and a 1-year high of $176.41. The company’s fifty day moving average is $148.58 and its two-hundred day moving average is $151.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

ExxonMobil (NYSE:XOM) last posted its quarterly 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 net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the firm posted $1.64 earnings per share. Equities analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising oil prices are the clearest near-term catalyst. Brent crude recently moved above $93–$95 per barrel amid Strait of Hormuz disruption, geopolitical tensions and declining Russian exports, improving the outlook for ExxonMobil’s upstream cash flow and shareholder returns. Exxon Jumps 2% as Brent Crude Breaks Above $93
• Positive Sentiment: Analysts continue to point to ExxonMobil’s advantaged Guyana and Permian production, cost savings and expected volume growth as supports for earnings and free cash flow. These low-cost assets should provide particularly strong operating leverage if oil remains above $80. Cost Savings and Production Growth Strengthen ExxonMobil’s Outlook
• Positive Sentiment: A 20-year infrastructure agreement with Targa Resources across the Permian’s Delaware and Midland basins should improve long-term processing and takeaway capacity for ExxonMobil, helping support production growth through 2046. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: ExxonMobil is advancing growth projects, including a Nigerian deepwater campaign expected to add up to 40,000 barrels per day at the Usan field and contractor work for Rovuma LNG pipelines. Successful execution could diversify and expand future production.
• Neutral Sentiment: ExxonMobil is being highlighted as a long-term momentum and dividend investment, reflecting its scale, cash-return capacity and recent energy-sector strength. These are supportive investor themes but do not represent new company-specific developments. Why Exxon Mobil Holdings Is a Top Momentum Stock
• Negative Sentiment: A German regulator reportedly found a carbon-credit project backed by an ExxonMobil unit suspicious, creating reputational and potential regulatory risk for the company’s lower-carbon initiatives. ExxonMobil-Backed Carbon Credits Project Found Suspicious
• Negative Sentiment: ExxonMobil has warned that Kazakhstan’s leading oil field could reach peak production within several years, highlighting depletion and geopolitical risks that may weigh on longer-term growth.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research note on Tuesday, August 4th. Barclays lowered their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Mizuho cut their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Finally, TD Cowen increased their target price on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $166.10.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.