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

Empirical Finance LLC increased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,210 shares of the oil and gas company’s stock after acquiring an additional 4,829 shares during the period. ExxonMobil comprises about 0.9% of Empirical Finance LLC’s portfolio, making the stock its 18th biggest position. Empirical Finance LLC’s holdings in ExxonMobil were worth $21,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its position 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 during the period. Charles Schwab Trust Co grew its stake in shares of 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 worth $16,710,000 after purchasing an additional 97,424 shares during the last quarter. CV Advisors LLC raised its position in ExxonMobil by 126.7% during the 2nd 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 last quarter. Midwest Trust Co lifted its holdings in 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 buying an additional 26,411 shares during the period. Finally, King Luther Capital Management Corp grew its position in shares of ExxonMobil by 2.4% in the 4th 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 buying an additional 38,492 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. Piper Sandler raised their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. HSBC set a $158.00 target price on ExxonMobil in a research report on Monday, August 3rd. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Finally, Barclays cut their price target on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $167.45.

More ExxonMobil News

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 Up 0.8%

NYSE:XOM traded up $1.29 on Tuesday, hitting $160.76. The stock had a trading volume of 12,603,794 shares, compared to its average volume of 18,769,414. 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 52 week low of $110.39 and a 52 week high of $176.41. The business’s fifty day moving average is $153.44 and its 200 day moving average is $152.37. The company has a market cap of $666.36 billion, a PE ratio of 20.69, a P/E/G ratio of 0.97 and a beta of 0.18.

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

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 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.