Wellington Altus USA Inc. Has $524,000 Stake in ExxonMobil Corporation $XOM

Wellington Altus USA Inc. trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 44.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,829 shares of the oil and gas company’s stock after selling 3,104 shares during the period. Wellington Altus USA Inc.’s holdings in ExxonMobil were worth $524,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Anchor Investment Management LLC boosted its stake in ExxonMobil by 6.8% in the second quarter. Anchor Investment Management LLC now owns 89,385 shares of the oil and gas company’s stock valued at $12,221,000 after acquiring an additional 5,705 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in shares of ExxonMobil during the 2nd quarter valued at $83,000. Talon Private Wealth LLC lifted its stake in shares of ExxonMobil by 30.6% in the 2nd 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 during the period. Rench Wealth Management Inc. lifted its stake in shares of ExxonMobil by 0.6% in the 2nd 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 during the period. Finally, Miramontes Capital LLC boosted its position in shares of ExxonMobil by 9.2% in 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. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Down 0.0%

Shares of XOM traded down $0.05 during trading hours on Thursday, reaching $163.27. The stock had a trading volume of 10,961,295 shares, 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. ExxonMobil Corporation has a 52 week low of $110.39 and a 52 week high of $176.41. The firm has a 50-day moving average of $157.20 and a 200 day moving average of $153.13. The company has a market cap of $676.75 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.04 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last issued 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 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 previous year, the business posted $1.64 EPS. On average, sell-side analysts expect that ExxonMobil Corporation will post 11.93 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on XOM shares. Wall Street Zen raised ExxonMobil to a “hold” rating in a research note on Saturday, September 5th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. TD Cowen raised 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. Bank of America lowered 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. Finally, Piper Sandler upped 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 investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently 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: 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

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.