ExxonMobil Corporation $XOM is WIT Partners Advisory Pte. Ltd.’s 8th Largest Position

WIT Partners Advisory Pte. Ltd. raised its stake in ExxonMobil Corporation (NYSE:XOM) by 50.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,405 shares of the oil and gas company’s stock after purchasing an additional 5,500 shares during the period. ExxonMobil accounts for about 1.1% of WIT Partners Advisory Pte. Ltd.’s holdings, making the stock its 8th biggest position. WIT Partners Advisory Pte. Ltd.’s holdings in ExxonMobil were worth $2,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of XOM. Berbice Capital Management LLC acquired a new stake in ExxonMobil during the 4th quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil during the second quarter worth about $27,000. Keewaydin Investments LLC purchased a new position in shares of ExxonMobil during the fourth quarter worth about $33,000. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of ExxonMobil during the first quarter worth about $36,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of XOM opened at $162.28 on Friday. 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 Corporation has a fifty-two week low of $108.35 and a fifty-two week high of $176.41. The firm has a 50-day simple moving average of $152.51 and a 200-day simple moving average of $152.20. The company has a market capitalization of $672.64 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.18.

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

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid 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 is Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XOM shares. TD Cowen upped their target price on ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 7th. HSBC set a $158.00 price target on ExxonMobil in a research report on Monday, August 3rd. Mizuho reduced their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $167.45.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Dividend support remains a key attraction. ExxonMobil is reportedly positioned to raise its dividend for a 44th consecutive year. Second-quarter free cash flow exceeded dividend payments by nearly $13 billion, providing substantial coverage and supporting the stock’s appeal to income investors. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Long-term cash-flow prospects are encouraging. ExxonMobil says free cash flow could potentially double by 2030, while analysts and financial publications continue to view XOM as a strong value and long-term-return candidate. Its low debt levels and scale add to the investment case. Exxon’s Dividend Looks Safe Today—But What If Oil Prices Tumble?
• Positive Sentiment: Potential Venezuelan oil opportunities could benefit supermajors. U.S. efforts to open Venezuelan oil rights, amid broader supply concerns, may create opportunities for ExxonMobil to expand resources or production, although the company-specific benefits remain uncertain. Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
• Neutral Sentiment: AI investments may improve efficiency. ExxonMobil is among major oil companies deploying artificial intelligence to reduce downtime, improve drilling decisions and enhance asset performance. These initiatives could support margins over time, but the financial impact is not yet quantified. 4 Oil & Gas Majors Using AI to Boost Efficiency and Execution
• Negative Sentiment: A sharp oil-price decline remains the principal risk. Coverage notes that ExxonMobil maintained or increased its dividend even when crude briefly fell below $58 per barrel, but a prolonged downturn could reduce upstream earnings and free cash flow, challenging dividend growth despite the company’s current coverage. Exxon’s Dividend Looks Safe Today—But What If Oil Prices Tumble?

About ExxonMobil

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.