ExxonMobil Corporation $XOM Shares Bought by Hudock Inc.

Hudock Inc. grew its holdings in ExxonMobil Corporation (NYSE:XOM) by 24.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,632 shares of the oil and gas company’s stock after acquiring an additional 6,022 shares during the period. Hudock Inc.’s holdings in ExxonMobil were worth $4,188,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. California State Teachers Retirement System boosted its position in shares of ExxonMobil by 14,136.6% in the second quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock worth $95,185,508,000 after buying an additional 691,317,352 shares during the period. Norges Bank purchased a new stake in shares of ExxonMobil during the 4th quarter valued at about $7,625,063,000. GQG Partners LLC lifted its position in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC purchased a new position in ExxonMobil in the 1st quarter worth approximately $965,932,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ExxonMobil in the 1st quarter worth approximately $766,345,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Up 0.8%

Shares of ExxonMobil stock traded up $1.29 on Tuesday, hitting $160.76. 12,603,794 shares of the company’s stock traded hands, compared to its average volume of 18,769,414. ExxonMobil Corporation has a 52-week low of $110.39 and a 52-week high of $176.41. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock has a market cap of $666.36 billion, a P/E ratio of 20.69, a PEG ratio of 0.97 and a beta of 0.18. The firm’s 50-day moving average is $153.44 and its 200 day moving average is $152.37.

ExxonMobil (NYSE:XOM) last posted 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 period in the prior year, the company earned $1.64 earnings per share. Equities analysts anticipate that ExxonMobil Corporation will post 11.98 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 given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil News Summary

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XOM. UBS Group reiterated a “buy” rating on shares of ExxonMobil in a research note on Tuesday. Morgan Stanley raised their price target on shares of ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Tuesday, August 4th. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Mizuho decreased their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus price target of $167.45.

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.