GQG Partners LLC Boosts Position in ExxonMobil Corporation $XOM

GQG Partners LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOM) by 153.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 16,877,523 shares of the oil and gas company’s stock after purchasing an additional 10,214,420 shares during the quarter. ExxonMobil accounts for about 4.3% of GQG Partners LLC’s holdings, making the stock its 5th biggest holding. GQG Partners LLC’s holdings in ExxonMobil were worth $2,307,497,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XOM. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil in the 2nd quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new position in ExxonMobil in the 1st quarter worth about $36,000. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $27,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of ExxonMobil by 456.1% during 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 buying an additional 187 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Down 0.6%

Shares of NYSE:XOM opened at $165.18 on Friday. The company has a 50 day moving average of $148.58 and a 200-day moving average of $151.38. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a market cap of $684.66 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.65 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $108.35 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company 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 is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XOM shares. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein reduced their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, HSBC set a $158.00 price target on ExxonMobil in a report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and an average price target of $166.10.

ExxonMobil News Summary

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.

ExxonMobil 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.