Ipswich Investment Management Co. Inc. Raises Position in ExxonMobil Corporation $XOM

Ipswich Investment Management Co. Inc. raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 89,933 shares of the oil and gas company’s stock after acquiring an additional 4,424 shares during the period. ExxonMobil comprises about 2.6% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 9th largest holding. Ipswich Investment Management Co. Inc.’s holdings in ExxonMobil were worth $12,296,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Highline Wealth Partners LLC grew its position in ExxonMobil by 86.6% during the 2nd quarter. Highline Wealth Partners LLC now owns 1,750 shares of the oil and gas company’s stock worth $239,000 after acquiring an additional 812 shares during the last quarter. Hendley & Co. Inc. increased its holdings in ExxonMobil by 24.1% during the 2nd quarter. Hendley & Co. Inc. now owns 16,702 shares of the oil and gas company’s stock valued at $2,283,000 after purchasing an additional 3,240 shares in the last quarter. Curbstone Financial Management Corp raised its position in ExxonMobil by 5.8% in the 2nd quarter. Curbstone Financial Management Corp now owns 41,214 shares of the oil and gas company’s stock valued at $5,635,000 after purchasing an additional 2,250 shares during the last quarter. CGC Financial Services LLC raised its position in ExxonMobil by 7.7% in the 2nd quarter. CGC Financial Services LLC now owns 3,048 shares of the oil and gas company’s stock valued at $417,000 after purchasing an additional 217 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its stake in ExxonMobil by 111.5% in the second quarter. Annex Advisory Services LLC now owns 42,473 shares of the oil and gas company’s stock worth $5,807,000 after purchasing an additional 22,387 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on XOM shares. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. HSBC set a $158.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Barclays raised their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, ExxonMobil has a consensus rating of “Hold” and an average target price of $163.29.

ExxonMobil Stock Down 0.0%

Shares of XOM opened at $159.76 on Thursday. The business’s fifty day moving average price is $146.67 and its two-hundred day moving average price is $150.21. The firm has a market capitalization of $662.20 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 0.60 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $105.67 and a 52 week high of $176.41. 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 (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.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 previous year, the firm earned $1.64 EPS. On average, analysts predict that ExxonMobil Corporation will post 12.34 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.03 dividend. 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 dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Renewed fears of oil-supply disruptions are supporting ExxonMobil because its record Permian Basin production gives it significant exposure to potentially higher crude prices. Exxon Stock Jumps 3.3% as Oil Supply Fears Return
• Positive Sentiment: ExxonMobil’s second-quarter results showed strong cash generation, including $14.5 billion of net income and $9.4 billion returned through dividends and repurchases. The company declared a quarterly dividend of $1.03 and is pursuing a large, multiyear buyback program, reinforcing its income and capital-return appeal. Will ExxonMobil’s Q2 Profit Surge and Massive Buybacks Reshape Its Capital Allocation Narrative?
• Positive Sentiment: Dividend-focused investors continue to view ExxonMobil as an attractive source of income. Despite a quarterly earnings shortfall, the company generated substantial cash flow, improving confidence in dividend sustainability. Exxon’s Profit Missed. So Why Is the Dividend Getting Stronger?
• Neutral Sentiment: Brokerages currently assign ExxonMobil a consensus “Hold” rating, suggesting analysts see a balanced risk-reward profile after the stock’s recent advance. ExxonMobil Receives Consensus Rating of Hold
• Negative Sentiment: Erste Group Bank trimmed its fiscal 2027 earnings estimate to $10.97 per share from $11.00, remaining below the broader consensus estimate of $12.34. The modest cut signals caution about future earnings growth. ExxonMobil Earnings Estimate Update
• Negative Sentiment: President Trump criticized ExxonMobil and Chevron for making “too much money” amid high fuel prices. Although no specific policy action was announced, the comments raise the risk of political scrutiny, windfall-tax proposals, or other pressure on major oil companies. ExxonMobil vs. Chevron: Trump Attacks the Oil Giants
• Negative Sentiment: Second-quarter adjusted earnings of $3.52 per share missed analyst expectations, keeping near-term concerns about operating performance in focus despite substantially higher year-over-year profits. Exxon’s Profit Missed

ExxonMobil Company 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.