MCF Advisors LLC Purchases 5,232 Shares of ExxonMobil Corporation $XOM

MCF Advisors LLC increased its position in ExxonMobil Corporation (NYSE:XOM) by 18.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,169 shares of the oil and gas company’s stock after purchasing an additional 5,232 shares during the quarter. MCF Advisors LLC’s holdings in ExxonMobil were worth $4,535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. National Pension Service grew its stake in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock valued at $1,321,265,000 after purchasing an additional 166,268 shares during the period. Engineers Gate Manager LP lifted its position in shares of ExxonMobil by 28.0% during the 2nd quarter. Engineers Gate Manager LP now owns 3,000 shares of the oil and gas company’s stock worth $410,000 after buying an additional 657 shares during the period. Plimoth Trust Co. LLC boosted its stake in ExxonMobil by 0.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 53,545 shares of the oil and gas company’s stock valued at $7,321,000 after buying an additional 317 shares in the last quarter. Summit Financial Strategies Inc. grew its position in ExxonMobil by 1.8% in the second quarter. Summit Financial Strategies Inc. now owns 12,482 shares of the oil and gas company’s stock valued at $1,707,000 after acquiring an additional 225 shares during the period. Finally, SVB Wealth LLC grew its position in ExxonMobil by 0.5% in the second quarter. SVB Wealth LLC now owns 78,767 shares of the oil and gas company’s stock valued at $10,769,000 after acquiring an additional 360 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of XOM stock opened at $164.41 on Thursday. ExxonMobil Corporation has a 52 week low of $110.39 and a 52 week high of $176.41. The stock has a market capitalization of $681.48 billion, a PE ratio of 21.16, a PEG ratio of 0.98 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock’s fifty day moving average is $154.49 and its 200-day moving average is $152.54.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (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 business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Equities research analysts expect that ExxonMobil Corporation will post 11.98 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil’s payout ratio is currently 53.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. HSBC set a $158.00 price objective on ExxonMobil in a report on Monday, August 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a report on Monday, August 3rd. TD Cowen increased their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $167.45.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: New Angola oil discovery: ExxonMobil, Angola’s National Oil, Gas and Biofuels Agency and Block 15 partners announced an oil discovery at the Vicango Este-01 exploration well. The discovery—reported as the 20th in Block 15—could strengthen ExxonMobil’s long-term production pipeline, although its eventual financial contribution depends on appraisal and development. Angola offshore discovery article
• Positive Sentiment: Oil-price tailwind: Brent crude moved above $100 a barrel and West Texas Intermediate surpassed $95 as Middle East tensions increased supply-risk concerns. Higher crude prices generally support ExxonMobil’s upstream earnings and cash flow, helping explain the stock’s advance. Energy ETFs and oil prices article
• Positive Sentiment: Portfolio and balance-sheet support: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies, while its Pioneer subsidiary launched cash tender offers for $2.1 billion of senior notes. The transactions may improve portfolio control and optimize debt, reinforcing the company’s financial flexibility. Papua LNG operatorship article
• Neutral Sentiment: Investor presentation and valuation: ExxonMobil’s Barclays energy conference presentation highlighted its operating strategy and exposure to favorable oil prices. Commentary noted that the stock has gained substantially this year and could approach $200 if crude prices and earnings remain strong, but that outcome is highly dependent on external commodity markets. ExxonMobil oil prices and $200 outlook
• Negative Sentiment: Key risks remain: Analysts and commentators warned that the recent rally may rely heavily on a temporary “war premium” in crude prices. ExxonMobil also faces ongoing uncertainty around Kazakhstan’s Kashagan environmental dispute and potential political risk in Venezuela. Kashagan dispute article

About ExxonMobil

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.