NEOS Investment Management LLC Raises Stock Holdings in ExxonMobil Corporation $XOM

NEOS Investment Management LLC grew its holdings in ExxonMobil Corporation (NYSE:XOM) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 681,692 shares of the oil and gas company’s stock after buying an additional 61,370 shares during the quarter. NEOS Investment Management LLC’s holdings in ExxonMobil were worth $93,201,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XOM. Assetmark Inc. raised its position in shares of ExxonMobil by 8.3% in the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after buying an additional 37,666 shares during the last quarter. Charles Schwab Trust Co boosted its position in ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock worth $16,710,000 after acquiring an additional 97,424 shares during the last quarter. CV Advisors LLC grew its stake in ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after acquiring an additional 6,478 shares in the last quarter. Midwest Trust Co grew its stake in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in ExxonMobil by 2.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after acquiring an additional 38,492 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

More ExxonMobil News

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?

Analysts Set New Price Targets

A number of research analysts have weighed in on XOM shares. HSBC set a $158.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. UBS Group set a $168.00 price target on ExxonMobil in a report on Friday, August 7th. Barclays reduced their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Finally, Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $167.45.

ExxonMobil Trading Down 1.1%

NYSE XOM opened at $162.28 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $672.64 billion, a P/E ratio of 20.89, a PEG ratio of 1.01 and a beta of 0.18. The firm’s 50-day moving average is $152.51 and its two-hundred day moving average is $152.20. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41.

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 company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same period last year, the firm posted $1.64 earnings per share. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given 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 yield of 2.5%. ExxonMobil’s payout ratio is presently 53.02%.

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.