NewEdge Advisors LLC Buys 46,511 Shares of ExxonMobil Corporation $XOM

NewEdge Advisors LLC boosted its position in ExxonMobil Corporation (NYSE:XOM) by 3.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,621,680 shares of the oil and gas company’s stock after acquiring an additional 46,511 shares during the quarter. ExxonMobil comprises approximately 0.7% of NewEdge Advisors LLC’s portfolio, making the stock its 28th largest holding. NewEdge Advisors LLC’s holdings in ExxonMobil were worth $221,716,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XOM shares. HSBC set a $158.00 target price on ExxonMobil in a research note on Monday, August 3rd. Barclays cut their price target on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $182.00 target price on shares of ExxonMobil in a report on Monday, August 3rd. Wall Street Zen raised shares of ExxonMobil to a “hold” rating in a report on Saturday. Finally, Piper Sandler raised their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $167.45.

ExxonMobil Stock Up 0.8%

Shares of ExxonMobil stock opened at $160.76 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 12-month low of $110.39 and a 12-month high of $176.41. The company’s fifty day simple moving average is $153.93 and its two-hundred day simple moving average is $152.45. The company 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.

ExxonMobil (NYSE:XOM) last posted 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). The firm had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter last year, the company posted $1.64 EPS. Research analysts anticipate that ExxonMobil Corporation will post 11.98 EPS for the current year.

ExxonMobil Dividend Announcement

The business 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 dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Debt tender offer signals active liability management: ExxonMobil’s wholly owned Pioneer Natural Resources subsidiary offered to purchase up to $2.1 billion of outstanding senior notes—$1.1 billion due in 2030 and $1 billion due in 2031. The move could reduce refinancing exposure and optimize debt costs, supporting investor confidence. The offers expire September 14. ExxonMobil cash tender offers
• Positive Sentiment: Analysts remain constructive: Piper Sandler sees ExxonMobil potentially reaching new highs after a roughly 30% 2026 rally, citing elevated oil prices and solid earnings. Other coverage points to higher oil prices, cost savings and lower debt as potential drivers of future profits. Piper Sandler ExxonMobil outlook
• Positive Sentiment: Papua LNG advances: ExxonMobil is set to become operator of the Papua LNG project after development costs were reduced to approximately $14 billion. Progress toward a final investment decision strengthens Exxon’s long-term production and LNG growth pipeline, though it will require substantial capital. Papua LNG cost reduction
• Neutral Sentiment: Dividend record supports the investment case: ExxonMobil has raised its dividend for 43 consecutive years, including during the 2020 downturn. The history reinforces its reputation for shareholder returns but does not represent a new payout increase. ExxonMobil dividend history
• Neutral Sentiment: Possible Venezuela opportunity remains speculative: Chevron’s expanded Venezuelan agreement could provide a model for ExxonMobil to re-enter the country, but management previously called the market “uninvestable.” Any benefit depends on sanctions, political stability and contract terms. ExxonMobil and Venezuela
• Negative Sentiment: Kashagan dispute is unresolved: Kazakhstan paused enforcement of a reported $5.06 billion environmental claim involving the Kashagan project, offering near-term relief. However, international arbitration continues, leaving a significant legal and financial overhang. ExxonMobil Kazakhstan dispute

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.