Proficio Capital Partners LLC Purchases 14,786 Shares of ExxonMobil Corporation $XOM

Proficio Capital Partners LLC grew its position in ExxonMobil Corporation (NYSE:XOM) by 269.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,268 shares of the oil and gas company’s stock after buying an additional 14,786 shares during the period. Proficio Capital Partners LLC’s holdings in ExxonMobil were worth $2,771,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. Bank of America Corp DE grew its stake in ExxonMobil by 2.0% in the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares during the period. Norges Bank acquired a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp increased its stake in ExxonMobil by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after buying an additional 531,362 shares during the last quarter. Northern Trust Corp raised its holdings in ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after acquiring an additional 445,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ExxonMobil by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock worth $4,102,708,000 after purchasing an additional 293,446 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays cut their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Mizuho cut their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. UBS Group set a $168.00 price objective on shares of ExxonMobil in a report on Friday, August 7th. Morgan Stanley increased their price objective on shares of ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and raised their target price for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil presently has an average rating of “Hold” and an average price target of $166.10.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices supported the stock. Renewed U.S.-Iran military strikes and continued shipping constraints in the Strait of Hormuz pushed WTI crude toward $86 and Brent above $90, improving the earnings outlook for major oil producers such as ExxonMobil. Chevron and Exxon Mobil Rise as U.S. Strikes on Iran Push Oil Prices Higher
• Positive Sentiment: Venezuela could become a new growth avenue. President Donald Trump said ExxonMobil is among the companies preparing to enter Venezuela’s oil sector. A potential return after Exxon exited following Venezuela’s 2007 nationalization could provide access to substantial reserves and long-term production opportunities, although the company has not confirmed a final investment. Trump Says Exxon Is Going Into Venezuela
• Positive Sentiment: Production momentum remains a bright spot. ExxonMobil’s second-quarter results included record production and approximately $116 billion in revenue, exceeding revenue expectations. Year-over-year EPS growth also highlighted the benefit of stronger operations and commodity prices. What XOM’s Q2 Earnings Say About Production Growth and Market Risk
• Neutral Sentiment: Exxon is reportedly bidding for Shell’s U.S. chemicals assets. A transaction potentially valued near $8 billion could expand ExxonMobil’s chemicals footprint, but the purchase price, financing and integration risks could affect shareholder returns. ExxonMobil’s Bid for Shell’s U.S. Chemicals Assets
• Negative Sentiment: Storm preparations create near-term operating risk. ExxonMobil and Motiva are preparing East Texas refineries for high winds and possible flooding from a tropical storm, raising the possibility of temporary disruptions or additional costs. Motiva and Exxon Prepare Refineries for Storm
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to flag ExxonMobil’s commodity-price cyclicality and cost pressures. The latest quarter also narrowly missed consensus EPS estimates despite beating on revenue.

ExxonMobil Stock Performance

NYSE XOM opened at $160.93 on Tuesday. The firm has a 50-day moving average price of $150.98 and a two-hundred day moving average price of $151.94. ExxonMobil Corporation has a 12-month low of $108.35 and a 12-month high of $176.41. The company has a market capitalization of $667.05 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.62 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its quarterly 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 business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio is presently 53.02%.

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.