Tema ETFs LLC Raises Holdings in ExxonMobil Corporation $XOM

Tema ETFs LLC grew its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 10.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 67,425 shares of the oil and gas company’s stock after purchasing an additional 6,525 shares during the quarter. Tema ETFs LLC’s holdings in ExxonMobil were worth $9,218,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nolet Wealth Management LLC increased its stake in ExxonMobil by 4.9% during the 2nd quarter. Nolet Wealth Management LLC now owns 4,303 shares of the oil and gas company’s stock valued at $588,000 after purchasing an additional 200 shares in the last quarter. Stonekeep Investments LLC acquired a new stake in shares of ExxonMobil during the second quarter worth $525,000. Charles Schwab Trust Co grew its holdings in shares of 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 valued at $16,710,000 after buying an additional 97,424 shares during the last quarter. Spinnaker Investment Group LLC increased its position in shares of ExxonMobil by 14.1% in the 2nd quarter. Spinnaker Investment Group LLC now owns 4,129 shares of the oil and gas company’s stock valued at $564,000 after acquiring an additional 511 shares during the period. Finally, Highland Financial Advisors LLC increased its position in shares of ExxonMobil by 10.5% in the 2nd quarter. Highland Financial Advisors LLC now owns 6,117 shares of the oil and gas company’s stock valued at $836,000 after acquiring an additional 581 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

NYSE XOM opened at $159.78 on Wednesday. The stock has a 50-day simple moving average of $146.53 and a two-hundred day simple moving average of $150.03. The firm has a market capitalization of $662.29 billion, a P/E ratio of 20.56, a PEG ratio of 0.60 and a beta of 0.17. ExxonMobil Corporation has a fifty-two week low of $105.67 and a fifty-two 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 issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company 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 period last year, the firm earned $1.64 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 12.34 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Sanford C. Bernstein lowered their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Morgan Stanley reduced their price objective on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Finally, Scotiabank raised their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Hold” and a consensus target price of $163.29.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s record Permian production gives it significant leverage to higher crude prices as uncertainty surrounding the Strait of Hormuz and Middle East supply disruptions supports oil. Brent crude was recently reported near $89 per barrel after rebounding from early-July lows. Exxon Stock Jumps 3.3% as Oil Supply Fears Return
• Positive Sentiment: Second-quarter results showed sharply improved profitability, with net income of approximately $14.5 billion, operating cash flow of $23.6 billion and free cash flow of $17.2 billion. Production also reached records in the Permian and diesel operations, reinforcing the company’s operating momentum. ExxonMobil gains as strong quarterly results and higher oil prices bolster sentiment
• Positive Sentiment: ExxonMobil returned $9.4 billion to shareholders during the quarter through $4.3 billion of dividends and $5.1 billion of share repurchases. The company also declared a quarterly dividend of $1.03, supporting its appeal to income-focused investors. Exxon Handed Shareholders $9.4 Billion in One Quarter
• Neutral Sentiment: Analysts maintain a consensus “Hold” rating, while recently reported price targets range from $154 to $182, indicating upside potential for some investors but limited conviction across Wall Street. ExxonMobil Receives Consensus Rating of Hold
• Negative Sentiment: Adjusted earnings of $3.52 per share fell slightly short of analyst expectations, despite rising substantially from the prior year. The miss could restrain near-term gains if oil prices weaken or refining margins deteriorate. Exxon’s Profit Missed. So Why Is the Dividend Getting Stronger?
• Negative Sentiment: President Trump criticized ExxonMobil and Chevron for making “too much money” amid high fuel prices, creating a political risk that could lead to calls for increased regulation, taxes or other measures affecting oil producers. ExxonMobil vs. Chevron: Trump Attacks the Oil Giants

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.