70,895 Shares in ExxonMobil Corporation $XOM Purchased by Planning Project LLC

Key Points

• Planning Project LLC acquired 70,895 ExxonMobil shares worth approximately $9.7 million in the second quarter, making XOM its seventh-largest holding. Institutional investors and hedge funds collectively own 61.8% of the stock.
• ExxonMobil reported quarterly revenue of $114.53 billion, exceeding expectations, but earnings per share of $3.52 fell short of the $3.56 consensus estimate. Shares recently opened at $159.53, while analysts maintain a consensus “Hold” rating and a $167.45 price target.
• The company declared a quarterly dividend of $1.03 per share, equivalent to a $4.12 annualized payout and a 2.6% yield. Its outlook benefits from higher oil prices and production growth, but remains exposed to falling crude prices and political or regulatory tensions.

Planning Project LLC acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 70,895 shares of the oil and gas company's stock, valued at approximately $9,693,000. ExxonMobil makes up approximately 1.9% of Planning Project LLC's portfolio, making the stock its 7th largest holding.

A number of other large investors also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC raised its holdings in shares of ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP purchased a new position in ExxonMobil during the 1st quarter valued at about $305,000. Sivia Capital Partners LLC boosted its holdings in ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock valued at $1,211,000 after acquiring an additional 207 shares during the period. United Bank grew its position in ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock valued at $2,352,000 after acquiring an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its stake in ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock worth $3,957,000 after purchasing an additional 5,443 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

Shares of XOM opened at $159.53 on Monday. ExxonMobil Corporation has a 1 year low of $108.35 and a 1 year high of $176.41. The stock has a market capitalization of $661.24 billion, a PE ratio of 20.53, a PEG ratio of 0.97 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 has a 50-day simple moving average of $152.97 and a 200-day simple moving average of $152.28.

ExxonMobil (NYSE:XOM - Get Free Report) last released 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 in the previous year, the company posted $1.64 earnings per share. On average, analysts predict that ExxonMobil Corporation will post 11.98 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil's payout ratio is 53.02%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
• Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
• Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
• Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
• Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?

Wall Street Analyst Weigh In

Several analysts have recently issued reports on XOM shares. DZ Bank cut shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. Piper Sandler upped their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday. Morgan Stanley upped their target price on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. HSBC set a $158.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $167.45.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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