Affinity Capital Advisors LLC Decreases Stock Holdings in ExxonMobil Corporation $XOM

Key Points

• Affinity Capital Advisors cut its ExxonMobil stake by 83.4% in the second quarter, selling 14,899 shares and retaining 2,962 shares worth approximately $404,000. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil reported strong cash flow, record Permian production and solid refining performance, although quarterly EPS of $3.52 narrowly missed estimates while revenue exceeded expectations. The company also raised its quarterly dividend to $1.03 per share, equating to a 2.7% yield.
• Analyst sentiment remains mixed, with 10 Buy and 13 Hold ratings; the consensus rating is Hold with an average price target of $163.29, versus a recent share price of $152.88.

Affinity Capital Advisors LLC reduced its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 83.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,962 shares of the oil and gas company's stock after selling 14,899 shares during the quarter. Affinity Capital Advisors LLC's holdings in ExxonMobil were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in ExxonMobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil during the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC bought a new stake in ExxonMobil in the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil in the 4th quarter worth $32,000. Institutional investors own 61.80% of the company's stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported resilient second-quarter cash flow, record Permian production, strong refining performance and signs that Guyana is reaching a free-cash-flow inflection point. These developments support production growth and future shareholder returns. XOM Q2 Earnings Call Highlights Refining Strength and Guyana Cash Flow
• Positive Sentiment: The company’s dividend increased despite earnings falling slightly short of expectations, reinforcing ExxonMobil’s appeal to income-focused investors and signaling confidence in cash generation. Exxon's Profit Fell Short. Its Dividend Didn't.
• Positive Sentiment: ExxonMobil awarded McDermott a letter of intent for limited engineering and procurement work on the Rovuma LNG Phase 1 project in Mozambique, advancing a potentially significant long-term growth asset. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group set a $168.00 price target on shares of ExxonMobil in a research report on Friday. Mizuho lowered their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. Piper Sandler began coverage on ExxonMobil in a research report on Thursday, July 23rd. They set a "neutral" rating and a $158.00 price objective on the stock. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the stock a "neutral" rating in a report on Friday, April 17th. Finally, Sanford C. Bernstein decreased their target price on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $163.29.

ExxonMobil Stock Performance

ExxonMobil stock opened at $152.88 on Friday. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $633.67 billion, a P/E ratio of 19.68, a PEG ratio of 0.58 and a beta of 0.17. The stock's 50 day moving average is $146.12 and its 200 day moving average is $149.50.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. During the same period in the prior year, the company posted $1.64 earnings per share. On average, equities research analysts predict that ExxonMobil Corporation will post 12.34 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company 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 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil's dividend payout ratio is 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.

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