Annex Advisory Services LLC Purchases 22,387 Shares of ExxonMobil Corporation $XOM

Key Points

• Annex Advisory Services more than doubled its ExxonMobil stake in the second quarter, purchasing 22,387 additional shares for a total of 42,473 shares valued at approximately $5.8 million.
• ExxonMobil reported strong quarterly growth, including $14.5 billion in net income and $23.6 billion in operating cash flow, although adjusted EPS of $3.52 slightly missed estimates.
• The company declared a quarterly dividend of $1.03 per share, or $4.12 annualized for a 2.6% yield. Analysts remain cautious, with a consensus “Hold” rating and an average price target of $163.29.

Annex Advisory Services LLC boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 111.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 42,473 shares of the oil and gas company's stock after buying an additional 22,387 shares during the period. Annex Advisory Services LLC's holdings in ExxonMobil were worth $5,807,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after purchasing an additional 37,666 shares during the last quarter. Charles Schwab Trust Co boosted its holdings in shares of ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock worth $16,710,000 after buying an additional 97,424 shares during the last quarter. Sanctuary Advisors LLC grew its position in ExxonMobil by 2.3% during the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company's stock valued at $126,166,000 after buying an additional 23,668 shares during the period. Midwest Trust Co increased its holdings in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock worth $120,623,000 after buying an additional 26,411 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in ExxonMobil by 2.4% during the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company's stock worth $200,366,000 after buying an additional 38,492 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein reduced their target price on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. Weiss Ratings upgraded ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Barclays increased their price objective on ExxonMobil from $163.00 to $182.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Citigroup reissued a "neutral" rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $182.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Ten 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 an average price target of $163.29.

ExxonMobil News Roundup

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 Trading Down 0.0%

Shares of XOM opened at $159.78 on Wednesday. The business's 50-day moving average price is $146.53 and its 200-day moving average price is $150.03. ExxonMobil Corporation has a twelve month low of $105.67 and a twelve month high of $176.41. The stock has a market cap of $662.29 billion, a PE ratio of 20.56, a P/E/G ratio of 0.60 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 - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the business posted $1.64 earnings per share. On average, equities analysts forecast that ExxonMobil Corporation will post 12.34 EPS 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 $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil 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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