Baird Financial Group Inc. Cuts Position in ExxonMobil Corporation $XOM

Key Points

• Baird Financial Group reduced its ExxonMobil stake by 2.4% in the second quarter, selling 32,100 shares and retaining 1.32 million shares valued at approximately $181 million. Institutional investors collectively own 61.8% of XOM.
• Analyst sentiment is mixed, with 10 Buy ratings and 12 Hold ratings; ExxonMobil has a consensus rating of Hold and an average price target of $167.45.
• ExxonMobil reported quarterly EPS of $3.52, slightly below estimates, while revenue exceeded expectations at $114.53 billion. The company also declared a quarterly dividend of $1.03 per share, representing a 2.6% yield.

Baird Financial Group Inc. lessened its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,323,923 shares of the oil and gas company's stock after selling 32,100 shares during the quarter. Baird Financial Group Inc.'s holdings in ExxonMobil were worth $181,007,000 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 XOM. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil during the 2nd quarter valued at about $27,000. Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil during the 1st quarter valued at about $36,000. Berbice Capital Management LLC bought a new stake in ExxonMobil in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after buying an additional 187 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on XOM shares. TD Cowen lifted their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Piper Sandler increased their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd. Zacks Research cut shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of ExxonMobil to a "hold" rating in a research note on Saturday. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, ExxonMobil currently has a consensus rating of "Hold" and a consensus price target of $167.45.

ExxonMobil Stock Up 0.8%

Shares of NYSE XOM opened at $160.76 on Wednesday. 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 Corporation has a 52 week low of $110.39 and a 52 week high of $176.41. The firm's fifty day moving average is $153.93 and its 200 day moving average is $152.45. The company has a market cap of $666.36 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.97 and a beta of 0.18.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate 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 net margin of 8.88% and a return on equity of 13.14%. During the same period in the previous year, the company earned $1.64 EPS. On average, equities research analysts expect that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Announces Dividend

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

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Debt tender offer signals active liability management: ExxonMobil’s wholly owned Pioneer Natural Resources subsidiary offered to purchase up to $2.1 billion of outstanding senior notes—$1.1 billion due in 2030 and $1 billion due in 2031. The move could reduce refinancing exposure and optimize debt costs, supporting investor confidence. The offers expire September 14. ExxonMobil cash tender offers
• Positive Sentiment: Analysts remain constructive: Piper Sandler sees ExxonMobil potentially reaching new highs after a roughly 30% 2026 rally, citing elevated oil prices and solid earnings. Other coverage points to higher oil prices, cost savings and lower debt as potential drivers of future profits. Piper Sandler ExxonMobil outlook
• Positive Sentiment: Papua LNG advances: ExxonMobil is set to become operator of the Papua LNG project after development costs were reduced to approximately $14 billion. Progress toward a final investment decision strengthens Exxon’s long-term production and LNG growth pipeline, though it will require substantial capital. Papua LNG cost reduction
• Neutral Sentiment: Dividend record supports the investment case: ExxonMobil has raised its dividend for 43 consecutive years, including during the 2020 downturn. The history reinforces its reputation for shareholder returns but does not represent a new payout increase. ExxonMobil dividend history
• Neutral Sentiment: Possible Venezuela opportunity remains speculative: Chevron’s expanded Venezuelan agreement could provide a model for ExxonMobil to re-enter the country, but management previously called the market “uninvestable.” Any benefit depends on sanctions, political stability and contract terms. ExxonMobil and Venezuela
• Negative Sentiment: Kashagan dispute is unresolved: Kazakhstan paused enforcement of a reported $5.06 billion environmental claim involving the Kashagan project, offering near-term relief. However, international arbitration continues, leaving a significant legal and financial overhang. ExxonMobil Kazakhstan dispute

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.

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