Birmingham Capital Management Co. Inc. AL Takes Position in ExxonMobil Corporation $XOM

Birmingham Capital Management Co. Inc. AL acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,162 shares of the oil and gas company's stock, valued at approximately $4,944,000. ExxonMobil makes up approximately 1.9% of Birmingham Capital Management Co. Inc. AL's investment portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil in the second quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new stake in shares of ExxonMobil in the 1st quarter worth approximately $36,000. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC purchased a new position in ExxonMobil in the fourth quarter valued at approximately $27,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Permian growth supports production outlook. ExxonMobil’s Permian Basin output reached a record, while planned expansion and greater drilling automation could provide an important source of upstream volume growth. Can ExxonMobil's Permian Growth Keep Driving Upstream Momentum?
• Positive Sentiment: Analysts and stock roundups remain constructive. Recent commentary describes XOM as better positioned than some peers and highlights potential upside from strong oil prices, its integrated business, and comparatively attractive valuation. Morgan Stanley also sees a possibility that the shares eventually surpass their record high. Morgan Stanley Sees ExxonMobil Breaking its Record High
• Positive Sentiment: Potential strategic opportunities. Reports that ExxonMobil may be interested in assets associated with Shell’s potential U.S. and chemicals divestitures could create acquisition or portfolio-optimization opportunities, although no transaction has been confirmed. Reports: Shell considers sales of US HQ and chemicals arm
• Neutral Sentiment: Dividend remains dependable but growth is moderating. ExxonMobil has raised its dividend for 43 consecutive years, with a current quarterly payout of $1.03 per share. However, recent increases of roughly 3% to 4.5% are substantially smaller than historical hikes, limiting income-growth appeal. ExxonMobil Dividend Growth Article
• Negative Sentiment: Lower oil prices are the immediate pressure. The market is treating new sanctions and Hormuz developments as negotiating leverage rather than an imminent supply threat. That weakens crude prices and raises concern that energy shares may give back part of their geopolitical gains. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Mizuho decreased their price objective on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. Zacks Research lowered shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Sanford C. Bernstein lowered their target price on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a report on Monday, May 11th. Wells Fargo & Company restated an "overweight" rating and set a $182.00 target price on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, ExxonMobil currently has a consensus rating of "Hold" and an average target price of $166.10.

ExxonMobil Trading Down 1.5%

Shares of ExxonMobil stock opened at $158.18 on Thursday. ExxonMobil Corporation has a 12-month low of $108.35 and a 12-month high of $176.41. The company has a market cap of $655.65 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 0.63 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $149.77 and its 200-day moving average price is $151.79.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. On average, equities analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

About ExxonMobil

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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