Blue Edge Capital LLC Sells 10,886 Shares of ExxonMobil Corporation $XOM

Key Points

• Blue Edge Capital reduced its ExxonMobil stake by 23.6%, selling 10,886 shares in the second quarter and retaining 35,193 shares valued at approximately $4.81 million.
• Analyst sentiment remains mixed: ExxonMobil has a consensus rating of “Hold” and an average price target of $167.45, despite several firms maintaining Buy or Overweight ratings.
• ExxonMobil shares opened at $164.41, while the company reported quarterly revenue above estimates but narrowly missed EPS expectations; it also declared a quarterly dividend of $1.03 per share, yielding about 2.5% annually.

Blue Edge Capital LLC trimmed its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 23.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,193 shares of the oil and gas company's stock after selling 10,886 shares during the quarter. Blue Edge Capital LLC's holdings in ExxonMobil were worth $4,812,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Zacks Research cut shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. UBS Group restated a "buy" rating on shares of ExxonMobil in a research note on Tuesday. Barclays decreased their price target on ExxonMobil from $182.00 to $177.00 and set an "overweight" rating for the company in a research note on Monday, August 17th. Weiss Ratings raised ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $167.45.

ExxonMobil Trading Up 2.3%

NYSE XOM opened at $164.41 on Thursday. The company has a fifty day moving average of $154.49 and a 200 day moving average of $152.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market capitalization of $681.48 billion, a PE ratio of 21.16, a P/E/G ratio of 0.98 and a beta of 0.18. ExxonMobil Corporation has a 1 year low of $110.39 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the business earned $1.64 EPS. Research analysts forecast that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio is 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: New Angola oil discovery: ExxonMobil, Angola’s National Oil, Gas and Biofuels Agency and Block 15 partners announced an oil discovery at the Vicango Este-01 exploration well. The discovery—reported as the 20th in Block 15—could strengthen ExxonMobil’s long-term production pipeline, although its eventual financial contribution depends on appraisal and development. Angola offshore discovery article
• Positive Sentiment: Oil-price tailwind: Brent crude moved above $100 a barrel and West Texas Intermediate surpassed $95 as Middle East tensions increased supply-risk concerns. Higher crude prices generally support ExxonMobil’s upstream earnings and cash flow, helping explain the stock’s advance. Energy ETFs and oil prices article
• Positive Sentiment: Portfolio and balance-sheet support: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies, while its Pioneer subsidiary launched cash tender offers for $2.1 billion of senior notes. The transactions may improve portfolio control and optimize debt, reinforcing the company’s financial flexibility. Papua LNG operatorship article
• Neutral Sentiment: Investor presentation and valuation: ExxonMobil’s Barclays energy conference presentation highlighted its operating strategy and exposure to favorable oil prices. Commentary noted that the stock has gained substantially this year and could approach $200 if crude prices and earnings remain strong, but that outcome is highly dependent on external commodity markets. ExxonMobil oil prices and $200 outlook
• Negative Sentiment: Key risks remain: Analysts and commentators warned that the recent rally may rely heavily on a temporary “war premium” in crude prices. ExxonMobil also faces ongoing uncertainty around Kazakhstan’s Kashagan environmental dispute and potential political risk in Venezuela. Kashagan dispute article

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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