Commerce Bank Cuts Stock Holdings in ExxonMobil Corporation $XOM

Commerce Bank lowered its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,657,796 shares of the oil and gas company's stock after selling 11,992 shares during the quarter. ExxonMobil makes up about 1.0% of Commerce Bank's holdings, making the stock its 18th largest holding. Commerce Bank's holdings in ExxonMobil were worth $226,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in ExxonMobil during the 4th quarter worth $7,625,063,000. GQG Partners LLC raised its position in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after buying an additional 10,214,420 shares during the last quarter. Quantum Portfolio Management LLC purchased a new position in shares of ExxonMobil in the first quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of ExxonMobil in the first quarter worth about $766,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company's stock worth $1,925,119,000 after acquiring an additional 2,465,410 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on XOM shares. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Mizuho decreased their target price on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 9th. Zacks Research cut ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Barclays dropped their price target on ExxonMobil from $182.00 to $177.00 and set an "overweight" rating for the company in a research report on Monday, August 17th. Finally, Sanford C. Bernstein cut their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $166.10.

ExxonMobil Trading Down 0.6%

Shares of XOM opened at $165.18 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 12-month low of $108.35 and a 12-month high of $176.41. The firm has a 50-day moving average price of $148.58 and a 200 day moving average price of $151.38. The firm has a market capitalization of $684.66 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.65 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last issued 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). The firm had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period last year, the firm earned $1.64 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil's dividend payout ratio (DPR) is currently 53.02%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising oil prices are the clearest near-term catalyst. Brent crude recently moved above $93–$95 per barrel amid Strait of Hormuz disruption, geopolitical tensions and declining Russian exports, improving the outlook for ExxonMobil’s upstream cash flow and shareholder returns. Exxon Jumps 2% as Brent Crude Breaks Above $93
• Positive Sentiment: Analysts continue to point to ExxonMobil’s advantaged Guyana and Permian production, cost savings and expected volume growth as supports for earnings and free cash flow. These low-cost assets should provide particularly strong operating leverage if oil remains above $80. Cost Savings and Production Growth Strengthen ExxonMobil’s Outlook
• Positive Sentiment: A 20-year infrastructure agreement with Targa Resources across the Permian’s Delaware and Midland basins should improve long-term processing and takeaway capacity for ExxonMobil, helping support production growth through 2046. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: ExxonMobil is advancing growth projects, including a Nigerian deepwater campaign expected to add up to 40,000 barrels per day at the Usan field and contractor work for Rovuma LNG pipelines. Successful execution could diversify and expand future production.
• Neutral Sentiment: ExxonMobil is being highlighted as a long-term momentum and dividend investment, reflecting its scale, cash-return capacity and recent energy-sector strength. These are supportive investor themes but do not represent new company-specific developments. Why Exxon Mobil Holdings Is a Top Momentum Stock
• Negative Sentiment: A German regulator reportedly found a carbon-credit project backed by an ExxonMobil unit suspicious, creating reputational and potential regulatory risk for the company’s lower-carbon initiatives. ExxonMobil-Backed Carbon Credits Project Found Suspicious
• Negative Sentiment: ExxonMobil has warned that Kazakhstan’s leading oil field could reach peak production within several years, highlighting depletion and geopolitical risks that may weigh on longer-term growth.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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