Edgestream Partners L.P. Lowers Stake in ExxonMobil Corporation $XOM

Key Points

• Edgestream Partners L.P. reduced its ExxonMobil stake by 60.6% in the first quarter, selling 31,986 shares and retaining 20,784 shares valued at approximately $3.53 million. Institutional investors still own 61.8% of XOM.
• ExxonMobil reported a strong second quarter, with adjusted EPS of $3.52 and net income of $14.53 billion, while revenue reached $114.53 billion. However, EPS narrowly missed analyst expectations, partly due to refinery maintenance and repairs.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and average price target of $163.45. ExxonMobil also declared a quarterly dividend of $1.03, equivalent to a 2.6% annualized yield.

Edgestream Partners L.P. cut its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 60.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,784 shares of the oil and gas company's stock after selling 31,986 shares during the quarter. Edgestream Partners L.P.'s holdings in ExxonMobil were worth $3,526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Bank of America Corp DE raised its stake in ExxonMobil by 2.0% during the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company's stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares during the last quarter. Norges Bank purchased a new position in shares of ExxonMobil in the 4th quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp increased its holdings in shares of ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company's stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the period. Northern Trust Corp increased its holdings in shares of ExxonMobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ExxonMobil by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company's stock worth $4,102,708,000 after purchasing an additional 293,446 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported second-quarter adjusted earnings of $3.52 per share and net income of $14.53 billion, its strongest quarterly profit in four years. Earnings more than doubled from $1.64 per share a year earlier, supported by higher crude prices and improved refining margins amid Middle East tensions. ExxonMobil quarterly profit hits four-year high but misses analyst estimates
• Positive Sentiment: Revenue reached approximately $114.5 billion, exceeding analysts’ expectations, while operating cash flow was reported at $23.6 billion and free cash flow at $17.2 billion. ExxonMobil also returned about $9.4 billion to shareholders, supporting the investment case for dividends and buybacks. ExxonMobil Announces Second-Quarter 2026 Results
• Positive Sentiment: Record Permian Basin production and progress in Guyana provide longer-term growth support. ExxonMobil said its Guyana-led venture has recovered its initial development costs, allowing future oil revenues to generate greater profits and cash flow. Guyana set for bigger oil profits as ExxonMobil recoups initial costs
• Neutral Sentiment: ExxonMobil continues to view the Middle East as a long-term growth opportunity, despite the Iran conflict temporarily taking roughly 500,000 barrels per day of production offline. Higher prices have partly offset the volume disruption, but the conflict increases operating and geopolitical risk. Exxon Is Bullish on Mideast Despite Half-Million-Barrel War Hit
• Negative Sentiment: Adjusted EPS of $3.52 missed the $3.56 consensus estimate, while other reports cited a wider miss against a $3.68 forecast. Scheduled refinery maintenance and repairs limited fuel-making profits, making Exxon’s results less impressive than Chevron’s earnings beat. ExxonMobil Q2 2026 earnings miss on refinery maintenance

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Piper Sandler initiated coverage on ExxonMobil in a report on Thursday, July 23rd. They set a "neutral" rating and a $158.00 price target for the company. Scotiabank boosted their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Wolfe Research cut shares of ExxonMobil from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 21st. Finally, UBS Group lifted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of "Moderate Buy" and an average price target of $163.45.

ExxonMobil Stock Performance

NYSE:XOM opened at $155.65 on Friday. The firm's fifty day simple moving average is $145.66 and its 200-day simple moving average is $148.60. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market cap of $645.16 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 0.64 and a beta of 0.17. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. During the same quarter last year, the business earned $1.64 EPS. Analysts expect that ExxonMobil Corporation will post 11.36 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil's dividend payout ratio (DPR) is 69.48%.

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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