ExxonMobil Corporation $XOM Holdings Lifted by RPg Family Wealth Advisory LLC

Key Points

• RPg Family Wealth Advisory LLC increased its ExxonMobil position by 205.4% in the second quarter, bringing its holdings to 225,964 shares worth approximately $30.9 million. Other institutional investors also raised or initiated positions, and institutions collectively own 61.8% of XOM.
• Analyst sentiment remains mixed, with 10 Buy ratings and 12 Hold ratings; ExxonMobil has an average rating of “Hold” and an average price target of $166.10, compared with its recent price of $156.88.
• ExxonMobil reported quarterly revenue of $114.53 billion but narrowly missed earnings estimates, posting $3.52 per share versus $3.56 expected. The company declared a quarterly dividend of $1.03 per share, equivalent to a 2.6% annualized yield.

RPg Family Wealth Advisory LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 205.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,964 shares of the oil and gas company's stock after purchasing an additional 151,978 shares during the period. ExxonMobil accounts for about 4.9% of RPg Family Wealth Advisory LLC's investment portfolio, making the stock its largest position. RPg Family Wealth Advisory LLC's holdings in ExxonMobil were worth $30,894,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC boosted its stake in ExxonMobil by 1,399.3% in the 2nd quarter. Headlands Technologies LLC now owns 19,866 shares of the oil and gas company's stock worth $2,716,000 after buying an additional 18,541 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of ExxonMobil during the 2nd quarter worth about $16,870,000. Alyeska Investment Group L.P. acquired a new stake in shares of ExxonMobil in the second quarter worth approximately $1,505,000. Flputnam Investment Management Co. boosted its position in shares of ExxonMobil by 30.5% in the second quarter. Flputnam Investment Management Co. now owns 114,111 shares of the oil and gas company's stock worth $15,601,000 after acquiring an additional 26,643 shares during the last quarter. Finally, Davidson Investment Advisors grew its holdings in ExxonMobil by 32.0% in the second quarter. Davidson Investment Advisors now owns 1,601 shares of the oil and gas company's stock valued at $219,000 after purchasing an additional 388 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. Wells Fargo & Company reissued an "overweight" rating and set a $182.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Zacks Research downgraded ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, ExxonMobil presently has an average rating of "Hold" and an average price target of $166.10.

ExxonMobil Stock Up 0.1%

XOM opened at $156.88 on Monday. ExxonMobil Corporation has a 1 year low of $108.35 and a 1 year high of $176.41. The firm has a 50 day moving average price of $150.53 and a 200 day moving average price of $151.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market cap of $650.26 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17.

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 analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the firm earned $1.64 earnings per share. Sell-side analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 annualized dividend and a dividend yield of 2.6%. ExxonMobil's payout ratio is presently 53.02%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I'm Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil's Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

ExxonMobil Company Profile

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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