ExxonMobil Corporation $XOM Shares Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its ExxonMobil stake by 13.6% in the second quarter, adding 30,423 shares to own 253,420 shares valued at approximately $34.6 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil shares rose 1.5% to $161.16, while the company reported quarterly revenue of $114.53 billion but earnings per share of $3.52, slightly below analysts’ $3.56 estimate.
• ExxonMobil paid a quarterly dividend of $1.03 per share, equal to a 2.6% annualized yield. Analysts’ consensus rating is Hold, with an average price target of $167.45.

Envestnet Portfolio Solutions Inc. grew its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,420 shares of the oil and gas company's stock after buying an additional 30,423 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in ExxonMobil were worth $34,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Premier Financial Group acquired a new position in shares of ExxonMobil during the 2nd quarter valued at $286,000. Security National Bank of Sioux City Iowa IA lifted its holdings in shares of ExxonMobil by 19.8% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 31,120 shares of the oil and gas company's stock valued at $4,255,000 after buying an additional 5,154 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of ExxonMobil by 6.8% in the second quarter. Anchor Investment Management LLC now owns 89,385 shares of the oil and gas company's stock valued at $12,221,000 after buying an additional 5,705 shares during the period. Bullseye Investment Management LLC bought a new position in ExxonMobil during the second quarter valued at about $83,000. Finally, Talon Private Wealth LLC boosted its stake in ExxonMobil by 30.6% during the second quarter. Talon Private Wealth LLC now owns 23,194 shares of the oil and gas company's stock valued at $3,171,000 after buying an additional 5,440 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Trading Up 1.5%

Shares of NYSE XOM traded up $2.45 during mid-day trading on Wednesday, hitting $161.16. 12,567,237 shares of the company traded hands, compared to its average volume of 18,580,574. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 1 year low of $110.39 and a 1 year high of $176.41. The stock has a market capitalization of $668.00 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.97 and a beta of 0.18. The business has a 50 day moving average of $158.76 and a two-hundred day moving average of $153.38.

ExxonMobil (NYSE:XOM - Get Free Report) last issued 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). The company had revenue of $114.53 billion during 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 in the prior year, the business posted $1.64 EPS. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 11.93 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a research report on Monday, August 17th. Mizuho reduced their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. Zacks Research cut shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Citigroup reiterated a "neutral" rating on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of ExxonMobil to a "hold" rating in a research note on Saturday, September 5th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $167.45.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reportedly delivered record oil production and revenue while maintaining lower capital spending. Higher output from high-return assets, including the Permian Basin, along with technology and efficiency gains, supports margins and free-cash-flow generation. ExxonMobil Delivers Record Oil Output and Revenue on Lower Spending
• Positive Sentiment: A debt-to-capitalization ratio of 13.73% gives XOM balance-sheet flexibility to withstand oil and gas price swings while continuing operations, capital investment and shareholder distributions. How ExxonMobil's Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Strong cash generation is allowing ExxonMobil to fund growth projects and shareholder returns simultaneously, supporting management’s 2030 earnings and cash-flow objectives. Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: The company’s plan to expand LNG sales toward 50 million tons by 2030 could strengthen its position in global gas markets and diversify earnings beyond traditional upstream oil. Exxon’s 2030 LNG Sales Target
• Neutral Sentiment: Potential disruption around the Strait of Hormuz could lift crude prices and create upside for ExxonMobil, but the market’s muted reaction and recent oil weakness show that the benefit remains uncertain. If Hormuz Stays Shut, How High Can Exxon Go?
• Neutral Sentiment: ExxonMobil is reportedly considering a return to Venezuela, which could provide access to substantial resources but would also expose the company to political, regulatory and execution risks. Exxon Could Return to Venezuela
• Negative Sentiment: Some current energy-market enthusiasm is directed toward Chevron rather than ExxonMobil, while uncertainty over oil prices and Middle East developments may limit near-term enthusiasm for XOM.

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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