ExxonMobil Corporation $XOM Shares Sold by LexAurum Advisors LLC

Key Points

• LexAurum Advisors cut its ExxonMobil stake by 75.1% in the third quarter, selling 8,442 shares and retaining 2,805 shares valued at approximately $457,000.
• Despite LexAurum’s reduction, several major institutions increased their positions, and institutional investors collectively own 61.8% of ExxonMobil’s stock.
• ExxonMobil offers a $1.03 quarterly dividend, equivalent to a 2.3% yield, while analysts maintain a consensus “Hold” rating with an average price target of $167.30.

LexAurum Advisors LLC decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 75.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,805 shares of the oil and gas company's stock after selling 8,442 shares during the period. LexAurum Advisors LLC's holdings in ExxonMobil were worth $457,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of XOM. Dimensional Fund Advisors LP lifted its position in shares of ExxonMobil by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the period. Amundi grew its position in ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares during the period. GQG Partners LLC grew its position in 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 acquiring an additional 10,214,420 shares during the period. Swiss National Bank raised its stake in ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock worth $2,099,783,000 after acquiring an additional 693,800 shares in the last quarter. Finally, National Pension Service raised its stake in ExxonMobil by 1.8% during the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock worth $1,321,265,000 after acquiring an additional 166,268 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Trading Down 0.3%

Shares of XOM opened at $178.36 on Tuesday. The stock has a fifty day moving average price of $164.22 and a two-hundred day moving average price of $154.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a 52-week low of $111.98 and a 52-week high of $179.30. The company has a market cap of $739.30 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.04 and a beta of 0.21.

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 (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the company earned $1.64 EPS. Analysts predict that ExxonMobil Corporation will post 12.52 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, August 17th. ExxonMobil's dividend payout ratio is presently 53.02%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho cut their price objective on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. UBS Group reaffirmed a "buy" rating and issued a $199.00 target price on shares of ExxonMobil in a report on Monday. Argus increased their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Citigroup reissued a "neutral" rating and set a $175.00 price target (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and lifted their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $167.30.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target on ExxonMobil from $177 to $200 and upgraded the stock to “overweight,” implying approximately 12% upside from the referenced price. The move reflects stronger analyst confidence in ExxonMobil’s earnings outlook. Barclays ExxonMobil price target update
• Positive Sentiment: ExxonMobil has indicated that stronger refining margins could provide a significant boost to third-quarter results, with estimates pointing to a potential $4.5 billion refining tailwind. Improving Permian production, drilling efficiency and cost discipline also support the company’s upstream outlook. ExxonMobil refining tailwind
• Positive Sentiment: Proponent became an authorized distributor of ExxonMobil Aviation lubricants in the Americas, expanding ExxonMobil’s aftermarket distribution reach. The announcement is strategically positive but likely has limited near-term earnings impact. ExxonMobil aviation lubricants distribution agreement
• Neutral Sentiment: Analyst commentary continues to highlight ExxonMobil’s diversified business across exploration, refining, chemicals and specialty products. That diversification supports cash generation and dividend security, although the stock’s yield is viewed as relatively modest. ExxonMobil dividend analysis
• Negative Sentiment: The main pressure on XOM is the decline in crude prices from recent highs. Lower oil prices can reduce upstream revenue and profit expectations, even as refining margins remain favorable. ExxonMobil shares and crude oil prices

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil NYSE: XOM, is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM - Free Report).

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.