ExxonMobil Corporation $XOM Shares Sold by Sapient Capital LLC

Key Points

• Sapient Capital LLC cut its ExxonMobil stake by 60.3% in the second quarter, selling 82,922 shares and retaining 54,690 shares valued at approximately $7.5 million. Institutional investors collectively own 61.8% of XOM.
• Analyst sentiment is mixed: 10 analysts rate ExxonMobil a Buy and 13 a Hold, resulting in a consensus “Hold” rating and an average price target of $163.29.
• ExxonMobil reported quarterly revenue of $114.53 billion, exceeding estimates, but earnings of $3.52 per share narrowly missed expectations. The company declared a quarterly dividend of $1.03 per share, equivalent to a 2.7% annualized yield.

Sapient Capital LLC lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 60.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,690 shares of the oil and gas company's stock after selling 82,922 shares during the period. Sapient Capital LLC's holdings in ExxonMobil were worth $7,477,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of ExxonMobil in the 4th quarter worth $7,625,063,000. Quantum Portfolio Management LLC purchased a new stake in ExxonMobil during the first quarter valued at about $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in ExxonMobil during the first quarter valued at about $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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. Finally, Van ECK Associates Corp increased its stake in ExxonMobil by 334.4% during the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company's stock worth $368,541,000 after acquiring an additional 2,357,467 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on XOM shares. DZ Bank lowered ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective on the stock. in a research note on Tuesday, August 4th. TD Cowen increased their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday. Sanford C. Bernstein cut their price target on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a report on Monday, May 11th. Barclays lifted their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an "overweight" rating in a research report on Tuesday, May 26th. Finally, UBS Group set a $168.00 price objective on shares of ExxonMobil in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $163.29.

ExxonMobil Stock Performance

Shares of XOM stock opened at $152.88 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company's fifty day moving average price is $146.12 and its two-hundred day moving average price is $149.64. The firm has a market capitalization of $633.67 billion, a P/E ratio of 19.68, a P/E/G ratio of 0.58 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the business earned $1.64 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 12.34 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported resilient second-quarter cash flow, record Permian production, strong refining performance and signs that Guyana is reaching a free-cash-flow inflection point. These developments support production growth and future shareholder returns. XOM Q2 Earnings Call Highlights Refining Strength and Guyana Cash Flow
• Positive Sentiment: The company’s dividend increased despite earnings falling slightly short of expectations, reinforcing ExxonMobil’s appeal to income-focused investors and signaling confidence in cash generation. Exxon's Profit Fell Short. Its Dividend Didn't.
• Positive Sentiment: ExxonMobil awarded McDermott a letter of intent for limited engineering and procurement work on the Rovuma LNG Phase 1 project in Mozambique, advancing a potentially significant long-term growth asset. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project

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.

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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