ExxonMobil Corporation $XOM Stock Position Raised by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its ExxonMobil stake by 9.8% in the second quarter to 74,295 shares valued at approximately $10.3 million. Institutional investors collectively own 61.8% of XOM.
• Analyst sentiment remains mixed, with ExxonMobil carrying an average “Hold” rating and a $167.45 average price target; 10 analysts rate it Buy and 12 rate it Hold.
• ExxonMobil reported quarterly revenue above expectations but EPS slightly below consensus, while its $1.03 quarterly dividend provides a 2.6% annualized yield. Earnings remain sensitive to crude oil prices and refining conditions.

Wedmont Private Capital increased its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 9.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,295 shares of the oil and gas company's stock after acquiring an additional 6,623 shares during the quarter. Wedmont Private Capital's holdings in ExxonMobil were worth $10,318,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XOM. Assetmark Inc. lifted its position in ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock worth $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co grew its holdings in shares of ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock valued at $16,710,000 after acquiring an additional 97,424 shares in the last quarter. CV Advisors LLC grew its holdings in shares of ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock valued at $1,584,000 after acquiring an additional 6,478 shares in the last quarter. Midwest Trust Co increased its stake in shares of ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock worth $120,623,000 after acquiring an additional 26,411 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company's stock worth $200,366,000 after acquiring an additional 38,492 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on XOM shares. Sanford C. Bernstein lowered their target price on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research note on Monday, May 11th. Zacks Research lowered ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Weiss Ratings raised ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Bank of America downgraded ExxonMobil from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of ExxonMobil to a "hold" rating in a research note on Saturday. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, ExxonMobil presently has an average rating of "Hold" and an average target price of $167.45.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
• Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
• Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
• Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
• Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?

ExxonMobil Stock Up 0.0%

Shares of ExxonMobil stock opened at $159.53 on Monday. The stock has a market capitalization of $661.24 billion, a P/E ratio of 20.53, a PEG ratio of 0.97 and a beta of 0.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $152.97 and a two-hundred day moving average price of $152.28. ExxonMobil Corporation has a 12-month low of $108.35 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS 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 firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the prior year, the business earned $1.64 EPS. Equities analysts expect that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company 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 $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

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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