Fifth Third Wealth Advisors LLC Grows Stake in ExxonMobil Corporation $XOM

Key Points

• Fifth Third Wealth Advisors increased its ExxonMobil stake by 4.9% in the second quarter, bringing its holdings to 204,823 shares valued at approximately $28 million. Institutional investors collectively own 61.8% of XOM.
• Analyst sentiment is mixed, with ExxonMobil carrying a consensus “Hold” rating and an average price target of $163.29. Recent targets range from $156 to $182.
• ExxonMobil reported quarterly EPS of $3.52, slightly below expectations, but revenue exceeded forecasts at $114.53 billion. The company declared a $1.03 quarterly dividend, equivalent to a 2.6% yield and $4.12 annualized payout.

Fifth Third Wealth Advisors LLC boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,823 shares of the oil and gas company's stock after acquiring an additional 9,625 shares during the quarter. ExxonMobil comprises about 0.8% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 22nd biggest position. Fifth Third Wealth Advisors LLC's holdings in ExxonMobil were worth $28,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Impact Partnership Wealth LLC boosted its holdings in shares of ExxonMobil by 0.6% in the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock worth $2,039,000 after purchasing an additional 67 shares during the period. Cardinal Strategic Wealth Guidance raised its holdings in ExxonMobil by 1.9% during the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company's stock valued at $631,000 after buying an additional 68 shares during the period. Core Wealth Advisors Inc. raised its holdings in ExxonMobil by 1.0% during the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock valued at $1,155,000 after buying an additional 68 shares during the period. ICW Investment Advisors LLC lifted its position in ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company's stock worth $3,043,000 after buying an additional 69 shares during the last quarter. Finally, Swisher Financial Concepts Inc. lifted its position in ExxonMobil by 0.3% in the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company's stock worth $4,649,000 after buying an additional 69 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. Wells Fargo & Company reiterated an "overweight" rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a "neutral" rating in a report on Friday, April 17th. Zacks Research lowered shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. TD Cowen lifted their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Finally, DZ Bank downgraded shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target on the stock. in a report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, ExxonMobil presently has an average rating of "Hold" and a consensus target price of $163.29.

ExxonMobil Price Performance

XOM opened at $159.76 on Thursday. The business has a fifty day moving average of $146.67 and a 200 day moving average of $150.21. The stock has a market cap of $662.20 billion, a P/E ratio of 20.56, a PEG ratio of 0.60 and a beta of 0.17. 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 52-week low of $105.67 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released its 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 return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 12.34 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a $1.03 dividend. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil's dividend payout ratio is presently 53.02%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Renewed fears of oil-supply disruptions are supporting ExxonMobil because its record Permian Basin production gives it significant exposure to potentially higher crude prices. Exxon Stock Jumps 3.3% as Oil Supply Fears Return
• Positive Sentiment: ExxonMobil’s second-quarter results showed strong cash generation, including $14.5 billion of net income and $9.4 billion returned through dividends and repurchases. The company declared a quarterly dividend of $1.03 and is pursuing a large, multiyear buyback program, reinforcing its income and capital-return appeal. Will ExxonMobil’s Q2 Profit Surge and Massive Buybacks Reshape Its Capital Allocation Narrative?
• Positive Sentiment: Dividend-focused investors continue to view ExxonMobil as an attractive source of income. Despite a quarterly earnings shortfall, the company generated substantial cash flow, improving confidence in dividend sustainability. Exxon’s Profit Missed. So Why Is the Dividend Getting Stronger?
• Neutral Sentiment: Brokerages currently assign ExxonMobil a consensus “Hold” rating, suggesting analysts see a balanced risk-reward profile after the stock’s recent advance. ExxonMobil Receives Consensus Rating of Hold
• Negative Sentiment: Erste Group Bank trimmed its fiscal 2027 earnings estimate to $10.97 per share from $11.00, remaining below the broader consensus estimate of $12.34. The modest cut signals caution about future earnings growth. ExxonMobil Earnings Estimate Update
• Negative Sentiment: President Trump criticized ExxonMobil and Chevron for making “too much money” amid high fuel prices. Although no specific policy action was announced, the comments raise the risk of political scrutiny, windfall-tax proposals, or other pressure on major oil companies. ExxonMobil vs. Chevron: Trump Attacks the Oil Giants
• Negative Sentiment: Second-quarter adjusted earnings of $3.52 per share missed analyst expectations, keeping near-term concerns about operating performance in focus despite substantially higher year-over-year profits. Exxon’s Profit Missed

ExxonMobil 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source