First Eagle Investment Management LLC Sells 180,545 Shares of ExxonMobil Corporation $XOM

Key Points

• First Eagle Investment Management reduced its ExxonMobil stake by 2.9%, selling 180,545 shares and retaining 6.06 million shares valued at approximately $828.1 million. Institutional investors collectively own 61.8% of XOM.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and average price target of $167.45; 10 analysts rate the stock a Buy and 12 rate it a Hold.
• ExxonMobil reported quarterly revenue above expectations but earnings slightly below consensus, while its $1.03 quarterly dividend implies a 2.6% yield. Potential upside comes from stronger oil prices and production growth, but falling crude prices remain a key risk.

First Eagle Investment Management LLC decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,057,069 shares of the oil and gas company's stock after selling 180,545 shares during the period. First Eagle Investment Management LLC owned 0.15% of ExxonMobil worth $828,123,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Assetmark Inc. increased its position in shares of ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock worth $83,525,000 after purchasing an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its position in shares of ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock worth $16,710,000 after purchasing an additional 97,424 shares in the last quarter. CV Advisors LLC boosted its position in shares of ExxonMobil by 126.7% in the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock worth $1,584,000 after purchasing an additional 6,478 shares in the last quarter. Midwest Trust Co grew its stake in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock worth $120,623,000 after buying an additional 26,411 shares during the last quarter. Finally, King Luther Capital Management Corp grew its stake in ExxonMobil by 2.4% during the 4th 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 buying an additional 38,492 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Citigroup reiterated a "neutral" rating on shares of ExxonMobil in a research note on Wednesday, July 8th. TD Cowen boosted their price target on ExxonMobil from $155.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Barclays cut their price objective on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. DZ Bank cut shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price for the company. in a research note on Tuesday, August 4th. Finally, Mizuho dropped their target price on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $167.45.

Key ExxonMobil News

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 Trading Up 0.0%

Shares of ExxonMobil stock opened at $159.53 on Monday. The stock has a market cap of $661.24 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 0.97 and a beta of 0.18. The firm has a fifty day moving average price of $152.97 and a 200 day moving average price of $152.28. ExxonMobil Corporation has a 1 year low of $108.35 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly 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). The company had revenue of $114.53 billion for the quarter, compared to analyst estimates 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 earnings per share. Equities research analysts predict that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid 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%.

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.

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