NewEdge Advisors LLC Has $221.72 Million Holdings in ExxonMobil Corporation $XOM

Key Points

• NewEdge Advisors increased its ExxonMobil stake by 3% in the second quarter to 1.62 million shares valued at approximately $221.7 million. Institutional investors collectively own 61.8% of XOM.
• Analyst sentiment remains mixed: Wells Fargo and Barclays maintained “overweight” ratings, while Mizuho and Bank of America were neutral. ExxonMobil has a consensus “Hold” rating and an average price target of $167.45.
• ExxonMobil’s shares opened at $160.76, while the company reported quarterly revenue above expectations but EPS slightly below forecasts. It also declared a quarterly dividend of $1.03 per share, representing a 2.6% annualized yield.

NewEdge Advisors LLC lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,621,680 shares of the oil and gas company's stock after acquiring an additional 46,511 shares during the period. ExxonMobil makes up about 0.7% of NewEdge Advisors LLC's investment portfolio, making the stock its 28th largest holding. NewEdge Advisors LLC's holdings in ExxonMobil were worth $221,716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. Avant Capital LLC increased its stake in ExxonMobil by 0.6% in the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock valued at $1,529,000 after buying an additional 65 shares during the last quarter. Impact Partnership Wealth LLC lifted its position in shares of ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock valued at $2,039,000 after buying an additional 67 shares during the last quarter. Cardinal Strategic Wealth Guidance boosted its position in ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company's stock worth $631,000 after purchasing an additional 68 shares during the period. Core Wealth Advisors Inc. boosted its holdings in shares of 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 worth $1,155,000 after buying an additional 68 shares during the period. Finally, ICW Investment Advisors LLC grew its position in shares of 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 valued at $3,043,000 after purchasing an additional 69 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wells Fargo & Company reiterated an "overweight" rating and issued a $182.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Mizuho reduced their price objective on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 9th. Bank of America cut shares of ExxonMobil from a "buy" rating to a "neutral" rating and increased their target price for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Barclays reduced their price target on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, ExxonMobil presently has a consensus rating of "Hold" and an average price target of $167.45.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Debt tender offer signals active liability management: ExxonMobil’s wholly owned Pioneer Natural Resources subsidiary offered to purchase up to $2.1 billion of outstanding senior notes—$1.1 billion due in 2030 and $1 billion due in 2031. The move could reduce refinancing exposure and optimize debt costs, supporting investor confidence. The offers expire September 14. ExxonMobil cash tender offers
• Positive Sentiment: Analysts remain constructive: Piper Sandler sees ExxonMobil potentially reaching new highs after a roughly 30% 2026 rally, citing elevated oil prices and solid earnings. Other coverage points to higher oil prices, cost savings and lower debt as potential drivers of future profits. Piper Sandler ExxonMobil outlook
• Positive Sentiment: Papua LNG advances: ExxonMobil is set to become operator of the Papua LNG project after development costs were reduced to approximately $14 billion. Progress toward a final investment decision strengthens Exxon’s long-term production and LNG growth pipeline, though it will require substantial capital. Papua LNG cost reduction
• Neutral Sentiment: Dividend record supports the investment case: ExxonMobil has raised its dividend for 43 consecutive years, including during the 2020 downturn. The history reinforces its reputation for shareholder returns but does not represent a new payout increase. ExxonMobil dividend history
• Neutral Sentiment: Possible Venezuela opportunity remains speculative: Chevron’s expanded Venezuelan agreement could provide a model for ExxonMobil to re-enter the country, but management previously called the market “uninvestable.” Any benefit depends on sanctions, political stability and contract terms. ExxonMobil and Venezuela
• Negative Sentiment: Kashagan dispute is unresolved: Kazakhstan paused enforcement of a reported $5.06 billion environmental claim involving the Kashagan project, offering near-term relief. However, international arbitration continues, leaving a significant legal and financial overhang. ExxonMobil Kazakhstan dispute

ExxonMobil Stock Up 0.8%

Shares of NYSE:XOM opened at $160.76 on Wednesday. The business has a fifty day simple moving average of $153.93 and a 200 day simple moving average of $152.45. ExxonMobil Corporation has a 12-month low of $110.39 and a 12-month high of $176.41. The firm has a market cap of $666.36 billion, a P/E ratio of 20.69, a P/E/G 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.

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 net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the prior year, the company posted $1.64 EPS. Analysts predict that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil's payout ratio is currently 53.02%.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.

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