Old Mission Investment Co LLC Acquires New Position in ExxonMobil Corporation $XOM

Key Points

• Old Mission Investment Co. LLC acquired 42,868 ExxonMobil shares worth approximately $5.86 million in the second quarter, making XOM its 16th-largest holding. Institutional investors collectively own 61.8% of the company.
• Analyst sentiment is mixed, with ExxonMobil carrying a consensus “Hold” rating and an average price target of $167.45; targets range from $156 to $182.
• ExxonMobil reported quarterly revenue above expectations but EPS slightly below consensus, while maintaining a $1.03 quarterly dividend, equivalent to a 2.6% annualized yield. Near-term performance remains tied to oil prices and refining conditions.

Old Mission Investment Co LLC acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,868 shares of the oil and gas company's stock, valued at approximately $5,861,000. ExxonMobil comprises about 1.2% of Old Mission Investment Co LLC's investment portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC boosted its holdings in ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP bought a new stake in ExxonMobil during the 1st quarter valued at $305,000. Sivia Capital Partners LLC raised its holdings in ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock valued at $1,211,000 after acquiring an additional 207 shares during the period. United Bank lifted its position in shares of ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company's stock worth $2,352,000 after acquiring an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock worth $3,957,000 after acquiring an additional 5,443 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. Morgan Stanley lifted their price target on ExxonMobil from $168.00 to $177.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Bank of America cut 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. DZ Bank downgraded 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. Zacks Research lowered ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $182.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil presently has an average rating of "Hold" and a consensus price target of $167.45.

ExxonMobil Price Performance

NYSE:XOM opened at $159.53 on Friday. ExxonMobil Corporation has a 52-week low of $108.35 and a 52-week high of $176.41. The stock has a fifty day moving average of $152.97 and a 200 day moving average of $152.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a market capitalization of $661.24 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.00 and a beta of 0.18.

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 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 the consensus estimate of $109.94 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. On average, research analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current fiscal 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 issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil's payout ratio is presently 53.02%.

Key Headlines Impacting ExxonMobil

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 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.

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