QRG Capital Management Inc. Has $100.31 Million Stake in ExxonMobil Corporation $XOM

Key Points

• QRG Capital Management increased its ExxonMobil stake by 7.4% in the second quarter, holding 733,692 shares valued at approximately $100.31 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil reported quarterly revenue of $114.53 billion, above estimates, but earnings of $3.52 per share slightly missed expectations. The company also pays a quarterly dividend of $1.03, equivalent to a 2.6% annualized yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $167.45, while ExxonMobil’s growth outlook is supported by strong production, cash generation, LNG expansion plans and a relatively low debt-to-capitalization ratio.

QRG Capital Management Inc. increased its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,692 shares of the oil and gas company's stock after buying an additional 50,285 shares during the quarter. ExxonMobil comprises approximately 0.7% of QRG Capital Management Inc.'s investment portfolio, making the stock its 25th biggest position. QRG Capital Management Inc.'s holdings in ExxonMobil were worth $100,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil during the 2nd quarter worth $27,000. Keewaydin Investments LLC acquired a new position in ExxonMobil in the fourth quarter valued at about $33,000. Portus Wealth Advisors LLC bought a new stake in ExxonMobil during the first quarter worth about $36,000. Hyposwiss Advisors SA acquired a new stake in ExxonMobil during the fourth quarter worth about $37,000. Finally, Atlantic Private Wealth LLC grew its stake in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after buying an additional 202 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reportedly delivered record oil production and revenue while maintaining lower capital spending. Higher output from high-return assets, including the Permian Basin, along with technology and efficiency gains, supports margins and free-cash-flow generation. ExxonMobil Delivers Record Oil Output and Revenue on Lower Spending
• Positive Sentiment: A debt-to-capitalization ratio of 13.73% gives XOM balance-sheet flexibility to withstand oil and gas price swings while continuing operations, capital investment and shareholder distributions. How ExxonMobil's Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Strong cash generation is allowing ExxonMobil to fund growth projects and shareholder returns simultaneously, supporting management’s 2030 earnings and cash-flow objectives. Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: The company’s plan to expand LNG sales toward 50 million tons by 2030 could strengthen its position in global gas markets and diversify earnings beyond traditional upstream oil. Exxon’s 2030 LNG Sales Target
• Neutral Sentiment: Potential disruption around the Strait of Hormuz could lift crude prices and create upside for ExxonMobil, but the market’s muted reaction and recent oil weakness show that the benefit remains uncertain. If Hormuz Stays Shut, How High Can Exxon Go?
• Neutral Sentiment: ExxonMobil is reportedly considering a return to Venezuela, which could provide access to substantial resources but would also expose the company to political, regulatory and execution risks. Exxon Could Return to Venezuela
• Negative Sentiment: Some current energy-market enthusiasm is directed toward Chevron rather than ExxonMobil, while uncertainty over oil prices and Middle East developments may limit near-term enthusiasm for XOM.

ExxonMobil Price Performance

XOM stock traded up $2.45 during trading on Wednesday, reaching $161.16. 12,567,237 shares of the company were exchanged, compared to its average volume of 18,580,574. The company has a market capitalization of $668.00 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 0.97 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a 50-day moving average of $158.76 and a two-hundred day moving average of $153.38. ExxonMobil Corporation has a twelve month low of $110.39 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued 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). The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, equities analysts predict that ExxonMobil Corporation will post 11.93 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were 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 was Monday, August 17th. ExxonMobil's dividend payout ratio is presently 53.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Wall Street Zen upgraded shares of ExxonMobil to a "hold" rating in a research report on Saturday, September 5th. HSBC set a $158.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Mizuho lowered their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. TD Cowen raised their target price on ExxonMobil from $155.00 to $168.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of "Hold" and a consensus price target of $167.45.

ExxonMobil 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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