Redwood Investment Management LLC Sells 9,556 Shares of ExxonMobil Corporation $XOM

Key Points

• Redwood Investment Management reduced its ExxonMobil stake by 40.7% in the first quarter, selling 9,556 shares and retaining 13,938 shares valued at approximately $2.37 million. Institutional investors collectively own 61.8% of the company.
• ExxonMobil reported quarterly revenue of $114.53 billion and EPS of $3.52, with earnings more than doubling year over year but narrowly missing analysts’ estimates. Record Permian production, Guyana growth and strong cash generation supported the results, while refinery maintenance and geopolitical risks remained challenges.
• The company declared a quarterly dividend of $1.03 per share, equivalent to $4.12 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $163.45.

Redwood Investment Management LLC lowered its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 40.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,938 shares of the oil and gas company's stock after selling 9,556 shares during the quarter. Redwood Investment Management LLC's holdings in ExxonMobil were worth $2,365,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC acquired a new position in ExxonMobil during the 4th quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil during the 4th quarter valued at $32,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil Trading Up 0.1%

Shares of ExxonMobil stock opened at $155.65 on Monday. The firm has a market capitalization of $645.16 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 0.64 and a beta of 0.17. 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's fifty day moving average price is $145.66 and its two-hundred day moving average price is $148.77. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The business 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 company posted $1.64 EPS. On average, analysts expect that ExxonMobil Corporation will post 11.36 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a 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: ExxonMobil reported second-quarter adjusted earnings of $3.52 per share and net income of $14.53 billion, its strongest quarterly profit in four years. Earnings more than doubled from $1.64 per share a year earlier, supported by higher crude prices and improved refining margins amid Middle East tensions. ExxonMobil quarterly profit hits four-year high but misses analyst estimates
• Positive Sentiment: Revenue reached approximately $114.5 billion, exceeding analysts’ expectations, while operating cash flow was reported at $23.6 billion and free cash flow at $17.2 billion. ExxonMobil also returned about $9.4 billion to shareholders, supporting the investment case for dividends and buybacks. ExxonMobil Announces Second-Quarter 2026 Results
• Positive Sentiment: Record Permian Basin production and progress in Guyana provide longer-term growth support. ExxonMobil said its Guyana-led venture has recovered its initial development costs, allowing future oil revenues to generate greater profits and cash flow. Guyana set for bigger oil profits as ExxonMobil recoups initial costs
• Neutral Sentiment: ExxonMobil continues to view the Middle East as a long-term growth opportunity, despite the Iran conflict temporarily taking roughly 500,000 barrels per day of production offline. Higher prices have partly offset the volume disruption, but the conflict increases operating and geopolitical risk. Exxon Is Bullish on Mideast Despite Half-Million-Barrel War Hit
• Negative Sentiment: Adjusted EPS of $3.52 missed the $3.56 consensus estimate, while other reports cited a wider miss against a $3.68 forecast. Scheduled refinery maintenance and repairs limited fuel-making profits, making Exxon’s results less impressive than Chevron’s earnings beat. ExxonMobil Q2 2026 earnings miss on refinery maintenance

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings lowered shares of ExxonMobil from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, May 21st. DZ Bank raised shares of ExxonMobil to a "strong-buy" rating in a research report on Monday, July 6th. Bank of America cut shares of ExxonMobil from a "buy" rating to a "neutral" rating and increased their target price for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Wells Fargo & Company lifted their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Finally, Morgan Stanley lowered their price target on ExxonMobil from $171.00 to $168.00 and set an "overweight" rating on the stock in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $163.45.

About ExxonMobil

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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