Saudi Central Bank Has $39.78 Million Holdings in ExxonMobil Corporation $XOM

Key Points

• Saudi Central Bank increased its ExxonMobil stake by 86.9% in the second quarter, adding 135,300 shares to own 290,960 shares valued at approximately $39.78 million. Institutional investors collectively hold 61.8% of XOM.
• ExxonMobil reported quarterly EPS of $3.52, slightly below the $3.56 consensus, while revenue of $114.53 billion exceeded expectations. The company declared a quarterly dividend of $1.03 per share, representing a 2.6% annualized yield.
• Analysts maintain a consensus “Hold” rating with a $167.45 target price, compared with the stock’s recent price of $159.53. The outlook is supported by higher oil prices and production growth, but remains vulnerable to falling crude prices and political or regulatory tensions.

Saudi Central Bank increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 86.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 290,960 shares of the oil and gas company's stock after acquiring an additional 135,300 shares during the quarter. Saudi Central Bank's holdings in ExxonMobil were worth $39,780,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $7,625,063,000. GQG Partners LLC raised its position in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC bought a new stake in shares of ExxonMobil in the first quarter valued at approximately $965,932,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of ExxonMobil in the first quarter valued at approximately $766,345,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company's stock worth $1,925,119,000 after buying an additional 2,465,410 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil Trading Down 1.7%

Shares of ExxonMobil stock opened at $159.53 on Friday. The firm has a market capitalization of $661.24 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $152.97 and its 200 day moving average is $152.25. ExxonMobil Corporation has a 1 year low of $108.35 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released 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 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 quarter in the prior year, the company earned $1.64 earnings per share. Equities research analysts forecast that ExxonMobil Corporation will post 11.98 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared 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 is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil's dividend payout ratio is 53.02%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOM. UBS Group set a $168.00 price objective on ExxonMobil in a research note on Friday, August 7th. Zacks Research downgraded ExxonMobil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Wall Street Zen upgraded ExxonMobil to a "hold" rating in a research report on Saturday. Finally, Barclays dropped their price target on ExxonMobil from $182.00 to $177.00 and set an "overweight" rating for the company in a research note on Monday, August 17th. Ten 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $167.45.

ExxonMobil News Roundup

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?

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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