Tidal Investments LLC Sells 503,892 Shares of ExxonMobil Corporation $XOM

Key Points

• Tidal Investments cut its ExxonMobil stake by 28.1%, selling 503,892 shares during the second quarter and retaining 1.29 million shares valued at approximately $176.4 million. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil benefits from higher oil prices, a new Angola discovery and expanded Papua LNG operatorship, though analysts caution that the rally may depend on temporary geopolitical supply-risk premiums and faces regulatory and political uncertainties.
• XOM recently traded at $164.41, while analysts maintain a consensus “Hold” rating with an average price target of $167.45. The company reported quarterly revenue above estimates but slightly missed EPS expectations and declared a $1.03 quarterly dividend.

Tidal Investments LLC decreased its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 28.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,290,415 shares of the oil and gas company's stock after selling 503,892 shares during the quarter. Tidal Investments LLC's holdings in ExxonMobil were worth $176,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised 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 in the last quarter. Aventus Investment Advisors Inc. acquired a new stake in ExxonMobil in the second quarter valued at $27,000. Keewaydin Investments LLC acquired a new stake in ExxonMobil in the fourth quarter valued at $33,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil in the 1st quarter valued at about $36,000. Institutional investors own 61.80% of the company's stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: New Angola oil discovery: ExxonMobil, Angola’s National Oil, Gas and Biofuels Agency and Block 15 partners announced an oil discovery at the Vicango Este-01 exploration well. The discovery—reported as the 20th in Block 15—could strengthen ExxonMobil’s long-term production pipeline, although its eventual financial contribution depends on appraisal and development. Angola offshore discovery article
• Positive Sentiment: Oil-price tailwind: Brent crude moved above $100 a barrel and West Texas Intermediate surpassed $95 as Middle East tensions increased supply-risk concerns. Higher crude prices generally support ExxonMobil’s upstream earnings and cash flow, helping explain the stock’s advance. Energy ETFs and oil prices article
• Positive Sentiment: Portfolio and balance-sheet support: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies, while its Pioneer subsidiary launched cash tender offers for $2.1 billion of senior notes. The transactions may improve portfolio control and optimize debt, reinforcing the company’s financial flexibility. Papua LNG operatorship article
• Neutral Sentiment: Investor presentation and valuation: ExxonMobil’s Barclays energy conference presentation highlighted its operating strategy and exposure to favorable oil prices. Commentary noted that the stock has gained substantially this year and could approach $200 if crude prices and earnings remain strong, but that outcome is highly dependent on external commodity markets. ExxonMobil oil prices and $200 outlook
• Negative Sentiment: Key risks remain: Analysts and commentators warned that the recent rally may rely heavily on a temporary “war premium” in crude prices. ExxonMobil also faces ongoing uncertainty around Kazakhstan’s Kashagan environmental dispute and potential political risk in Venezuela. Kashagan dispute article

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Barclays lowered their price objective 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. Bank of America lowered ExxonMobil from a "buy" rating to a "neutral" rating and upped their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Citigroup reissued a "neutral" rating on shares of ExxonMobil in a report on Wednesday, July 8th. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Finally, Mizuho reduced their target price on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $167.45.

ExxonMobil Trading Up 2.3%

XOM opened at $164.41 on Thursday. The stock has a market capitalization of $681.48 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 0.98 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 Corporation has a twelve month low of $110.39 and a twelve month high of $176.41. The company has a 50-day simple moving average of $154.49 and a 200 day simple moving average of $152.54.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the business earned $1.64 earnings per share. Analysts predict that ExxonMobil Corporation will post 11.98 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm 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 of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil's payout ratio is 53.02%.

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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