Victrix Investment Advisors Sells 7,099 Shares of ExxonMobil Corporation $XOM

Key Points

• Victrix Investment Advisors cut its ExxonMobil stake by 59.1% in the second quarter, selling 7,099 shares and retaining 4,914 shares valued at approximately $672,000. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil reported resilient cash flow, record Permian production and strong refining performance, while increasing its quarterly dividend to $1.03 per share, or $4.12 annually, for a 2.7% yield.
• XOM recently traded at $152.88 after quarterly EPS of $3.52 narrowly missed estimates, though revenue exceeded forecasts. Analysts maintain a consensus “Hold” rating with an average price target of $163.29.

Victrix Investment Advisors lessened its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 59.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,914 shares of the oil and gas company's stock after selling 7,099 shares during the period. Victrix Investment Advisors' holdings in ExxonMobil were worth $672,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Puff Wealth Management LLC acquired a new position in ExxonMobil during the 2nd quarter valued at about $631,000. Brave Asset Management Inc. raised its stake in shares of ExxonMobil by 239.9% in the second quarter. Brave Asset Management Inc. now owns 24,333 shares of the oil and gas company's stock worth $3,327,000 after purchasing an additional 17,174 shares during the last quarter. Threadgill Financial LLC raised its stake in shares of ExxonMobil by 0.5% in the second quarter. Threadgill Financial LLC now owns 28,237 shares of the oil and gas company's stock worth $3,861,000 after purchasing an additional 135 shares during the last quarter. Attessa Capital LLC lifted its holdings in shares of ExxonMobil by 44.3% in the second quarter. Attessa Capital LLC now owns 5,192 shares of the oil and gas company's stock valued at $710,000 after purchasing an additional 1,594 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of ExxonMobil by 3.7% in the second quarter. Czech National Bank now owns 1,179,811 shares of the oil and gas company's stock valued at $161,304,000 after purchasing an additional 41,678 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported resilient second-quarter cash flow, record Permian production, strong refining performance and signs that Guyana is reaching a free-cash-flow inflection point. These developments support production growth and future shareholder returns. XOM Q2 Earnings Call Highlights Refining Strength and Guyana Cash Flow
• Positive Sentiment: The company’s dividend increased despite earnings falling slightly short of expectations, reinforcing ExxonMobil’s appeal to income-focused investors and signaling confidence in cash generation. Exxon's Profit Fell Short. Its Dividend Didn't.
• Positive Sentiment: ExxonMobil awarded McDermott a letter of intent for limited engineering and procurement work on the Rovuma LNG Phase 1 project in Mozambique, advancing a potentially significant long-term growth asset. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project

ExxonMobil Stock Performance

XOM stock opened at $152.88 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm has a market cap of $633.67 billion, a PE ratio of 19.68, a P/E/G ratio of 0.59 and a beta of 0.17. The business has a 50 day moving average of $146.12 and a 200-day moving average of $149.50. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS 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 for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the business posted $1.64 earnings per share. As a group, sell-side analysts expect that ExxonMobil Corporation will post 12.34 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 17th. ExxonMobil's payout ratio is presently 53.02%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Citigroup reiterated a "neutral" rating on shares of ExxonMobil in a report on Wednesday, July 8th. Wolfe Research cut ExxonMobil from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 21st. Morgan Stanley cut their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an "overweight" rating on the stock in a report on Monday, June 29th. 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 research note on Thursday, July 9th. Finally, Barclays increased their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $163.29.

ExxonMobil 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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