Chesley Taft & Associates LLC Sells 4,943 Shares of ExxonMobil Corporation $XOM

Chesley Taft & Associates LLC decreased its position in ExxonMobil Corporation (NYSE:XOM) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 129,699 shares of the oil and gas company’s stock after selling 4,943 shares during the period. Chesley Taft & Associates LLC’s holdings in ExxonMobil were worth $17,732,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Portus Wealth Advisors LLC bought a new stake in ExxonMobil during the 1st quarter valued at $36,000. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil during the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. grew its stake in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its stake in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Summary

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

Shares of ExxonMobil stock opened at $152.88 on Friday. The company has a 50 day moving average price of $146.12 and a 200 day moving average price of $149.50. The firm has a market capitalization of $633.67 billion, a P/E ratio of 19.68, a PEG ratio of 0.59 and a beta of 0.17. 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 52 week low of $105.53 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the prior year, the firm posted $1.64 EPS. Sell-side analysts expect that ExxonMobil Corporation will post 12.34 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed 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 2.7%. ExxonMobil’s payout ratio is 53.02%.

Analyst Upgrades and Downgrades

Several analysts have commented on XOM shares. UBS Group set a $168.00 price target on shares of ExxonMobil in a research report on Friday. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley decreased their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Weiss Ratings raised shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, ExxonMobil has an average rating of “Hold” and an average price target of $163.29.

ExxonMobil Company 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.