NewEdge Advisors LLC Reduces Holdings in ExxonMobil Corporation $XOM

NewEdge Advisors LLC lowered its position in shares of ExxonMobil Corporation (NYSE:XOM) by 12.8% during the first quarter, Holdings Channel reports. The firm owned 1,575,169 shares of the oil and gas company’s stock after selling 230,336 shares during the quarter. ExxonMobil makes up about 1.0% of NewEdge Advisors LLC’s portfolio, making the stock its 13th largest holding. NewEdge Advisors LLC’s holdings in ExxonMobil were worth $267,243,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XOM. Blue Edge Capital LLC grew its stake in ExxonMobil by 10.8% during the 1st quarter. Blue Edge Capital LLC now owns 46,079 shares of the oil and gas company’s stock worth $7,818,000 after buying an additional 4,475 shares during the last quarter. First Nebraska Trust Co purchased a new stake in ExxonMobil in the first quarter valued at approximately $8,896,000. Foguth Wealth Management LLC. boosted its holdings in shares of ExxonMobil by 4.1% in the first quarter. Foguth Wealth Management LLC. now owns 2,185 shares of the oil and gas company’s stock valued at $371,000 after acquiring an additional 87 shares during the period. Financial Solutions Advisory Group Inc. acquired a new stake in shares of ExxonMobil in the first quarter valued at approximately $1,747,000. Finally, Dala Group LLC purchased a new position in shares of ExxonMobil during the first quarter worth approximately $400,000. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

NYSE:XOM opened at $151.53 on Thursday. 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 fifty-two week low of $105.53 and a fifty-two week high of $176.41. The stock has a market cap of $628.08 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The firm’s fifty day simple moving average is $145.82 and its 200-day simple moving average is $149.30.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data 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). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the business earned $1.64 EPS. Analysts expect that ExxonMobil Corporation will post 11.54 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s second-quarter results highlighted strong production, higher oil prices, record refining margins and a solid balance sheet. Analysts say these factors support the company’s longer-term outlook, while one valuation review estimates the shares could be about 9% undervalued. Zacks Analyst Blog Highlights ExxonMobil, Chevron and BP ExxonMobil Could Be 9% Undervalued
• Positive Sentiment: Supply disruptions linked to the Middle East conflict have tightened global fuel markets and driven refining margins higher, benefiting ExxonMobil’s downstream operations. The company also selected Sercel’s Marlin software to coordinate pipe-laying and mooring work at its Whiptail project in Guyana, supporting execution of a key growth asset. Middle East War Triggers New Global Refining Boom ExxonMobil Selects Sercel’s Marlin Software Suite
• Neutral Sentiment: Analyst sentiment remains mixed. Freedom Capital raised XOM from “strong sell” to “hold,” while DZ Bank lowered its rating from “buy” to “hold” but maintained a $156 price target, indicating limited near-term upside.
• Negative Sentiment: President Donald Trump criticized ExxonMobil and Chevron for earning “too much money” and urged them to lower gasoline prices. Although the comments do not immediately change earnings, they raise political and regulatory risks and could pressure margins if the company responds with price reductions. Trump Pressures Exxon and Chevron to Lower Gas Prices
• Negative Sentiment: ExxonMobil narrowly missed second-quarter EPS expectations, reporting $3.52 versus the $3.56 consensus. The earnings shortfall may be weighing on the stock despite revenue exceeding estimates and profits improving substantially from the prior year.

Analyst Upgrades and Downgrades

Several analysts recently commented on XOM shares. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Morgan Stanley dropped their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a report on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $162.95.

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.