Ninepoint Partners LP Purchases New Holdings in ExxonMobil Corporation $XOM

Ninepoint Partners LP acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,497 shares of the oil and gas company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil during the 2nd quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil in the first quarter worth approximately $36,000. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil during the fourth quarter valued at approximately $27,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of 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 valued at $27,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

XOM stock opened at $165.18 on Friday. The company has a market cap of $684.66 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17. ExxonMobil Corporation has a 1 year low of $108.35 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock’s fifty day moving average price is $148.58 and its 200-day moving average price is $151.38.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data 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 net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter last year, the company posted $1.64 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is currently 53.02%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Bank of America cut 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 report on Tuesday, July 28th. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Barclays lowered their price target on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $166.10.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising oil prices are the clearest near-term catalyst. Brent crude recently moved above $93–$95 per barrel amid Strait of Hormuz disruption, geopolitical tensions and declining Russian exports, improving the outlook for ExxonMobil’s upstream cash flow and shareholder returns. Exxon Jumps 2% as Brent Crude Breaks Above $93
• Positive Sentiment: Analysts continue to point to ExxonMobil’s advantaged Guyana and Permian production, cost savings and expected volume growth as supports for earnings and free cash flow. These low-cost assets should provide particularly strong operating leverage if oil remains above $80. Cost Savings and Production Growth Strengthen ExxonMobil’s Outlook
• Positive Sentiment: A 20-year infrastructure agreement with Targa Resources across the Permian’s Delaware and Midland basins should improve long-term processing and takeaway capacity for ExxonMobil, helping support production growth through 2046. Targa Resources Secures 20-Year Deal With ExxonMobil
• Positive Sentiment: ExxonMobil is advancing growth projects, including a Nigerian deepwater campaign expected to add up to 40,000 barrels per day at the Usan field and contractor work for Rovuma LNG pipelines. Successful execution could diversify and expand future production.
• Neutral Sentiment: ExxonMobil is being highlighted as a long-term momentum and dividend investment, reflecting its scale, cash-return capacity and recent energy-sector strength. These are supportive investor themes but do not represent new company-specific developments. Why Exxon Mobil Holdings Is a Top Momentum Stock
• Negative Sentiment: A German regulator reportedly found a carbon-credit project backed by an ExxonMobil unit suspicious, creating reputational and potential regulatory risk for the company’s lower-carbon initiatives. ExxonMobil-Backed Carbon Credits Project Found Suspicious
• Negative Sentiment: ExxonMobil has warned that Kazakhstan’s leading oil field could reach peak production within several years, highlighting depletion and geopolitical risks that may weigh on longer-term growth.

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.