ExxonMobil Corporation $XOM is Sanders Morris Harris LLC’s 5th Largest Position

Sanders Morris Harris LLC reduced its stake in ExxonMobil Corporation (NYSE:XOM) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,035 shares of the oil and gas company’s stock after selling 12,026 shares during the period. ExxonMobil accounts for about 6.3% of Sanders Morris Harris LLC’s holdings, making the stock its 5th biggest position. Sanders Morris Harris LLC’s holdings in ExxonMobil were worth $10,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in ExxonMobil in the fourth quarter valued at $7,625,063,000. Quantum Portfolio Management LLC acquired a new stake in shares of ExxonMobil during the first quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ExxonMobil in the 1st quarter valued at about $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ExxonMobil by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock valued at $1,925,119,000 after purchasing an additional 2,465,410 shares during the period. Finally, Van ECK Associates Corp grew its stake in ExxonMobil by 334.4% during the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock worth $368,541,000 after buying an additional 2,357,467 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 1.6%

Shares of ExxonMobil stock opened at $151.53 on Thursday. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The company has a market cap of $628.08 billion, a P/E ratio of 19.50, a PEG ratio of 0.62 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a fifty day moving average of $145.82 and a two-hundred day moving average of $149.30.

ExxonMobil (NYSE:XOM) last issued 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 net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the previous year, the firm earned $1.64 EPS. On average, analysts forecast that ExxonMobil Corporation will post 11.54 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Key Stories Impacting 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.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $162.95.

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.