QRG Capital Management Inc. Acquires 50,285 Shares of ExxonMobil Corporation $XOM

QRG Capital Management Inc. increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 733,692 shares of the oil and gas company’s stock after buying an additional 50,285 shares during the period. ExxonMobil comprises approximately 0.7% of QRG Capital Management Inc.’s portfolio, making the stock its 25th largest position. QRG Capital Management Inc.’s holdings in ExxonMobil were worth $100,310,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Norges Bank bought a new position in shares of ExxonMobil during the fourth quarter valued at $7,625,063,000. Bank of New York Mellon Corp lifted its holdings in shares of ExxonMobil by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after purchasing an additional 531,362 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after purchasing an additional 1,540,902 shares during the last quarter. Amundi grew its stake in shares of ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. Finally, GQG Partners LLC increased its holdings in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares during the period. 61.80% of the stock is owned by institutional investors.

ExxonMobil Trading Up 1.5%

NYSE XOM traded up $2.45 during mid-day trading on Wednesday, reaching $161.16. 12,567,237 shares of the stock were exchanged, compared to its average volume of 18,580,574. The stock has a market cap of $668.00 billion, a P/E ratio of 20.74, a P/E/G ratio of 0.97 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a one year low of $110.39 and a one year high of $176.41. The stock has a 50 day simple moving average of $158.76 and a 200-day simple moving average of $153.38.

ExxonMobil (NYSE:XOM) 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 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 the consensus estimate of $109.94 billion. During the same period last year, the company posted $1.64 EPS. On average, analysts anticipate that ExxonMobil Corporation will post 11.93 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is presently 53.02%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reportedly delivered record oil production and revenue while maintaining lower capital spending. Higher output from high-return assets, including the Permian Basin, along with technology and efficiency gains, supports margins and free-cash-flow generation. ExxonMobil Delivers Record Oil Output and Revenue on Lower Spending
• Positive Sentiment: A debt-to-capitalization ratio of 13.73% gives XOM balance-sheet flexibility to withstand oil and gas price swings while continuing operations, capital investment and shareholder distributions. How ExxonMobil’s Balance Sheet Helps Navigate Oil Volatility
• Positive Sentiment: Strong cash generation is allowing ExxonMobil to fund growth projects and shareholder returns simultaneously, supporting management’s 2030 earnings and cash-flow objectives. Can ExxonMobil Keep Rewarding Shareholders While Investing for Growth?
• Positive Sentiment: The company’s plan to expand LNG sales toward 50 million tons by 2030 could strengthen its position in global gas markets and diversify earnings beyond traditional upstream oil. Exxon’s 2030 LNG Sales Target
• Neutral Sentiment: Potential disruption around the Strait of Hormuz could lift crude prices and create upside for ExxonMobil, but the market’s muted reaction and recent oil weakness show that the benefit remains uncertain. If Hormuz Stays Shut, How High Can Exxon Go?
• Neutral Sentiment: ExxonMobil is reportedly considering a return to Venezuela, which could provide access to substantial resources but would also expose the company to political, regulatory and execution risks. Exxon Could Return to Venezuela
• Negative Sentiment: Some current energy-market enthusiasm is directed toward Chevron rather than ExxonMobil, while uncertainty over oil prices and Middle East developments may limit near-term enthusiasm for XOM.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Wall Street Zen raised ExxonMobil to a “hold” rating in a research report on Saturday, September 5th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group reissued a “buy” rating on shares of ExxonMobil in a research note on Tuesday, September 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of ExxonMobil in a research report on Monday. Finally, HSBC set a $158.00 price objective on ExxonMobil in a research note on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $167.45.

ExxonMobil Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.