Paller Financial Services Inc Cuts Position in ExxonMobil Corporation $XOM

Paller Financial Services Inc lowered its holdings in ExxonMobil Corporation (NYSE:XOM) by 71.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,436 shares of the oil and gas company’s stock after selling 6,022 shares during the quarter. Paller Financial Services Inc’s holdings in ExxonMobil were worth $333,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. DMKC Advisory Services LLC grew its stake in shares of ExxonMobil by 5.6% during the 2nd quarter. DMKC Advisory Services LLC now owns 26,176 shares of the oil and gas company’s stock worth $3,579,000 after purchasing an additional 1,391 shares during the period. Balefire LLC increased its holdings in shares of ExxonMobil by 8.6% in the 2nd quarter. Balefire LLC now owns 6,107 shares of the oil and gas company’s stock valued at $835,000 after purchasing an additional 485 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of ExxonMobil by 2.6% in the second quarter. GAMMA Investing LLC now owns 124,605 shares of the oil and gas company’s stock valued at $17,036,000 after purchasing an additional 3,108 shares during the period. Grant Private Wealth Management Inc boosted its holdings in ExxonMobil by 7.5% during the second quarter. Grant Private Wealth Management Inc now owns 7,514 shares of the oil and gas company’s stock worth $1,027,000 after buying an additional 521 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in ExxonMobil during the second quarter worth about $27,634,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

NYSE:XOM opened at $151.53 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $145.82 and a two-hundred day moving average price of $149.30. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a market capitalization of $628.08 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company earned $1.64 EPS. As a group, research analysts expect that ExxonMobil Corporation will post 11.54 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil’s dividend 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Tuesday. Wells Fargo & Company restated an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a report on Monday. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group lifted their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and an average price target 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.