ExxonMobil Corporation $XOM Shares Sold by Safeguard Investment Advisory Group LLC

by · The Markets Daily

Safeguard Investment Advisory Group LLC cut its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 65.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,850 shares of the oil and gas company’s stock after selling 5,472 shares during the period. Safeguard Investment Advisory Group LLC’s holdings in ExxonMobil were worth $390,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in ExxonMobil in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ExxonMobil by 456.1% in the 4th 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 during the last quarter. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the 2nd quarter valued at $27,000. Keewaydin Investments LLC acquired a new stake in shares of ExxonMobil in the fourth quarter worth $33,000. Finally, Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil during the first quarter worth $36,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Trading Down 0.2%

Shares of NYSE:XOM opened at $164.25 on Thursday. The firm has a market capitalization of $680.82 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.18. The business’s 50 day moving average price is $152.01 and its 200-day moving average price is $152.10. 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 1 year low of $108.35 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $114.53 billion for 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 in the previous year, the business earned $1.64 earnings per share. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio is presently 53.02%.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. HSBC set a $158.00 price target on ExxonMobil in a report on Monday, August 3rd. TD Cowen raised their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and a consensus price target of $166.10.

Get Our Latest Research Report on XOM

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

  • Positive Sentiment: Potential return to Venezuela could create a new growth opportunity. President Donald Trump said ExxonMobil is preparing to enter Venezuela, reversing the company’s nearly two-decade absence after its assets were nationalized in 2007. Access to Venezuela’s large oil reserves could expand XOM’s long-term production portfolio, although the company has not publicly confirmed a final investment. Trump Says Exxon Will Enter Venezuela as Oil Investment Ramps Up
  • Positive Sentiment: U.S. involvement in Venezuela is improving the outlook for supermajors. The U.S. push to secure Venezuelan oil rights, alongside Middle East supply risks, could support investment, production growth and energy prices for companies such as ExxonMobil. Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
  • Positive Sentiment: Exxon is reportedly bidding for Shell’s U.S. chemicals assets. A potential transaction of roughly $8 billion would deepen XOM’s chemicals presence across Louisiana, Texas and Pennsylvania and may add scale if purchased at an attractive valuation. How ExxonMobil’s Bid for Shell’s U.S. Chemicals Assets Could Reshape the XOM Investment Story
  • Positive Sentiment: AI investments could improve efficiency. ExxonMobil is using artificial intelligence to reduce downtime, improve drilling and optimize asset performance, potentially supporting margins and execution over time. 4 Oil & Gas Majors Using AI to Boost Efficiency and Execution
  • Neutral Sentiment: Management changes in Kazakhstan are unlikely to immediately affect valuation. ExxonMobil and TotalEnergies appointed new country leadership, maintaining focus on a strategically important production region. ExxonMobil and TotalEnergies Appoint New Heads for Kazakhstan
  • Negative Sentiment: Venezuela carries significant political and execution risk. Some producers reportedly remain hesitant about investing because of uncertainty surrounding the U.S.-Venezuela arrangement and the role of local intermediaries. Trump’s Oil Deal With Venezuela Raises Red Flags
  • Negative Sentiment: Political pressure to lower gasoline prices may weigh on margins. ExxonMobil was not included in President Trump’s meeting with oil executives, while refiners face pressure to expand capacity and reduce fuel prices—potentially conflicting with shareholder profit goals. Trump to Meet With Oil Executives on Lowering Gas Prices

ExxonMobil Company Profile

(Free Report)

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.

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