Madison Asset Management LLC Sells 4,844 Shares of ExxonMobil Corporation $XOM

by · The Markets Daily

Madison Asset Management LLC reduced its stake in ExxonMobil Corporation (NYSE:XOM – Free Report) by 2.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 207,414 shares of the oil and gas company’s stock after selling 4,844 shares during the quarter. Madison Asset Management LLC’s holdings in ExxonMobil were worth $28,358,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil in the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the last quarter. Aventus Investment Advisors Inc. bought a new stake in shares of ExxonMobil in the second quarter valued at $27,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in shares of ExxonMobil in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Scotiabank upped their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Piper Sandler initiated coverage on shares of ExxonMobil in a report on Thursday, July 23rd. They set a “neutral” rating and a $158.00 price objective on the stock. Morgan Stanley increased their target price on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TD Cowen boosted their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $166.10.

View Our Latest Report on XOM

ExxonMobil Trading Down 0.4%

Shares of ExxonMobil stock opened at $164.91 on Thursday. The company’s 50-day moving average price is $147.81 and its 200-day moving average price is $151.10. The company has a market cap of $683.54 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 0.65 and a beta of 0.17. ExxonMobil Corporation has a 12-month low of $107.68 and a 12-month high of $176.41. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.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, equities analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.03 dividend. 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 dividend payout ratio (DPR) is 53.02%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

  • Positive Sentiment: Oil-market strength is the main near-term catalyst. Crude prices moved above $85 per barrel as disruptions linked to the U.S.-Iran conflict affected flows through the Strait of Hormuz. The broader energy sector has gained roughly 40% year to date, improving the outlook for ExxonMobil’s upstream earnings and cash flow. What’s Going On With Exxon Stock on Wednesday?
  • Positive Sentiment: ExxonMobil and its partners awarded approximately $1.1 billion in contracts for early work on the Rovuma LNG Phase 1 project in Mozambique. The contracts advance a major future liquefied natural gas development and signal renewed progress after earlier delays. ExxonMobil Awards $1.1B Contracts for Mozambique LNG Project
  • Positive Sentiment: Permian Basin expansion is gaining visibility. ExxonMobil’s new agreements with Targa Resources extend through 2046 and add acreage and up to 825 million cubic feet per day of processing capacity, supporting production growth and long-term U.S. natural-gas exposure. Targa Resources Signs 20-Year Agreements With ExxonMobil
  • Positive Sentiment: The company raised its dividend 4% to $1.03 per share, marking 26 consecutive years of dividend increases and reinforcing ExxonMobil’s income-investment appeal. Exxon Mobil Raises Dividend
  • Neutral Sentiment: ExxonMobil’s recent operational momentum includes record production and strong free cash flow, but the company’s latest quarterly earnings per share modestly missed analyst expectations despite stronger-than-expected revenue.
  • Negative Sentiment: Analysts note that XOM is trading near recent highs with momentum indicators appearing stretched. Mozambique LNG also brings substantial upfront spending and geopolitical and execution risks, which could limit the immediate earnings benefit.

About ExxonMobil

(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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