Exxon Mobil Rises to 40th in Daily Volume as Institutions Bulk Up and Analysts Diverge

Exxon Mobil (XOM) rose 0.57% on Sept. 8, with a trading volume of $1.69 billion, ranking 40th in the market. Institutional investors bolstered stakes, including Bank of New York Mellon Corp’s 45.3 million shares valued at $5.39 billion and CTC Alternative Strategies Ltd. acquiring 6,200 shares. Major firms like Charles Schwab and Ameriprise also increased holdings, with the latter adding 2.64 million shares in Q1. Conversely, First Dallas Securities Inc. trimmed its position by 11%, now holding 50,618 shares.

The company reported Q2 earnings of $1.64 per share, surpassing estimates by $0.17, and revenue of $81.51 billion, though down 12.4% year-over-year. A quarterly dividend of $0.99 per share was declared, yielding 3.6% annually. Analysts remain divided, with Piper Sandler upgrading the price target to $145 and Barclays maintaining a “hold” rating. The stock’s 50-day moving average stands at $110.45, with a market cap of $465.66 billion.

Insider activity included VP Darrin L. Talley selling 2,158 shares for $238,351.10, reducing his ownership by 13.5%. Institutional ownership remains robust at 61.8%, though First Dallas’s reduced stake highlights shifting investor sentiment. Analysts project 2025 EPS of $7.43, reflecting cautious optimism amid sector volatility. Exxon’s debt-to-equity ratio of 0.12 and beta of 0.57 underscore its defensive positioning.

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