Representative Michael Guest (Republican-Mississippi) recently bought shares of ExxonMobil Corporation (NYSE:XOM). In a filing disclosed on August 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in ExxonMobil stock on July 2nd. The trade occurred in the Representative’s “TRUST – KF19” account.
ExxonMobil Trading Up 1.2%
NYSE XOM traded up $1.98 during mid-day trading on Tuesday, reaching $163.44. 3,101,973 shares of the stock were exchanged, compared to its average volume of 19,102,307. ExxonMobil Corporation has a one year low of $106.15 and a one year high of $176.41. The stock has a 50 day simple moving average of $147.19 and a 200-day simple moving average of $150.73. The stock has a market cap of $677.47 billion, a P/E ratio of 21.04, a P/E/G ratio of 0.63 and a beta of 0.17. 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 (NYSE:XOM – Get Free Report) 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 11.86 EPS for the current year.
ExxonMobil Dividend Announcement
Institutional Investors Weigh In On ExxonMobil
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of ExxonMobil by 2.0% during the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares during the period. Norges Bank bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $7,625,063,000. Bank of New York Mellon Corp lifted its stake in ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the last quarter. Northern Trust Corp grew its holdings in ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ExxonMobil by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock valued at $4,102,708,000 after buying an additional 293,446 shares during the period. 61.80% of the stock is currently owned by institutional investors.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Mozambique LNG moves closer to development: ExxonMobil awarded approximately $1.1 billion in pre-investment contracts for upstream equipment for Phase 1 of the Rovuma LNG project. The contracts signal progress on a potentially significant future LNG asset, although they represent spending before final project completion. ExxonMobil awards $1.1 billion in contracts for Mozambique’s Rovuma LNG project
- Positive Sentiment: Dividend raised 4%: ExxonMobil increased its quarterly dividend to $1.03 per share, extending its streak of annual dividend increases to 26 years. The move supports the stock’s income appeal and signals management’s confidence in recurring cash flow. Exxon Mobil raises dividend 4%
- Positive Sentiment: Permian production receives infrastructure support: ExxonMobil entered 20-year gathering, processing, NGL transportation and fractionation agreements with Targa Resources. The arrangements, which run through 2046, are designed to support ExxonMobil’s acreage growth and improve long-term access to processing and takeaway capacity. Targa Resources announces long-term agreements with ExxonMobil
- Neutral Sentiment: Oil prices remain supported by Middle East tensions: Articles discussing the Iran conflict and risks around the Strait of Hormuz point to potential upside for crude prices and ExxonMobil’s upstream earnings. However, geopolitical developments are unpredictable, and weaker demand or de-escalation could quickly reduce that support. What Iran tensions mean for oil stocks
- Neutral Sentiment: Value-stock commentary offers limited near-term impact: Zacks highlighted XOM as attractive for long-term value investors, while an investment-fund letter discussed ExxonMobil’s expansion beyond traditional oil and gas. These are supportive sentiment signals but do not represent new company guidance or results.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. HSBC set a $158.00 price target on ExxonMobil in a research note on Monday, August 3rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $182.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Piper Sandler initiated coverage on shares of ExxonMobil in a research note on Thursday, July 23rd. They set a “neutral” rating and a $158.00 target price on the stock. Finally, Mizuho reduced their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and an average target price of $163.05.
View Our Latest Analysis on XOM
About Representative Guest
Michael Guest (Republican Party) is a member of the U.S. House, representing Mississippi’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.
Guest (Republican Party) ran for re-election to the U.S. House to represent Mississippi’s 3rd Congressional District. He won in the general election on November 5, 2024.
Guest received his bachelor’s degree from Mississippi State University in 1992. He received his J.D. from the University of Mississippi in 1995. He served as an assistant district attorney for Madison and Rankin counties in Mississippi from 1995 to 2007. He was elected district attorney of these counties in 2007. In 2018, Guest defeated Michael Evans (D) to replace outgoing incumbent Gregg Harper (R).
ExxonMobil Company 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.
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