Puff Wealth Management LLC acquired a new position in ExxonMobil Corporation (NYSE:XOM – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 4,613 shares of the oil and gas company’s stock, valued at approximately $631,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Portus Wealth Advisors LLC bought a new stake in shares of ExxonMobil in the 1st quarter valued at $36,000. Berbice Capital Management LLC acquired a new position in ExxonMobil in the fourth quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in ExxonMobil by 456.1% during the fourth 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. Finally, Atlantic Private Wealth LLC boosted its position in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
XOM has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a research report on Tuesday, May 5th. TD Cowen upped their target price on ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday. UBS Group set a $168.00 target price on ExxonMobil in a research note on Friday. HSBC set a $158.00 target price on ExxonMobil in a report on Monday. Finally, Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $163.29.
ExxonMobil News Roundup
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil reported resilient second-quarter cash flow, record Permian production, strong refining performance and signs that Guyana is reaching a free-cash-flow inflection point. These developments support production growth and future shareholder returns. XOM Q2 Earnings Call Highlights Refining Strength and Guyana Cash Flow
- Positive Sentiment: The company’s dividend increased despite earnings falling slightly short of expectations, reinforcing ExxonMobil’s appeal to income-focused investors and signaling confidence in cash generation. Exxon’s Profit Fell Short. Its Dividend Didn’t.
- Positive Sentiment: ExxonMobil awarded McDermott a letter of intent for limited engineering and procurement work on the Rovuma LNG Phase 1 project in Mozambique, advancing a potentially significant long-term growth asset. ExxonMobil in Mozambique Awards McDermott Letter of Intent for Rovuma LNG Project
ExxonMobil Stock Performance
XOM opened at $152.88 on Friday. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a market cap of $633.67 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 0.59 and a beta of 0.17. The company’s fifty day moving average price is $146.12 and its two-hundred day moving average price is $149.50. 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 issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the prior year, the business earned $1.64 earnings per share. On average, analysts expect that ExxonMobil Corporation will post 12.34 EPS for the current fiscal year.
ExxonMobil Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil’s payout ratio is 53.02%.
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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