6,542 Shares in ExxonMobil Corporation $XOM Bought by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the 2nd quarter, Holdings Channel reports. The fund bought 6,542 shares of the oil and gas company’s stock, valued at approximately $894,000.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Berbice Capital Management LLC purchased a new position in shares of ExxonMobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil in the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 worth $27,000 after purchasing an additional 187 shares during the last quarter. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil during the second quarter worth $27,000. Finally, DecisionPoint Financial LLC lifted its holdings in shares of ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is expanding automated drilling across the Permian Basin, targeting automation for roughly half of its rigs by 2028. The technology could improve drilling efficiency, lower costs and support higher U.S. oil output. Focus: Exxon turns to automated drilling in the Permian in push for higher oil output
• Positive Sentiment: ExxonMobil’s Guyana developments continue to offer a major long-term cash-flow growth opportunity, with a new floating production vessel nearing startup and production expected to increase over time. Is Guyana Becoming an Even Bigger Cash Flow Engine for ExxonMobil?
• Positive Sentiment: Analyst commentary favors XOM over Enterprise Products Partners for greater upside in a high-oil-price environment, citing ExxonMobil’s comparatively cheaper valuation and stronger commodity exposure. XOM vs EPD: Which Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: ExxonMobil is reportedly considering Shell’s U.S. chemicals assets in a transaction potentially valued at up to $8 billion. The portfolio could strengthen Exxon’s chemicals platform, but the price, funding and weak chemicals market create uncertainty. Shell draws interest from bidders including Exxon for $8 billion US chemical assets
• Negative Sentiment: ExxonMobil temporarily halted crude offloading from the Guyana-based Liza Unity vessel after a small fire. The reported incident appears limited, but any production or export disruption could pressure near-term volumes and raise operational concerns. ExxonMobil temporarily halts operations at Guyana site after fire
• Negative Sentiment: Energy shares broadly declined amid sector pressure, which can weigh on XOM independently of company-specific developments. Meanwhile, the strategic petroleum reserve’s limited capacity highlights supply-shock risks but does not guarantee sustained oil-price gains. Sector Update: Energy Stocks Decline Monday Afternoon

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of ExxonMobil in a research note on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 price objective on the stock. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Mizuho dropped their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley increased their price target on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Finally, Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.10.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $160.75 on Wednesday. The firm has a market capitalization of $666.29 billion, a P/E ratio of 20.69, a PEG ratio of 0.65 and a beta of 0.17. ExxonMobil Corporation has a one year low of $108.35 and a one year high of $176.41. The company’s fifty day moving average is $149.42 and its two-hundred day moving average is $151.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

ExxonMobil (NYSE:XOM) last posted its quarterly 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 company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the company earned $1.64 earnings per share. Analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

ExxonMobil 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.