Kercheville Advisors LLC Buys 58,864 Shares of ExxonMobil Corporation $XOM

Kercheville Advisors LLC purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 58,864 shares of the oil and gas company’s stock, valued at approximately $9,580,000. ExxonMobil comprises 2.6% of Kercheville Advisors LLC’s holdings, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Avant Capital LLC grew its holdings in ExxonMobil by 0.6% in the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after acquiring an additional 65 shares during the last quarter. Impact Partnership Wealth LLC raised its stake in shares of ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after acquiring an additional 67 shares during the last quarter. Cardinal Strategic Wealth Guidance raised its stake in shares of ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 68 shares during the last quarter. Core Wealth Advisors Inc. raised its stake in shares of ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after acquiring an additional 68 shares during the last quarter. Finally, Swisher Financial Concepts Inc. boosted its holdings in shares of ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after purchasing an additional 69 shares during the period. 61.80% of the stock is currently owned by institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target to $200 and assigned an “overweight” rating, implying roughly 12% upside from the referenced $178.36 price. The upgrade provides a significant bullish signal for XOM, particularly as the stock trades close to its yearly high.
• Positive Sentiment: Refining margins are expected to provide a substantial third-quarter earnings boost. Reports point to a potential $4.5 billion refining tailwind, which could help ExxonMobil offset volatility in upstream oil and gas results. ExxonMobil flags a $4.5 billion refining tailwind for Q3 earnings
• Positive Sentiment: ExxonMobil remains positioned to benefit from higher crude prices and Permian production gains. Analysts cite drilling efficiencies, lower development costs and disciplined spending as supports for the company’s oil production outlook. Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices
• Neutral Sentiment: A new authorized aviation-lubricants distributor in the Americas expands ExxonMobil’s aftermarket reach, although the financial impact is likely modest relative to its overall operations. Proponent becomes an authorized ExxonMobil aviation lubricants distributor
• Neutral Sentiment: ExxonMobil’s integrated business and strong cash generation support its dividend, but its yield is relatively low. This makes XOM more attractive for financial durability and diversification than for income yield alone.
• Negative Sentiment: Crude prices retreated after reaching five-month highs following a U.S. waiver of Russia-related sanctions and tariffs. Lower oil prices can pressure ExxonMobil’s upstream revenue and explain the stock’s recent weakness despite favorable refining expectations. What’s Going On With Exxon Stock On Monday?

ExxonMobil Trading Down 0.3%

NYSE XOM traded down $0.62 during trading on Monday, hitting $178.36. The company had a trading volume of 11,124,509 shares, compared to its average volume of 17,926,811. The company’s fifty day moving average is $164.22 and its 200-day moving average is $154.53. ExxonMobil Corporation has a one year low of $111.98 and a one year high of $179.30. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The company has a market cap of $739.30 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last announced 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 net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the previous year, the firm posted $1.64 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 12.52 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were issued a $1.03 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Piper Sandler raised their target price on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. The Goldman Sachs Group set a $169.00 price target on ExxonMobil in a research report on Friday. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a report on Tuesday, August 4th. HSBC reiterated a “hold” rating and issued a $90.00 price objective on shares of ExxonMobil in a research report on Friday, September 25th. Finally, BNP Paribas Exane cut their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average target price of $167.30.

ExxonMobil Profile

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.