Tempo Wealth LLC Buys New Position in ExxonMobil Corporation $XOM

Tempo Wealth LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the fourth quarter, Holdings Channel.com reports. The fund bought 6,816 shares of the oil and gas company’s stock, valued at approximately $820,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC bought a new position in shares of ExxonMobil in the 4th quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of ExxonMobil in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Scotiabank lifted their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Piper Sandler dropped their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, HSBC increased their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus price target of $165.70.

ExxonMobil Stock Performance

XOM opened at $137.84 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 $571.36 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.58 and a beta of 0.16. The company’s fifty day moving average price is $149.98 and its two-hundred day moving average price is $143.22. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s production has reached its highest level in more than 40 years, supported by aggressive output growth in Guyana, Texas, and Papua New Guinea. Higher volumes at lower costs should support cash flow and investor confidence. Article: Darren Woods’ Game Plan at Exxon Mobil: Produce More Oil for Less Money
• Positive Sentiment: ExxonMobil is expanding its long-term growth pipeline in Guyana’s Stabroek Block, with plans to drill up to 35 new exploration and appraisal wells from 2028 through 2033. This could extend reserve growth and future production. Article: ExxonMobil Advances New Exploration Push in Guyana’s Stabroek Block
• Neutral Sentiment: ExxonMobil reportedly struck a deal with ZET for South Africa’s first LNG terminal, highlighting continued international LNG expansion efforts. This is strategically constructive, but the near-term stock impact is unclear. Article: ExxonMobil and ZET strike deal for South Africa’s first LNG terminal
• Neutral Sentiment: Commentary suggesting ExxonMobil could pursue another megamerger or LNG acquisition may support long-term strategic speculation, but it is not a confirmed catalyst. Article: ExxonMobil Has Its Sights on Its Next Megamerger. Here’s the Oil Stock It Should Buy.
• Negative Sentiment: ExxonMobil shares fell alongside other oil stocks after the U.S. and Iran reached an interim agreement that could reopen the Strait of Hormuz and lift sanctions on Tehran’s oil. The deal pressures crude prices, which can reduce upstream earnings for XOM. Article: ExxonMobil and Occidental Petroleum Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent market commentary notes ExxonMobil has been under sustained selling pressure over the past days and weeks, reflecting weaker oil prices and a softer sector backdrop. Article: Exxon Mobil (XOM) Stock Could Be 18.9% Undervalued Despite Recent Pullback

About ExxonMobil

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.