MW Advisory LLC Purchases Shares of 4,173 ExxonMobil Corporation $XOM

MW Advisory LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 2nd quarter, Holdings Channel reports. The fund purchased 4,173 shares of the oil and gas company’s stock, valued at approximately $571,000.

A number of other large investors also recently modified their holdings of the business. Tenet Wealth Partners LLC bought a new position in shares of ExxonMobil in the 2nd quarter valued at about $392,000. Maloon Powers Pitre Higgins & Dennehy LLC acquired a new stake in shares of ExxonMobil in the second quarter valued at about $499,000. Markowski Investments bought a new stake in ExxonMobil during the second quarter worth about $2,115,000. Old Mission Investment Co LLC bought a new stake in ExxonMobil during the second quarter worth about $5,861,000. Finally, Highland Investment Advisors LLC acquired a new position in ExxonMobil during the second quarter valued at approximately $215,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on XOM. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. DZ Bank downgraded 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. Mizuho decreased their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Sanford C. Bernstein lowered their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Finally, TD Cowen upped their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus price target of $167.45.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
• Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
• Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
• Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
• Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?

ExxonMobil Price Performance

Shares of NYSE XOM opened at $159.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average price is $152.97 and its two-hundred day moving average price is $152.25. The company has a market cap of $661.24 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.00 and a beta of 0.18. ExxonMobil Corporation has a twelve month low of $108.35 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last released 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). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the business earned $1.64 earnings per share. On average, analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

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