Shah Wealth Advisors LLC Invests $1.47 Million in ExxonMobil Corporation $XOM

Shah Wealth Advisors LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the second quarter, Holdings Channel reports. The fund bought 10,729 shares of the oil and gas company’s stock, valued at approximately $1,467,000. ExxonMobil makes up approximately 0.3% of Shah Wealth Advisors LLC’s portfolio, making the stock its 27th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC purchased a new position in ExxonMobil in the 4th quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake 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 buying an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil during the second quarter valued at approximately $27,000. Keewaydin Investments LLC purchased a new position in shares of ExxonMobil in the fourth quarter valued at approximately $33,000. Finally, Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines 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 XOM stock opened at $159.53 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The firm’s 50-day moving average is $152.97 and its two-hundred day moving average is $152.25. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41. The company has a market capitalization 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 (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 the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company earned $1.64 EPS. Analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Analyst Ratings Changes

XOM has been the subject of several recent research reports. TD Cowen increased their price objective on ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays dropped their target price on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Piper Sandler raised their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho lowered their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Finally, HSBC set a $158.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and a consensus price target of $167.45.

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.