Jupiter Wealth Management LLC Invests $889,000 in ExxonMobil Corporation $XOM

Jupiter Wealth Management LLC purchased a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,500 shares of the oil and gas company's stock, valued at approximately $889,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Impact Partnership Wealth LLC boosted its holdings in ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock worth $2,039,000 after purchasing an additional 67 shares during the period. Cardinal Strategic Wealth Guidance boosted its holdings in shares of ExxonMobil by 1.9% in the 1st quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company's stock valued at $631,000 after buying an additional 68 shares during the period. Core Wealth Advisors Inc. boosted its holdings in shares of ExxonMobil by 1.0% in the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock valued at $1,155,000 after buying an additional 68 shares during the period. ICW Investment Advisors LLC grew its position in shares of ExxonMobil by 0.3% during the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company's stock valued at $3,043,000 after buying an additional 69 shares during the last quarter. Finally, Swisher Financial Concepts Inc. grew its position in shares of ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company's stock valued at $4,649,000 after buying an additional 69 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $166.56 on Friday. ExxonMobil Corporation has a 1 year low of $107.96 and a 1 year high of $176.41. The firm has a market cap of $690.38 billion, a P/E ratio of 21.44, a PEG ratio of 0.65 and a beta of 0.17. The stock has a fifty day moving average price of $148.21 and a two-hundred day moving average price of $151.28. 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 - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the firm posted $1.64 EPS. Research analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current fiscal 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 given a $1.03 dividend. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.5%. ExxonMobil's payout ratio is 53.02%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices are a major tailwind for ExxonMobil’s upstream business, particularly its relatively low-cost Permian Basin and Guyana production. The stronger pricing environment could lift earnings, free cash flow and buybacks or dividends. Are High Oil Prices a Tailwind for ExxonMobil’s Energy Business?
• Positive Sentiment: ExxonMobil is being highlighted as a large cash-return generator, increasing investor interest in its ability to convert elevated oil prices into dividends, repurchases and other shareholder distributions. XOM Runs One Of The Market's Biggest Cash-Return Machines
• Positive Sentiment: ExxonMobil’s Nigeria unit is deploying a deepwater rig expected to add approximately 40,000 barrels per day at the Usan field, offering a potential production boost. ExxonMobil’s Nigeria Unit Sends Deepwater Rig to Boost Usan Field Output
• Positive Sentiment: New pipeline and LNG contracts in Mozambique, including roughly $1.1 billion in Rovuma LNG pre-investment awards, advance ExxonMobil’s longer-term liquefied natural gas growth strategy. ExxonMobil Awards $1.1B Contracts for Mozambique LNG Project
• Neutral Sentiment: A reported ExxonMobil deal with Targa Resources could support midstream growth and Permian development, although the articles provide limited financial detail on the transaction. Targa Resources: Reloading The Chamber For Growth With ExxonMobil Deal
• Negative Sentiment: Investors face greater inflation and macroeconomic risk if crude remains near $95, potentially delaying interest-rate relief and weighing on broader equity valuations. ExxonMobil also faces a longer-term production concern as Kazakhstan’s major oilfield approaches peak output. Exxon Warns Kazakhstan’s Top Oilfield to Hit Peak Production Within Years

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Morgan Stanley raised their target price on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group set a $168.00 target price on ExxonMobil in a report on Friday, August 7th. Bank of America cut ExxonMobil from a "buy" rating to a "neutral" rating and increased their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Barclays cut their price target on ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Wells Fargo & Company restated an "overweight" rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, ExxonMobil presently has a consensus rating of "Hold" and an average price target of $166.10.

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.

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