Kintra Wealth LLC Has $7.27 Million Stake in ExxonMobil Corporation $XOM

Key Points

• Kintra Wealth increased its ExxonMobil stake by 75.4% in the second quarter, holding 53,202 shares valued at approximately $7.27 million. Institutional investors collectively own 61.8% of the company.
• ExxonMobil reported quarterly EPS of $3.52, slightly below the $3.56 consensus estimate, while revenue of $114.53 billion exceeded expectations. Analysts project full-year EPS of $11.98.
• The company declared a quarterly dividend of $1.03 per share, equivalent to $4.12 annually and a 2.6% yield. Analyst sentiment is currently “Hold,” with a consensus price target of $167.45.

Kintra Wealth LLC increased its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 75.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,202 shares of the oil and gas company's stock after acquiring an additional 22,862 shares during the period. Kintra Wealth LLC's holdings in ExxonMobil were worth $7,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after buying an additional 187 shares during the period. Aventus Investment Advisors Inc. bought a new position in ExxonMobil in the 2nd quarter valued at approximately $27,000. Keewaydin Investments LLC bought a new position in ExxonMobil in the 4th quarter valued at approximately $33,000. Finally, Portus Wealth Advisors LLC acquired a new stake in ExxonMobil during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil Trading Down 1.7%

NYSE:XOM opened at $159.53 on Friday. The firm's fifty day moving average is $152.97 and its 200-day moving average is $152.25. 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 Corporation has a 52 week low of $108.35 and a 52 week high of $176.41. The firm has a market cap of $661.24 billion, a P/E ratio of 20.53, a P/E/G ratio of 0.98 and a beta of 0.18.

ExxonMobil (NYSE:XOM - Get Free Report) 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). The firm had revenue of $114.53 billion for 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 business earned $1.64 EPS. Equities analysts expect that ExxonMobil Corporation will post 11.98 earnings per share 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. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

Trending Headlines about 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?

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XOM shares. DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. Bank of America lowered shares of ExxonMobil from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Morgan Stanley boosted their price objective on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 19th. Wells Fargo & Company restated an "overweight" rating and issued a $182.00 price objective on shares of ExxonMobil in a report on Monday, August 3rd. Finally, Wall Street Zen raised ExxonMobil to a "hold" rating in a report on Saturday. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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.

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