MorganRosel Wealth Management LLC Makes New $894,000 Investment in ExxonMobil Corporation $XOM

Key Points

• MorganRosel Wealth Management purchased 6,542 ExxonMobil shares worth approximately $894,000 in the second quarter. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil is expanding automated drilling in the Permian Basin and continues to see long-term growth potential from its Guyana operations, though a recent fire temporarily halted crude offloading from the Liza Unity vessel.
• Wall Street maintains a consensus “Hold” rating with an average price target of $166.10. Shares recently traded around $160.75, while ExxonMobil reported quarterly revenue above expectations but earnings per share slightly below consensus and maintained a 2.6% dividend yield.

MorganRosel Wealth Management LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,542 shares of the oil and gas company's stock, valued at approximately $894,000.

Several other institutional investors have also modified their holdings of XOM. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the fourth quarter valued at approximately $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 in the last quarter. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the 2nd quarter valued at approximately $27,000. Finally, DecisionPoint Financial LLC increased its position in shares of ExxonMobil by 968.0% in the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is expanding automated drilling across the Permian Basin, targeting automation for roughly half of its rigs by 2028. The technology could improve drilling efficiency, lower costs and support higher U.S. oil output. Focus: Exxon turns to automated drilling in the Permian in push for higher oil output
• Positive Sentiment: ExxonMobil’s Guyana developments continue to offer a major long-term cash-flow growth opportunity, with a new floating production vessel nearing startup and production expected to increase over time. Is Guyana Becoming an Even Bigger Cash Flow Engine for ExxonMobil?
• Positive Sentiment: Analyst commentary favors XOM over Enterprise Products Partners for greater upside in a high-oil-price environment, citing ExxonMobil’s comparatively cheaper valuation and stronger commodity exposure. XOM vs EPD: Which Stock Offers the Better Growth Opportunity?
• Neutral Sentiment: ExxonMobil is reportedly considering Shell’s U.S. chemicals assets in a transaction potentially valued at up to $8 billion. The portfolio could strengthen Exxon’s chemicals platform, but the price, funding and weak chemicals market create uncertainty. Shell draws interest from bidders including Exxon for $8 billion US chemical assets
• Negative Sentiment: ExxonMobil temporarily halted crude offloading from the Guyana-based Liza Unity vessel after a small fire. The reported incident appears limited, but any production or export disruption could pressure near-term volumes and raise operational concerns. ExxonMobil temporarily halts operations at Guyana site after fire
• Negative Sentiment: Energy shares broadly declined amid sector pressure, which can weigh on XOM independently of company-specific developments. Meanwhile, the strategic petroleum reserve’s limited capacity highlights supply-shock risks but does not guarantee sustained oil-price gains. Sector Update: Energy Stocks Decline Monday Afternoon

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XOM shares. Barclays decreased their price objective on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating for the company in a research report on Monday, August 17th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. DZ Bank downgraded ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a report on Tuesday, August 4th. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, Piper Sandler started coverage on ExxonMobil in a report on Thursday, July 23rd. They issued a "neutral" rating and a $158.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $166.10.

ExxonMobil Trading Down 2.0%

NYSE XOM opened at $160.75 on Wednesday. The firm's fifty day moving average price is $149.42 and its 200 day moving average price is $151.70. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41. 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 company has a market capitalization of $666.29 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly 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). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. During the same period last year, the firm earned $1.64 earnings per share. On average, sell-side analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source