Shah Wealth Advisors LLC Purchases Shares of 10,729 ExxonMobil Corporation $XOM

Key Points

• Shah Wealth Advisors purchased 10,729 ExxonMobil shares worth approximately $1.47 million, while institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil reported quarterly EPS of $3.52, slightly below the $3.56 analyst consensus, although revenue of $114.53 billion exceeded estimates. The stock recently traded at $159.53, with a market capitalization of about $661 billion.
• The company declared a quarterly dividend of $1.03, representing an annualized payout of $4.12 and a 2.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $167.45.

Shah Wealth Advisors LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,729 shares of the oil and gas company's stock, valued at approximately $1,467,000. ExxonMobil comprises about 0.3% of Shah Wealth Advisors LLC's portfolio, making the stock its 27th largest position.

Several other hedge funds have also recently modified their holdings of XOM. Berbice Capital Management LLC purchased a new position in shares of ExxonMobil in the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of ExxonMobil by 456.1% during 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 last quarter. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil in the 2nd quarter valued at $27,000. Keewaydin Investments LLC acquired a new position in shares of ExxonMobil in the 4th quarter valued at $33,000. Finally, Portus Wealth Advisors LLC purchased a new position in ExxonMobil in the 1st quarter worth $36,000. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil Stock Down 1.7%

ExxonMobil stock opened at $159.53 on Friday. The business's 50-day moving average price is $152.97 and its 200 day moving average price is $152.25. 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 firm has a market cap of $661.24 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.00 and a beta of 0.18. ExxonMobil Corporation has a 52 week low of $108.35 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the business earned $1.64 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a $1.03 dividend. The ex-dividend date of this dividend 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 presently 53.02%.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Barclays dropped their price target on ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. Wall Street Zen raised ExxonMobil to a "hold" rating in a report on Saturday. TD Cowen upped their target price on ExxonMobil from $155.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Piper Sandler increased their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $167.45.

ExxonMobil News Roundup

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 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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