Stonekeep Investments LLC Acquires Shares of 3,837 ExxonMobil Corporation $XOM

Stonekeep Investments LLC bought a new position in ExxonMobil Corporation (NYSE:XOM) in the second quarter, Holdings Channel reports. The firm bought 3,837 shares of the oil and gas company’s stock, valued at approximately $525,000.

Several other hedge funds have also recently made changes to their positions in the company. Charles Schwab Trust Co lifted its position in shares of ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares during the last quarter. Spinnaker Investment Group LLC grew its stake in shares of ExxonMobil by 14.1% during the 2nd quarter. Spinnaker Investment Group LLC now owns 4,129 shares of the oil and gas company’s stock worth $564,000 after acquiring an additional 511 shares during the period. Highland Financial Advisors LLC increased its holdings in ExxonMobil by 10.5% in the 2nd quarter. Highland Financial Advisors LLC now owns 6,117 shares of the oil and gas company’s stock worth $836,000 after acquiring an additional 581 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in ExxonMobil by 0.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 21,152 shares of the oil and gas company’s stock worth $2,892,000 after acquiring an additional 108 shares during the last quarter. Finally, Shrier Wealth Management LLC raised its stake in ExxonMobil by 10.3% in the 2nd quarter. Shrier Wealth Management LLC now owns 30,736 shares of the oil and gas company’s stock valued at $4,202,000 after acquiring an additional 2,874 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s record Permian production gives it significant leverage to higher crude prices as uncertainty surrounding the Strait of Hormuz and Middle East supply disruptions supports oil. Brent crude was recently reported near $89 per barrel after rebounding from early-July lows. Exxon Stock Jumps 3.3% as Oil Supply Fears Return
• Positive Sentiment: Second-quarter results showed sharply improved profitability, with net income of approximately $14.5 billion, operating cash flow of $23.6 billion and free cash flow of $17.2 billion. Production also reached records in the Permian and diesel operations, reinforcing the company’s operating momentum. ExxonMobil gains as strong quarterly results and higher oil prices bolster sentiment
• Positive Sentiment: ExxonMobil returned $9.4 billion to shareholders during the quarter through $4.3 billion of dividends and $5.1 billion of share repurchases. The company also declared a quarterly dividend of $1.03, supporting its appeal to income-focused investors. Exxon Handed Shareholders $9.4 Billion in One Quarter
• Neutral Sentiment: Analysts maintain a consensus “Hold” rating, while recently reported price targets range from $154 to $182, indicating upside potential for some investors but limited conviction across Wall Street. ExxonMobil Receives Consensus Rating of Hold
• Negative Sentiment: Adjusted earnings of $3.52 per share fell slightly short of analyst expectations, despite rising substantially from the prior year. The miss could restrain near-term gains if oil prices weaken or refining margins deteriorate. Exxon’s Profit Missed. So Why Is the Dividend Getting Stronger?
• Negative Sentiment: President Trump criticized ExxonMobil and Chevron for making “too much money” amid high fuel prices, creating a political risk that could lead to calls for increased regulation, taxes or other measures affecting oil producers. ExxonMobil vs. Chevron: Trump Attacks the Oil Giants

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XOM shares. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price objective for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. HSBC set a $158.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Barclays raised their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $163.29.

ExxonMobil Stock Performance

NYSE XOM opened at $159.78 on Wednesday. The company’s 50 day simple moving average is $146.53 and its two-hundred day simple moving average is $150.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 1 year low of $105.67 and a 1 year high of $176.41. The stock has a market capitalization of $662.29 billion, a PE ratio of 20.56, a P/E/G ratio of 0.60 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results 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 for 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 quarter last year, the firm earned $1.64 earnings per share. Analysts predict that ExxonMobil Corporation will post 12.34 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

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.