Jupiter Wealth Management LLC Purchases New Shares in ExxonMobil Corporation $XOM

Jupiter Wealth Management LLC purchased a new position in ExxonMobil Corporation (NYSE:XOM) during the second quarter, Holdings Channel.com reports. The firm purchased 6,500 shares of the oil and gas company’s stock, valued at approximately $889,000.

Other hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC boosted its position in ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the period. Caxton Associates LLP acquired a new position in shares of ExxonMobil in the 1st quarter valued at about $305,000. Sivia Capital Partners LLC increased its holdings in shares of ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares during the period. United Bank lifted its position in shares of ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after purchasing an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of ExxonMobil by 17.4% in the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after purchasing an additional 5,443 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about ExxonMobil

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

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $166.56 on Friday. The stock has a market capitalization of $690.38 billion, a P/E ratio of 21.44, a P/E/G ratio of 0.65 and a beta of 0.17. The business has a 50-day moving average of $148.21 and a two-hundred day moving average of $151.28. ExxonMobil Corporation has a fifty-two week low of $107.96 and a fifty-two week 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.

ExxonMobil (NYSE:XOM) 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 net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the prior year, the company posted $1.64 EPS. On average, equities research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.03 per share. 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 2.5%. ExxonMobil’s dividend payout ratio is presently 53.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group set a $168.00 price target on shares of ExxonMobil in a report on Friday, August 7th. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Tuesday, August 4th. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and lifted their target price for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $166.10.

About ExxonMobil

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.