Odyssean LLC Buys 17,464 Shares of ExxonMobil Corporation $XOM

Odyssean LLC raised its stake in ExxonMobil Corporation (NYSE:XOM) by 633.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,222 shares of the oil and gas company’s stock after purchasing an additional 17,464 shares during the period. Odyssean LLC’s holdings in ExxonMobil were worth $2,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC lifted its position in ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after acquiring an additional 67 shares during the last quarter. Cardinal Strategic Wealth Guidance grew its holdings in ExxonMobil by 1.9% in the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 68 shares during the last quarter. Core Wealth Advisors Inc. grew its holdings in ExxonMobil by 1.0% in the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after purchasing an additional 68 shares during the last quarter. ICW Investment Advisors LLC increased its position in shares of ExxonMobil by 0.3% during the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after purchasing an additional 69 shares in the last quarter. Finally, Swisher Financial Concepts Inc. lifted its holdings in shares of ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after purchasing an additional 69 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Key ExxonMobil News

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

ExxonMobil Trading Down 2.0%

Shares of ExxonMobil stock opened at $160.75 on Wednesday. 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 firm has a fifty day moving average price of $149.42 and a 200 day moving average price of $151.70. ExxonMobil Corporation has a 1 year low of $108.35 and a 1 year high of $176.41. The stock has a market cap of $666.29 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during 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 period in the previous year, the company posted $1.64 earnings per share. Equities research analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. HSBC set a $158.00 price target on ExxonMobil in a report on Monday, August 3rd. Sanford C. Bernstein cut their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. Ten investment 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 stock presently has an average rating of “Hold” and a consensus target price of $166.10.

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.