ExxonMobil Corporation $XOM Shares Purchased by Odyssean LLC

Odyssean LLC increased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 633.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,222 shares of the oil and gas company’s stock after buying 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 SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. MorganRosel Wealth Management LLC purchased a new position in ExxonMobil in the second quarter valued at $894,000. Park Place Capital Corp boosted its stake in shares of ExxonMobil by 67.9% during the 2nd quarter. Park Place Capital Corp now owns 9,757 shares of the oil and gas company’s stock worth $1,334,000 after acquiring an additional 3,945 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in shares of ExxonMobil by 2.8% during the 2nd quarter. Twin Peaks Wealth Advisors LLC now owns 3,729 shares of the oil and gas company’s stock valued at $510,000 after acquiring an additional 103 shares during the period. Capital Square LLC increased its stake in shares of ExxonMobil by 6.0% in the 2nd quarter. Capital Square LLC now owns 16,948 shares of the oil and gas company’s stock valued at $2,354,000 after purchasing an additional 953 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its stake in shares of ExxonMobil by 1.1% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 392,100 shares of the oil and gas company’s stock valued at $53,608,000 after purchasing an additional 4,210 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Stories 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 Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. TD Cowen increased 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. HSBC set a $158.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. Finally, Barclays cut their price target on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and a consensus price target of $166.10.

ExxonMobil Price Performance

ExxonMobil stock opened at $160.75 on Wednesday. The company has a fifty day simple moving average of $149.42 and a 200-day simple moving average of $151.70. The firm has a market capitalization of $666.29 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.65 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 52-week low of $108.35 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last posted 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 return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. On average, equities analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal 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 issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is currently 53.02%.

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.