Kercheville Advisors LLC Makes New Investment in ExxonMobil Corporation $XOM

Kercheville Advisors LLC bought a new position in ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 58,864 shares of the oil and gas company’s stock, valued at approximately $9,580,000. ExxonMobil makes up 2.6% of Kercheville Advisors LLC’s portfolio, making the stock its 11th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil during the second quarter worth about $27,000. Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil in the 1st quarter worth about $36,000. Atlantic Private Wealth LLC boosted its holdings in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Financial Connections Group Inc. bought a new position in shares of ExxonMobil during the 1st quarter valued at about $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target to $200 and assigned an “overweight” rating, implying roughly 12% upside from the referenced $178.36 price. The upgrade provides a significant bullish signal for XOM, particularly as the stock trades close to its yearly high.
• Positive Sentiment: Refining margins are expected to provide a substantial third-quarter earnings boost. Reports point to a potential $4.5 billion refining tailwind, which could help ExxonMobil offset volatility in upstream oil and gas results. ExxonMobil flags a $4.5 billion refining tailwind for Q3 earnings
• Positive Sentiment: ExxonMobil remains positioned to benefit from higher crude prices and Permian production gains. Analysts cite drilling efficiencies, lower development costs and disciplined spending as supports for the company’s oil production outlook. Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices
• Neutral Sentiment: A new authorized aviation-lubricants distributor in the Americas expands ExxonMobil’s aftermarket reach, although the financial impact is likely modest relative to its overall operations. Proponent becomes an authorized ExxonMobil aviation lubricants distributor
• Neutral Sentiment: ExxonMobil’s integrated business and strong cash generation support its dividend, but its yield is relatively low. This makes XOM more attractive for financial durability and diversification than for income yield alone.
• Negative Sentiment: Crude prices retreated after reaching five-month highs following a U.S. waiver of Russia-related sanctions and tariffs. Lower oil prices can pressure ExxonMobil’s upstream revenue and explain the stock’s recent weakness despite favorable refining expectations. What’s Going On With Exxon Stock On Monday?

ExxonMobil Trading Down 0.3%

ExxonMobil stock traded down $0.62 during mid-day trading on Monday, hitting $178.36. The company’s stock had a trading volume of 11,124,509 shares, compared to its average volume of 17,926,811. 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 stock has a market cap of $739.30 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. The business has a 50 day moving average price of $164.22 and a 200-day moving average price of $154.53. ExxonMobil Corporation has a 12 month low of $111.98 and a 12 month high of $179.30.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. As a group, analysts forecast that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Analyst Ratings Changes

A number of brokerages recently weighed in on XOM. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Mizuho cut their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Weiss Ratings raised ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Argus increased their price target on shares of ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, UBS Group reiterated a “buy” rating and set a $199.00 price target on shares of ExxonMobil in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, ExxonMobil has an average rating of “Hold” and an average target price of $167.30.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.