Leo Wealth LLC Makes New $2.10 Million Investment in ExxonMobil Corporation $XOM

Leo Wealth LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, Holdings Channel reports. The firm purchased 12,870 shares of the oil and gas company’s stock, valued at approximately $2,095,000.

A number of other institutional investors also recently made changes to their positions in XOM. NBT Bank N.A. acquired a new stake in shares of ExxonMobil during the third quarter valued at $26,000. Aventus Investment Advisors Inc. purchased a new stake in ExxonMobil during the 2nd quarter worth about $27,000. Portus Wealth Advisors LLC acquired a new position in ExxonMobil in the 1st quarter valued at about $36,000. Atlantic Private Wealth LLC raised its stake in ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in ExxonMobil in the 1st quarter valued at about $53,000. 61.80% of the stock is owned by institutional investors and hedge funds.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil won dismissal of Kazakhstan’s roughly $12 billion Kashagan arbitration claim. The ruling removes the immediate risk of a major financial award tied to alleged project delays and cost overruns, reducing legal uncertainty for ExxonMobil and its partners. ExxonMobil wins dismissal of Kazakhstan’s Kashagan claim
• Positive Sentiment: Investors expect a strong third quarter, helped by refining margins and higher oil prices earlier in the period. Reports point to a potential refining benefit of approximately $4.5 billion, although the earnings release will show whether lower crude prices offset some of that gain. Exxon’s refining windfall and third-quarter earnings
• Positive Sentiment: ETF buying provides a technical demand signal. Exchange-traded funds reportedly added about $1.41 billion of XOM on October 22, while 28 ETFs increased their ExxonMobil holdings, potentially supporting the stock and signaling continued institutional interest. ETF purchases of ExxonMobil
• Neutral Sentiment: New Venezuelan oil shipments are arriving in Texas for sale to ExxonMobil and Citgo. The additional feedstock could benefit refinery utilization, but the transaction also carries geopolitical and regulatory considerations. Venezuelan oil arrives in Texas
• Negative Sentiment: Crude-price momentum has become less favorable. Persian Gulf exports have reportedly recovered toward pre-conflict levels, while Brent crude fell on hopes of easing tensions with Iran. Lower oil prices could pressure ExxonMobil’s upstream earnings and are a key risk to the stock’s elevated valuation. Gulf oil exports and ExxonMobil earnings outlook

ExxonMobil Trading Down 2.5%

NYSE XOM opened at $179.87 on Wednesday. The business’s 50-day moving average price is $166.66 and its 200 day moving average price is $153.45. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $184.88.

ExxonMobil (NYSE:XOM) last announced 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). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the business posted $1.64 EPS. As a group, research analysts anticipate that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on XOM shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $182.00 price target on shares of ExxonMobil in a research note on Thursday, October 1st. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research note on Tuesday, August 4th. Piper Sandler raised their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Barclays lifted their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil 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.