6,278 Shares of ExxonMobil Corporation $XOM Acquired by Greg Jennings LLC

Greg Jennings LLC bought a new position in ExxonMobil Corporation (NYSE:XOM) during the third quarter, Holdings Channel reports. The fund bought 6,278 shares of the oil and gas company’s stock, valued at approximately $1,022,000. ExxonMobil makes up 0.7% of Greg Jennings LLC’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. GQG Partners LLC lifted its holdings in ExxonMobil by 153.3% in the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after purchasing an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC purchased a new stake in shares of ExxonMobil in the first quarter valued at approximately $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ExxonMobil in the 1st quarter worth $766,345,000. Diamant Asset Management Inc. boosted its stake in shares of ExxonMobil by 17,312.4% during the first quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock valued at $370,514,000 after purchasing an additional 2,171,322 shares in the last quarter. Finally, Employees Provident Fund Board purchased a new stake in shares of ExxonMobil during the 4th quarter worth $238,970,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XOM. Piper Sandler raised their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. boosted their price target on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Mizuho lowered their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. HSBC reaffirmed a “hold” rating and issued a $90.00 price objective on shares of ExxonMobil in a report on Friday, September 25th. Finally, The Goldman Sachs Group set a $169.00 target price on shares of ExxonMobil in a research report on Friday. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $167.30.

Trending Headlines about ExxonMobil

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 Stock Down 0.3%

Shares of XOM traded down $0.62 during midday trading on Monday, hitting $178.36. The company 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 quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a 1 year low of $111.98 and a 1 year high of $179.30. The firm has a market capitalization of $739.30 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.04 and a beta of 0.21. The company’s 50-day simple moving average is $163.85 and its 200-day simple moving average is $154.47.

ExxonMobil (NYSE:XOM) last announced 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 company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the prior year, the business earned $1.64 earnings per share. As a group, sell-side analysts expect that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

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.