Sawyer & Company Inc Makes New Investment in ExxonMobil Corporation $XOM

Sawyer & Company Inc acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 33,187 shares of the oil and gas company’s stock, valued at approximately $5,401,000. ExxonMobil makes up about 1.8% of Sawyer & Company Inc’s portfolio, making the stock its 16th largest holding.

A number of other large investors have also recently made changes to their positions in the business. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil during the second quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new stake in shares of ExxonMobil during the first quarter worth about $36,000. Atlantic Private Wealth LLC raised 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 acquiring an additional 202 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil in the 1st quarter worth about $53,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of ExxonMobil by 53.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 113 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil Price Performance

XOM opened at $178.14 on Thursday. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $180.26. 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 company has a market capitalization of $738.39 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.04 and a beta of 0.21. The firm’s fifty day moving average price is $164.95 and its two-hundred day moving average price is $154.77.

ExxonMobil (NYSE:XOM) last announced its 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 firm 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 quarter in the prior year, the company earned $1.64 EPS. As a group, analysts anticipate that ExxonMobil Corporation will post 12.46 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.3%. ExxonMobil’s payout ratio is 53.02%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XOM shares. Piper Sandler lifted their price target on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Weiss Ratings raised ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. Citigroup reissued a “neutral” rating and issued a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday. Finally, Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

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.