ExxonMobil Corporation $XOM Shares Newly Acquired by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,927 shares of the oil and gas company’s stock, valued at approximately $1,778,000. ExxonMobil accounts for about 0.7% of Signature Wealth Management Partners LLC’s portfolio, making the stock its 24th largest position.

Other large investors have also modified their holdings of the company. Assetmark Inc. raised its stake in ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after purchasing an additional 37,666 shares during the period. Charles Schwab Trust Co grew its stake in shares of ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC grew its stake in shares of ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after buying an additional 6,478 shares during the period. Midwest Trust Co grew its stake in shares of ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after buying an additional 26,411 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of ExxonMobil by 13.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company’s stock worth $34,648,000 after buying an additional 30,423 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings. ExxonMobil shares have gained about 12% over the past month and 45% this year as Middle East attacks pushed Brent crude above $100 per barrel. Higher oil prices can improve upstream revenue and cash flow. ExxonMobil Just Gained 12% in a Month and Chevron 11%: Take Profits, or Buy More?
• Positive Sentiment: Analyst sentiment has improved. Zacks upgraded XOM from “hold” to “strong buy,” while Barclays raised its price target. The upgrades reflect ExxonMobil’s strong performance, balance sheet and outlook. Zacks Research Stock Recommendations ExxonMobil Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Long-term production prospects remain favorable. Low-cost Permian Basin and Guyana assets are expected to support upstream production growth through 2030, while disciplined investment could strengthen returns as oil prices remain elevated. Can ExxonMobil Strengthen Its Long-Term Upstream Production Capacity?
• Neutral Sentiment: Momentum is attracting investor attention. Analysts describe XOM as a strong momentum stock and note that it has outperformed BP, although BP’s lower valuation may appeal to value-focused investors. XOM vs. BP: Which Integrated Energy Giant Has the Edge?
• Negative Sentiment: Illinois refinery disruption is a near-term concern. The outage has contributed to a surge in Midwest gasoline prices and could pressure ExxonMobil’s refining volumes or raise repair costs, despite potentially supporting regional fuel margins. Midwest Pump Prices Surge After Disruption at Exxon’s Illinois Refinery

Analyst Ratings Changes

XOM has been the topic of several research reports. Wall Street Zen raised ExxonMobil to a “hold” rating in a research report on Saturday, September 5th. Mizuho reduced their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. UBS Group reaffirmed a “buy” rating and set a $199.00 price target on shares of ExxonMobil in a research report on Monday. Barclays increased their price target on ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil Stock Down 0.1%

NYSE XOM opened at $177.94 on Friday. The stock has a market cap of $737.56 billion, a PE ratio of 22.90, a P/E/G ratio of 0.89 and a beta of 0.21. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $180.31. The business has a 50 day moving average price of $165.33 and a two-hundred day moving average price of $154.89. 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 (NYSE:XOM) last issued its quarterly earnings data 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). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the business earned $1.64 EPS. As a group, sell-side analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current fiscal 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. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. ExxonMobil’s dividend payout ratio is 53.02%.

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.