TSG Advice Partners LLC purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,413 shares of the oil and gas company’s stock, valued at approximately $881,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. Amundi lifted its stake in ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares in the last quarter. GQG Partners LLC boosted its holdings in ExxonMobil by 153.3% during 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 acquiring an additional 10,214,420 shares during the last quarter. Swiss National Bank boosted its holdings in ExxonMobil by 5.9% during the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after acquiring an additional 693,800 shares during the last quarter. Finally, National Pension Service boosted its holdings in ExxonMobil by 1.8% during the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after acquiring an additional 166,268 shares during the last quarter. 61.80% of the stock is owned by institutional investors.
ExxonMobil Stock Down 3.9%
XOM stock opened at $179.92 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $745.75 billion, a PE ratio of 18.49, a PEG ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $188.50. The stock has a 50-day simple moving average of $168.06 and a two-hundred day simple moving average of $154.62.
ExxonMobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the prior year, the business posted $1.88 earnings per share. On average, equities analysts predict that ExxonMobil Corporation will post 13.58 EPS for the current fiscal year.
ExxonMobil Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio is presently 42.34%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on XOM shares. Piper Sandler raised their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Barclays upped their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Wells Fargo & Company increased their price objective on shares of ExxonMobil from $182.00 to $189.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, BMO Capital Markets lifted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and an average target price of $168.70.
Get Our Latest Stock Analysis on ExxonMobil
Trending Headlines about ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil reported third-quarter adjusted earnings of $4.23 per share, ahead of consensus, while revenue increased roughly 33% year over year to approximately $110.5 billion-$113.2 billion. Refining-margin gains and continued LNG expansion supported the results. XOM Q3 Earnings Call Highlights Refining Strength and LNG Expansion
- Positive Sentiment: UBS raised its XOM price target to $213 and maintained a Buy rating. Morgan Stanley increased its target to $187 with an Overweight rating, while Wells Fargo lifted its target to $189 but retained Equal Weight. These revisions indicate continued confidence in ExxonMobil’s earnings and shareholder-return outlook. Analysts Boost Forecasts on ExxonMobil
- Positive Sentiment: The company raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase. ExxonMobil also emphasized buybacks, debt reduction and strong free cash flow, reinforcing its appeal to income-focused investors. Exxon Dividend and Free Cash Flow
- Positive Sentiment: ExxonMobil agreed to take a 50% stake in Mozambique LNG, adding a long-term growth opportunity in liquefied natural gas and strengthening its global gas portfolio. ExxonMobil Takes 50% Stake in Mozambique LNG
- Neutral Sentiment: ExxonMobil’s shares were added to Securitize’s tokenized-stock platform on Solana. The move may improve market accessibility, but its near-term effect on ExxonMobil’s fundamentals and valuation is limited. Tokenized Stock Trading on Solana
- Negative Sentiment: Crude prices declined, prompting investors to take profits after XOM reached a record high following the earnings release. The stock’s elevated valuation also leaves less room for disappointment.
- Negative Sentiment: Although total earnings more than doubled year over year, adjusted upstream earnings fell about 20% sequentially. That decline raises concerns that refining strength, rather than broad-based production growth, drove much of the latest beat. ExxonMobil Earnings Vulnerability
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.
Further Reading
- Five stocks we like better than ExxonMobil
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM – Free Report).
Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.
