V Square Quantitative Management LLC lifted its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 206.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,452 shares of the oil and gas company’s stock after acquiring an additional 5,023 shares during the period. V Square Quantitative Management LLC’s holdings in ExxonMobil were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in XOM. Dimensional Fund Advisors LP raised its position in shares of ExxonMobil by 5.7% during 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 acquiring an additional 1,540,902 shares in the last quarter. Amundi lifted its stake in ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC lifted its stake in ExxonMobil by 153.3% during the second 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 during the last quarter. Swiss National Bank boosted its holdings in ExxonMobil by 5.9% in the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after purchasing an additional 693,800 shares during the period. Finally, Invesco Ltd. boosted its holdings in ExxonMobil by 3.4% in the fourth quarter. Invesco Ltd. now owns 17,367,358 shares of the oil and gas company’s stock worth $2,089,988,000 after purchasing an additional 577,181 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on XOM. HSBC reiterated a “hold” rating and set a $90.00 target price on shares of ExxonMobil in a research note on Friday, September 25th. Mizuho dropped 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. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. BMO Capital Markets lifted their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley lifted their price target on shares of ExxonMobil from $177.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $165.13.
Read Our Latest Stock Analysis on XOM
ExxonMobil Stock Performance
Shares of NYSE XOM traded up $4.34 during mid-day trading on Friday, hitting $179.03. The company had a trading volume of 13,196,143 shares, compared to its average volume of 12,975,840. The stock has a market cap of $742.05 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.02 and a beta of 0.21. ExxonMobil Corporation has a 12 month low of $111.18 and a 12 month high of $179.16. 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 firm’s 50 day simple moving average is $163.85 and its two-hundred day simple moving average is $154.59.
ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, equities research analysts forecast that ExxonMobil Corporation will post 12.52 earnings per share for the current year.
ExxonMobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.
Key Headlines Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Refining margins are providing a major earnings boost. ExxonMobil expects higher refining margins to increase third-quarter Energy Products earnings by approximately $4.5 billion compared with the second quarter. Strong refining performance more than offset weakness in other segments, highlighting the benefit of ExxonMobil’s integrated operations. ExxonMobil’s Refining Profits Are Set to Jump $4.5 Billion
- Positive Sentiment: Growth projects continue to improve ExxonMobil’s long-term outlook. Production milestones in Guyana and the Permian Basin are moving key projects toward free-cash-flow generation. Guyana’s expanding production and additional offshore capacity could support future earnings and capital recovery. Production Milestones Could Be a Key Catalyst
- Positive Sentiment: Financial flexibility supports investor confidence. ExxonMobil’s low debt load and strong balance sheet provide protection against oil-price volatility and support capital investment, acquisitions and shareholder returns. Morgan Stanley also raised its price target from $177 to $185 and maintained an “overweight” rating. ExxonMobil’s Strong Balance Sheet Offers Cushion
- Neutral Sentiment: Investors are awaiting confirmed quarterly results. ExxonMobil will release its third-quarter 2026 results on October 30. Management’s report will clarify how much of the preliminary refining gain flowed through to total earnings and cash flow. ExxonMobil to Release Third Quarter 2026 Financial Results
- Negative Sentiment: Upstream conditions remain a headwind. Changes in oil prices are expected to reduce upstream earnings, with reports indicating a potential roughly $1.3 billion impact. Consequently, the overall third-quarter result may be lower even with the refining improvement. ExxonMobil Signals Lower Third-Quarter Earnings
ExxonMobil Profile
Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.
ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.
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