Altium Investment Strategies LLC bought a new position in ExxonMobil Corporation (NYSE:XOM – Free Report) during the third quarter, Holdings Channel reports. The fund bought 63,000 shares of the oil and gas company’s stock, valued at approximately $10,967,000. ExxonMobil makes up 12.5% of Altium Investment Strategies LLC’s portfolio, making the stock its 4th biggest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in ExxonMobil by 5.7% during the first 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 purchasing an additional 1,540,902 shares during the period. Amundi increased its position in ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after buying an additional 1,192,386 shares in the last quarter. GQG Partners LLC raised its stake in shares of ExxonMobil by 153.3% in 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 buying an additional 10,214,420 shares during the period. Swiss National Bank raised its stake in shares of 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 buying an additional 693,800 shares during the period. Finally, National Pension Service raised its stake in shares of ExxonMobil by 1.8% in the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after buying an additional 166,268 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.
ExxonMobil Trading Down 0.3%
XOM stock opened at $178.36 on Tuesday. ExxonMobil Corporation has a 12 month low of $111.98 and a 12 month high of $179.30. The firm’s 50-day moving average is $164.22 and its 200 day moving average is $154.53. The company has a market capitalization of $739.30 billion, a PE ratio of 22.96, a P/E/G ratio of 1.04 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.
ExxonMobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the previous year, the company posted $1.64 EPS. On average, research analysts anticipate that ExxonMobil Corporation will post 12.52 EPS for the current year.
ExxonMobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.3%. ExxonMobil’s dividend payout ratio is presently 53.02%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Mizuho reduced their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. TD Cowen lifted their target price on shares of ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Jefferies Financial Group upped their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Finally, Citigroup reissued a “neutral” rating and set a $175.00 price target (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Eleven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $167.30.
Get Our Latest Stock Report on ExxonMobil
More ExxonMobil News
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Barclays raised its price target on ExxonMobil from $177 to $200 and upgraded the stock to “overweight,” implying approximately 12% upside from the referenced price. The move reflects stronger analyst confidence in ExxonMobil’s earnings outlook. Barclays ExxonMobil price target update
- Positive Sentiment: ExxonMobil has indicated that stronger refining margins could provide a significant boost to third-quarter results, with estimates pointing to a potential $4.5 billion refining tailwind. Improving Permian production, drilling efficiency and cost discipline also support the company’s upstream outlook. ExxonMobil refining tailwind
- Positive Sentiment: Proponent became an authorized distributor of ExxonMobil Aviation lubricants in the Americas, expanding ExxonMobil’s aftermarket distribution reach. The announcement is strategically positive but likely has limited near-term earnings impact. ExxonMobil aviation lubricants distribution agreement
- Neutral Sentiment: Analyst commentary continues to highlight ExxonMobil’s diversified business across exploration, refining, chemicals and specialty products. That diversification supports cash generation and dividend security, although the stock’s yield is viewed as relatively modest. ExxonMobil dividend analysis
- Negative Sentiment: The main pressure on XOM is the decline in crude prices from recent highs. Lower oil prices can reduce upstream revenue and profit expectations, even as refining margins remain favorable. ExxonMobil shares and crude oil prices
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.
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