Sawyer & Company Inc Purchases New Shares in ExxonMobil Corporation $XOM

Sawyer & Company Inc purchased a new position in ExxonMobil Corporation (NYSE:XOM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,187 shares of the oil and gas company’s stock, valued at approximately $5,401,000. ExxonMobil accounts for approximately 1.8% of Sawyer & Company Inc’s investment portfolio, making the stock its 16th largest position.

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

ExxonMobil Price Performance

Shares of NYSE XOM opened at $178.14 on Thursday. The firm’s 50-day moving average price is $164.95 and its 200-day moving average price is $154.77. ExxonMobil Corporation has a 1-year low of $112.51 and a 1-year high of $180.26. The firm has a market capitalization of $738.39 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.04 and a beta of 0.21. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

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 the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period last year, the company earned $1.64 EPS. Equities research analysts anticipate that ExxonMobil Corporation will post 12.46 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

ExxonMobil News Roundup

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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XOM shares. Piper Sandler upped their target price on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded ExxonMobil to a “hold” rating in a report on Saturday, September 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Thursday, October 1st. BMO Capital Markets increased their price target on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley raised their price objective on shares of ExxonMobil from $177.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

Check Out Our Latest Stock Report on XOM

ExxonMobil Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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