MBL Wealth LLC acquired a new position in ExxonMobil Corporation (NYSE:XOM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,504 shares of the oil and gas company’s stock, valued at approximately $3,012,000.
A number of other large investors have also recently made changes to their positions in the business. NBT Bank N.A. purchased a new position in shares of ExxonMobil during the third quarter valued at approximately $26,000. Aventus Investment Advisors Inc. purchased a new stake in ExxonMobil in the second quarter worth $27,000. Portus Wealth Advisors LLC purchased a new stake in ExxonMobil in the first quarter worth $36,000. Atlantic Private Wealth LLC lifted its stake in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in ExxonMobil in the first quarter valued at $53,000. 61.80% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
XOM has been the topic of a number of research analyst reports. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group upped their price objective on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Morgan Stanley raised their target price 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. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Finally, BMO Capital Markets lifted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.70.
Get Our Latest Stock Report on XOM
ExxonMobil Stock Up 2.8%
Shares of NYSE:XOM opened at $183.23 on Friday. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $183.75. The firm has a market capitalization of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.92 and a beta of 0.21. The stock has a 50 day moving average price of $165.80 and a 200-day moving average price of $155.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.
ExxonMobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the previous year, the business earned $1.64 EPS. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.
ExxonMobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were issued a $1.03 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.2%. ExxonMobil’s dividend payout ratio is 53.02%.
ExxonMobil News Roundup
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
- Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
- Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
- Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
- Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
- Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption
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.
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