Kingswood Wealth Advisors LLC raised its holdings in ExxonMobil Corporation (NYSE:XOM – Free Report) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 66,722 shares of the oil and gas company’s stock after buying an additional 3,728 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ExxonMobil were worth $10,859,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of XOM. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 1,540,902 shares during the last quarter. Amundi raised its position in shares of ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after acquiring an additional 1,192,386 shares in 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 lifted its stake in ExxonMobil by 5.9% during 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 last quarter. Finally, National Pension Service lifted its stake in ExxonMobil by 1.8% during 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 purchasing an additional 166,268 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
ExxonMobil Stock Performance
NYSE:XOM opened at $179.87 on Wednesday. The stock’s 50 day moving average price is $166.66 and its 200 day moving average price is $153.45. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.88.
ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the business posted $1.64 earnings per share. As a group, equities research analysts predict that ExxonMobil Corporation will post 13.61 EPS for the current year.
ExxonMobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued 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%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on XOM shares. Piper Sandler upped their price target on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Wells Fargo & Company reissued an “equal weight” rating and set a $182.00 price objective on shares of ExxonMobil in a report on Thursday, October 1st. Barclays boosted 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. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, HSBC reiterated a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.70.
Get Our Latest Stock Analysis on ExxonMobil
Trending Headlines about ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil won dismissal of Kazakhstan’s roughly $12 billion Kashagan arbitration claim. The ruling removes the immediate risk of a major financial award tied to alleged project delays and cost overruns, reducing legal uncertainty for ExxonMobil and its partners. ExxonMobil wins dismissal of Kazakhstan’s Kashagan claim
- Positive Sentiment: Investors expect a strong third quarter, helped by refining margins and higher oil prices earlier in the period. Reports point to a potential refining benefit of approximately $4.5 billion, although the earnings release will show whether lower crude prices offset some of that gain. Exxon’s refining windfall and third-quarter earnings
- Positive Sentiment: ETF buying provides a technical demand signal. Exchange-traded funds reportedly added about $1.41 billion of XOM on October 22, while 28 ETFs increased their ExxonMobil holdings, potentially supporting the stock and signaling continued institutional interest. ETF purchases of ExxonMobil
- Neutral Sentiment: New Venezuelan oil shipments are arriving in Texas for sale to ExxonMobil and Citgo. The additional feedstock could benefit refinery utilization, but the transaction also carries geopolitical and regulatory considerations. Venezuelan oil arrives in Texas
- Negative Sentiment: Crude-price momentum has become less favorable. Persian Gulf exports have reportedly recovered toward pre-conflict levels, while Brent crude fell on hopes of easing tensions with Iran. Lower oil prices could pressure ExxonMobil’s upstream earnings and are a key risk to the stock’s elevated valuation. Gulf oil exports and ExxonMobil earnings outlook
About ExxonMobil
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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