Wagner Wealth Management Corp purchased a new stake in ExxonMobil Corporation (NYSE:XOM – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,690 shares of the oil and gas company’s stock, valued at approximately $601,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Aventus Investment Advisors Inc. bought a new position in ExxonMobil during the 2nd quarter worth approximately $27,000. Portus Wealth Advisors LLC acquired a new position in ExxonMobil during the first quarter valued at approximately $36,000. Atlantic Private Wealth LLC grew its holdings in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the period. Financial Connections Group Inc. acquired a new position in ExxonMobil during the first quarter valued at approximately $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in ExxonMobil by 53.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 113 shares in the last quarter. 61.80% of the stock is owned by institutional investors.
More ExxonMobil News
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.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Argus increased their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. HSBC reissued a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. Barclays boosted their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler upped their price objective on shares of ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and an average price target of $167.70.
View Our Latest Analysis on XOM
ExxonMobil Stock Up 0.2%
Shares of XOM stock opened at $178.14 on Thursday. The firm has a fifty day moving average of $164.95 and a 200-day moving average of $154.77. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $180.26. The company has a market capitalization of $738.39 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.04 and a beta of 0.21.
ExxonMobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the previous year, the business earned $1.64 earnings per share. As a group, equities research analysts predict that ExxonMobil Corporation will post 12.46 earnings per share for the current fiscal year.
ExxonMobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were issued 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 was Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.
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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