5,490 Shares of ExxonMobil Corporation $XOM Acquired by AA Financial Advisors LLC

AA Financial Advisors LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,490 shares of the oil and gas company’s stock, valued at approximately $894,000.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Assetmark Inc. lifted its position in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after purchasing an additional 37,666 shares during the period. Charles Schwab Trust Co increased its position in shares of ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock worth $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC increased its position in shares of ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after buying an additional 6,478 shares during the period. Midwest Trust Co raised its stake in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after buying an additional 26,411 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in ExxonMobil by 13.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company’s stock worth $34,648,000 after buying an additional 30,423 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Trading Down 0.3%

Shares of NYSE:XOM traded down $0.62 during mid-day trading on Monday, hitting $178.36. The company had a trading volume of 11,124,509 shares, compared to its average volume of 17,926,811. The firm has a fifty day moving average price of $163.85 and a 200 day moving average price of $154.47. The company has a market capitalization of $739.30 billion, a PE ratio of 22.96, a price-to-earnings-growth 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 Corporation has a one year low of $111.98 and a one year high of $179.30.

ExxonMobil (NYSE:XOM) last released its 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). The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, research analysts forecast that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Dividend Announcement

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

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target to $200 and assigned an “overweight” rating, implying roughly 12% upside from the referenced $178.36 price. The upgrade provides a significant bullish signal for XOM, particularly as the stock trades close to its yearly high.
• Positive Sentiment: Refining margins are expected to provide a substantial third-quarter earnings boost. Reports point to a potential $4.5 billion refining tailwind, which could help ExxonMobil offset volatility in upstream oil and gas results. ExxonMobil flags a $4.5 billion refining tailwind for Q3 earnings
• Positive Sentiment: ExxonMobil remains positioned to benefit from higher crude prices and Permian production gains. Analysts cite drilling efficiencies, lower development costs and disciplined spending as supports for the company’s oil production outlook. Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices
• Neutral Sentiment: A new authorized aviation-lubricants distributor in the Americas expands ExxonMobil’s aftermarket reach, although the financial impact is likely modest relative to its overall operations. Proponent becomes an authorized ExxonMobil aviation lubricants distributor
• Neutral Sentiment: ExxonMobil’s integrated business and strong cash generation support its dividend, but its yield is relatively low. This makes XOM more attractive for financial durability and diversification than for income yield alone.
• Negative Sentiment: Crude prices retreated after reaching five-month highs following a U.S. waiver of Russia-related sanctions and tariffs. Lower oil prices can pressure ExxonMobil’s upstream revenue and explain the stock’s recent weakness despite favorable refining expectations. What’s Going On With Exxon Stock On Monday?

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. 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. Piper Sandler lifted their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $182.00 price objective on shares of ExxonMobil in a research note on Thursday, October 1st. Eleven research 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 stock presently has a consensus rating of “Hold” and a consensus target price of $167.30.

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.