ExxonMobil Corporation $XOM Stock Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in ExxonMobil Corporation (NYSE:XOM) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 66,722 shares of the oil and gas company’s stock after purchasing an additional 3,728 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ExxonMobil were worth $10,859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its position in shares of 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 buying an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC acquired a new stake in shares of ExxonMobil in the first quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ExxonMobil in the 1st quarter valued at $766,345,000. Diamant Asset Management Inc. raised its holdings in shares of ExxonMobil by 17,312.4% in the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock valued at $370,514,000 after buying an additional 2,171,322 shares during the period. Finally, Dimensional Fund Advisors LP raised 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 buying an additional 1,540,902 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

NYSE:XOM opened at $179.87 on Wednesday. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $184.88. The company has a fifty day simple moving average of $166.66 and a two-hundred day simple moving average of $153.45.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities analysts expect that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.3%.

Analysts Set New Price Targets

A number of equities analysts recently commented on XOM shares. TD Cowen raised their target price on ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a report on Monday, September 28th. Piper Sandler lifted 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. 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 research note on Monday, September 21st. Jefferies Financial Group increased their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and an average price target of $167.70.

More ExxonMobil News

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

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.