Nisa Investment Advisors LLC Sells 42,307 Shares of ExxonMobil Corporation $XOM

Nisa Investment Advisors LLC cut its holdings in ExxonMobil Corporation (NYSE:XOM) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 982,485 shares of the oil and gas company’s stock after selling 42,307 shares during the period. ExxonMobil makes up approximately 0.5% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Nisa Investment Advisors LLC’s holdings in ExxonMobil were worth $159,899,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XOM. GQG Partners LLC lifted its holdings in ExxonMobil by 153.3% in the 2nd 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 bought a new stake in shares of ExxonMobil in the 1st quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of ExxonMobil in the 1st quarter worth approximately $766,345,000. Diamant Asset Management Inc. grew its position 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 worth $370,514,000 after buying an additional 2,171,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of ExxonMobil by 5.7% during the first 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 News Summary

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.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. Mizuho dropped their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. HSBC reiterated a “hold” rating and issued a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. TD Cowen lifted their price target on shares of ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a report on Monday, September 28th. Finally, Jefferies Financial Group boosted their price objective on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Stock Up 0.2%

XOM stock opened at $178.14 on Thursday. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $180.26. The company has a market capitalization of $738.39 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. The business’s 50 day moving average price is $164.95 and its two-hundred day moving average price is $154.77. 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) 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). The firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations 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 business earned $1.64 EPS. As a group, analysts forecast that ExxonMobil Corporation will post 12.46 earnings per share 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 2.3%. ExxonMobil’s dividend payout ratio is 53.02%.

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.