ExxonMobil Corporation $XOM Stock: Root Financial Partners LLC Raises Holdings

Root Financial Partners LLC grew its stake in ExxonMobil Corporation (NYSE:XOM) by 42.3% in the third quarter, HoldingsChannel reports. The fund owned 16,278 shares of the oil and gas company’s stock after acquiring an additional 4,840 shares during the period. Root Financial Partners LLC’s holdings in ExxonMobil were worth $2,649,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GQG Partners LLC increased its holdings in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC bought a new position in ExxonMobil in the 1st quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership acquired a new position in ExxonMobil during the 1st quarter worth $766,345,000. Diamant Asset Management Inc. lifted its holdings in ExxonMobil by 17,312.4% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Up 2.8%

Shares of NYSE XOM opened at $183.23 on Friday. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $183.75. The firm has a market capitalization of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.89 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. The company’s 50 day simple moving average is $165.80 and its 200 day simple moving average is $155.09.

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 business 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 period in the prior year, the firm posted $1.64 EPS. On average, analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Morgan Stanley upped their price target on ExxonMobil from $177.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Mizuho lowered their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Finally, 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. One investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $167.70.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

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.