ExxonMobil Corporation $XOM Position Lifted by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in ExxonMobil Corporation (NYSE:XOM) by 192.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,969 shares of the oil and gas company’s stock after purchasing an additional 70,364 shares during the period. Sterling Capital Management LLC’s holdings in ExxonMobil were worth $17,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assetmark Inc. raised its position in shares of ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co grew its position in ExxonMobil by 392.9% in 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 acquiring an additional 97,424 shares in the last quarter. CV Advisors LLC grew its position in ExxonMobil by 126.7% in the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after acquiring an additional 6,478 shares in the last quarter. Midwest Trust Co grew its position in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in ExxonMobil by 13.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company’s stock valued at $34,648,000 after acquiring an additional 30,423 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XOM shares. Jefferies Financial Group raised their price target on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. upped their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen raised ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday. Finally, HSBC restated a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and a consensus price target of $167.70.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $183.23 on Friday. 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 business’s 50 day simple moving average is $165.80 and its two-hundred day simple moving average is $155.09. The stock has a market capitalization of $759.46 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. ExxonMobil Corporation has a one year low of $112.51 and a one year high of $183.75.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate 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 posted $1.64 EPS. Analysts forecast that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

More ExxonMobil News

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.