Zullo Investment Group Inc. Acquires New Stake in ExxonMobil Corporation $XOM

Zullo Investment Group Inc. bought a new position in ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 7,399 shares of the oil and gas company’s stock, valued at approximately $1,204,000.

Other large investors have also recently modified their holdings of the company. Assetmark Inc. lifted its stake in ExxonMobil by 8.3% in the first 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 last quarter. Charles Schwab Trust Co boosted 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 valued at $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC grew its stake 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 valued at $1,584,000 after buying an additional 6,478 shares during the last quarter. Midwest Trust Co grew its stake in shares of ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after buying an additional 26,411 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of 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 valued at $34,648,000 after buying an additional 30,423 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on XOM shares. Morgan Stanley increased their price target on ExxonMobil from $177.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Mizuho dropped their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Wells Fargo & Company restated an “equal weight” rating and set a $182.00 price objective on shares of ExxonMobil in a report on Thursday, October 1st. Barclays upped their price objective on ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. One 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 company’s stock. Based on data from MarketBeat, ExxonMobil has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Trading Up 0.2%

Shares of XOM opened at $178.14 on Thursday. The firm has a market capitalization of $738.39 billion, a price-to-earnings ratio of 22.93, a PEG 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 1-year low of $112.51 and a 1-year high of $180.26. The company has a 50-day moving average of $164.95 and a 200 day moving average of $154.77.

ExxonMobil (NYSE:XOM) last issued 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 company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the prior year, the company earned $1.64 earnings per share. On average, research analysts expect that ExxonMobil Corporation will post 12.46 EPS for the current year.

ExxonMobil Dividend Announcement

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

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.