ExxonMobil Corporation $XOM Shares Newly Bought by Lmcg Investments LLC

Lmcg Investments LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 81,958 shares of the oil and gas company’s stock, valued at approximately $13,339,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Crescent Grove Advisors LLC increased its position in shares of ExxonMobil by 21.1% during the 3rd quarter. Crescent Grove Advisors LLC now owns 12,289 shares of the oil and gas company’s stock valued at $2,000,000 after purchasing an additional 2,145 shares during the period. Cardinal Capital Management raised its position in shares of ExxonMobil by 2.2% during the third quarter. Cardinal Capital Management now owns 117,606 shares of the oil and gas company’s stock worth $19,140,000 after purchasing an additional 2,579 shares during the period. Oakmont Investment Advisors Inc. raised its position in shares of ExxonMobil by 1.8% during the third quarter. Oakmont Investment Advisors Inc. now owns 5,942 shares of the oil and gas company’s stock worth $967,000 after purchasing an additional 104 shares during the period. Foster Victor Wealth Advisors LLC lifted its holdings in shares of ExxonMobil by 2.6% during the third quarter. Foster Victor Wealth Advisors LLC now owns 13,204 shares of the oil and gas company’s stock valued at $2,354,000 after purchasing an additional 336 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of ExxonMobil by 1.6% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 98,299 shares of the oil and gas company’s stock valued at $15,998,000 after purchasing an additional 1,560 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 2.8%

Shares of NYSE XOM opened at $183.23 on Friday. ExxonMobil Corporation has a one year low of $112.51 and a one year high of $183.75. The firm has a market capitalization of $759.46 billion, a PE ratio of 23.58, a PEG ratio of 0.89 and a beta of 0.21. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $165.80 and a two-hundred day moving average price of $155.09.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share 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 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 last year, the company posted $1.64 earnings per share. As a group, analysts predict that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Weiss Ratings raised shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. HSBC reissued a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Tuesday, August 4th. BMO Capital Markets upped their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane decreased their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. 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 company. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.70.

Key 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

ExxonMobil 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.