ExxonMobil Corporation $XOM Shares Newly Acquired by Lmcg Investments LLC

Lmcg Investments LLC acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the third quarter, HoldingsChannel.com reports. The fund acquired 81,958 shares of the oil and gas company’s stock, valued at approximately $13,339,000.

Other institutional investors have also made changes to their positions in the company. Crescent Grove Advisors LLC lifted its holdings in ExxonMobil by 21.1% in the 3rd quarter. Crescent Grove Advisors LLC now owns 12,289 shares of the oil and gas company’s stock worth $2,000,000 after purchasing an additional 2,145 shares during the last quarter. Cardinal Capital Management boosted its position in 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. boosted its position in 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 grew its holdings in 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. grew its holdings in ExxonMobil by 1.6% during the third 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 last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $183.23 on Friday. The company has a market cap of $759.46 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 0.89 and a beta of 0.21. The business has a 50 day moving average price of $165.80 and a 200 day moving average price of $155.09. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $183.75.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. Research analysts predict that ExxonMobil Corporation will post 13.63 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target 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. Citigroup restated a “neutral” rating and issued a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. Barclays upped their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Finally, BMO Capital Markets lifted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil News Summary

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.