ExxonMobil Corporation $XOM Stock Acquired by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co grew its position in shares of ExxonMobil Corporation (NYSE:XOM) by 23.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 38,093 shares of the oil and gas company’s stock after buying an additional 7,350 shares during the period. ExxonMobil comprises approximately 1.2% of NORTHSTAR ASSET MANAGEMENT Co’s portfolio, making the stock its 18th biggest holding. NORTHSTAR ASSET MANAGEMENT Co’s holdings in ExxonMobil were worth $6,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XOM. Assetmark Inc. increased its stake in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after purchasing an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its position in 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 worth $16,710,000 after purchasing an additional 97,424 shares in the last quarter. CV Advisors LLC boosted its position in ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after purchasing an additional 6,478 shares in the last quarter. Midwest Trust Co boosted its position in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in 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 worth $34,648,000 after purchasing an additional 30,423 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

Analysts Set New Price Targets

Several analysts have commented on the company. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $182.00 target price on shares of ExxonMobil in a research note on Thursday, October 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $178.00 target price on shares of ExxonMobil in a research report on Tuesday, October 20th. Barclays increased their target price on ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Finally, Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price target for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Stock Up 0.0%

XOM stock opened at $183.23 on Monday. The stock has a market capitalization of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.92 and a beta of 0.21. The firm has a 50-day simple moving average of $165.80 and a 200-day simple moving average of $155.03. 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 52 week low of $112.51 and a 52 week high of $183.75.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results 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 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 quarter last year, the company earned $1.64 EPS. Equities analysts forecast that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

ExxonMobil Company 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.