Smithbridge Asset Management Inc. DE Buys New Position in ExxonMobil Corporation $XOM

Smithbridge Asset Management Inc. DE bought a new stake in ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,250 shares of the oil and gas company’s stock, valued at approximately $1,017,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Planning Group LLC increased its holdings in shares of ExxonMobil by 27.7% during the third quarter. Retirement Planning Group LLC now owns 49,967 shares of the oil and gas company’s stock valued at $8,132,000 after acquiring an additional 10,827 shares in the last quarter. Secure Asset Management LLC raised its position in shares of ExxonMobil by 5.7% in the 3rd quarter. Secure Asset Management LLC now owns 24,469 shares of the oil and gas company’s stock valued at $3,982,000 after purchasing an additional 1,314 shares during the last quarter. Worth Financial Advisory Group LLC raised its position in shares of ExxonMobil by 2.4% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 11,559 shares of the oil and gas company’s stock valued at $1,881,000 after purchasing an additional 270 shares during the last quarter. Columbia Asset Management purchased a new position in shares of ExxonMobil in the 3rd quarter valued at approximately $3,610,000. Finally, Maia Wealth LLC boosted its stake in ExxonMobil by 7.1% in the 3rd quarter. Maia Wealth LLC now owns 16,528 shares of the oil and gas company’s stock worth $2,690,000 after purchasing an additional 1,102 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target on ExxonMobil from $177 to $200 and upgraded the stock to “overweight,” implying approximately 12% upside from the referenced price. The move reflects stronger analyst confidence in ExxonMobil’s earnings outlook. Barclays ExxonMobil price target update
• Positive Sentiment: ExxonMobil has indicated that stronger refining margins could provide a significant boost to third-quarter results, with estimates pointing to a potential $4.5 billion refining tailwind. Improving Permian production, drilling efficiency and cost discipline also support the company’s upstream outlook. ExxonMobil refining tailwind
• Positive Sentiment: Proponent became an authorized distributor of ExxonMobil Aviation lubricants in the Americas, expanding ExxonMobil’s aftermarket distribution reach. The announcement is strategically positive but likely has limited near-term earnings impact. ExxonMobil aviation lubricants distribution agreement
• Neutral Sentiment: Analyst commentary continues to highlight ExxonMobil’s diversified business across exploration, refining, chemicals and specialty products. That diversification supports cash generation and dividend security, although the stock’s yield is viewed as relatively modest. ExxonMobil dividend analysis
• Negative Sentiment: The main pressure on XOM is the decline in crude prices from recent highs. Lower oil prices can reduce upstream revenue and profit expectations, even as refining margins remain favorable. ExxonMobil shares and crude oil prices

Wall Street Analyst Weigh In

Several research firms have weighed in on XOM. Argus boosted their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. BMO Capital Markets raised their price target 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. Wall Street Zen upgraded shares of ExxonMobil to a “hold” rating in a research note on Saturday, September 5th. Finally, Mizuho lowered their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $167.30.

ExxonMobil Trading Down 0.3%

Shares of NYSE:XOM opened at $178.36 on Tuesday. 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 $111.98 and a 52-week high of $179.30. The stock has a market cap of $739.30 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.04 and a beta of 0.21. The business has a 50-day moving average price of $164.22 and a 200-day moving average price of $154.53.

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 firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $1.64 EPS. Equities analysts predict that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) 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.