Sumitomo Mitsui DS Asset Management Company Ltd Acquires 7,758 Shares of ExxonMobil Corporation $XOM

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 669,750 shares of the oil and gas company’s stock after purchasing an additional 7,758 shares during the period. ExxonMobil accounts for about 0.7% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 29th largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in ExxonMobil were worth $109,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GQG Partners LLC grew its position in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC bought a new position in ExxonMobil during the first quarter valued at about $965,932,000. Arrowstreet Capital Limited Partnership bought a new position in ExxonMobil during the first quarter valued at about $766,345,000. Diamant Asset Management Inc. increased its stake in ExxonMobil by 17,312.4% during the first quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock valued at $370,514,000 after acquiring an additional 2,171,322 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after acquiring an additional 1,540,902 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on XOM shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. Barclays lifted their price objective on ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen upgraded ExxonMobil to a “hold” rating in a research report on Saturday, September 5th. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Tuesday, August 4th. Finally, BNP Paribas Exane cut their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.30.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $178.36 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The business’s fifty day moving average price is $164.22 and its two-hundred day moving average price is $154.53. ExxonMobil Corporation has a fifty-two week low of $111.98 and a fifty-two week high of $179.30. The stock has a market capitalization of $739.30 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, analysts predict that ExxonMobil Corporation will post 12.52 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target from $177 to $200 and maintained an “overweight” rating, implying continued confidence in ExxonMobil’s earnings and cash-generation potential.
• Positive Sentiment: ExxonMobil’s shares reached a new 1-year high following the analyst upgrade, reflecting strong recent momentum and investor optimism. ExxonMobil Reaches New 1-Year High Following Analyst Upgrade
• Positive Sentiment: The company flagged a potential $4.5 billion refining tailwind for third-quarter results. Higher refining margins could materially support earnings and offset some pressure from commodity-price volatility. ExxonMobil flags a $4.5 billion refining tailwind for Q3 earnings
• Positive Sentiment: Analysts continue to highlight ExxonMobil’s Permian production growth, drilling efficiencies and diversified operations. Forecasts for substantially higher crude prices also support the company’s upstream earnings outlook. Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices
• Positive Sentiment: Proponent became an authorized distributor of ExxonMobil aviation lubricants in the Americas, expanding the company’s aftermarket distribution reach, although the financial impact is likely modest initially. Proponent Becomes an Authorized ExxonMobil Aviation Lubricants Distributor
• Neutral Sentiment: ExxonMobil’s integrated model and substantial cash resources support its dividend, but the stock’s relatively shallow yield may make it less attractive to income-focused investors. ExxonMobil’s Dividend Has Deep Pockets, but a Shallow Yield
• Negative Sentiment: Crude prices retreated after the United States eased Russia-related sanctions and tariffs, weighing on energy-sector sentiment and reducing near-term support for ExxonMobil’s upstream business. What’s Going On With Exxon Stock on Monday?
• Negative Sentiment: With XOM near its high and trading at an elevated valuation, some fair-value estimates remain below the market price, limiting perceived upside and increasing sensitivity to weaker oil or refining conditions.

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.