18,803 Shares in ExxonMobil Corporation $XOM Acquired by Ballast Inc.

Key Points

• Ballast Inc. acquired 18,803 ExxonMobil shares during the third quarter, valued at approximately $3.06 million. Institutional investors collectively own 61.8% of XOM’s outstanding stock.
• Analyst sentiment is mixed but leans positive: ExxonMobil has 11 Buy and 14 Hold ratings, with an average price target of $167.70, while Barclays recently upgraded the stock to “overweight” with a $200 target.
• XOM opened at $177.76 and offers a quarterly dividend of $1.03, or $4.12 annually, for a 2.3% yield. The company’s latest quarterly EPS of $3.52 narrowly missed estimates, although revenue exceeded expectations.

Ballast Inc. acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 18,803 shares of the oil and gas company's stock, valued at approximately $3,060,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aventus Investment Advisors Inc. acquired a new position in ExxonMobil in the second quarter worth approximately $27,000. Portus Wealth Advisors LLC bought a new stake in ExxonMobil in the first quarter worth approximately $36,000. Atlantic Private Wealth LLC grew its position in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 202 shares in the last quarter. Financial Connections Group Inc. bought a new stake in ExxonMobil in the first quarter worth approximately $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. BNP Paribas Exane cut their price target on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a report on Friday, July 17th. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Argus upped their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. TD Cowen upped their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a report on Monday, September 28th. Finally, Wall Street Zen raised shares of ExxonMobil to a "hold" rating in a research report on Saturday, September 5th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $167.70.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target to $200 and upgraded XOM to “overweight,” implying further upside and reinforcing confidence in ExxonMobil’s integrated business and exposure to higher commodity prices. Barclays raises ExxonMobil price target
• Positive Sentiment: Rising crude prices remain the primary catalyst. Oil has surged sharply in 2026 amid Middle East tensions, supporting expectations for stronger upstream earnings, while ExxonMobil’s Permian operations are benefiting from production growth, drilling technology and cost discipline. Oil explorers benefiting from higher crude prices
• Positive Sentiment: Investor articles continue to view ExxonMobil favorably ahead of its earnings update, citing its scale and diversification across exploration, refining, chemicals and specialty products. Its aviation-lubricants distribution agreement in the Americas also modestly expands its aftermarket reach. ExxonMobil outlook ahead of earnings
• Neutral Sentiment: Shell’s planned expansion of Canadian LNG exports highlights continued industry investment in gas and LNG after major oil companies scaled back clean-energy ambitions. The move supports the long-term appeal of ExxonMobil’s LNG and integrated-energy strategy, but it is not a direct ExxonMobil announcement. Shell expands Canadian LNG operations
• Negative Sentiment: Crude prices retreated from recent highs after a waiver of Russia-related sanctions and tariffs, reducing near-term support for oil producers. Investors may also be cautious because ExxonMobil’s strong run has lifted valuation, while its latest reported quarter narrowly missed the earnings-per-share consensus despite beating revenue estimates. ExxonMobil shares and crude price pullback

ExxonMobil Price Performance

NYSE XOM opened at $177.76 on Wednesday. ExxonMobil Corporation has a 1 year low of $111.99 and a 1 year high of $180.26. The company has a fifty day simple moving average of $164.58 and a 200 day simple moving average of $154.65. 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 company has a market cap of $736.79 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.04 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the company earned $1.64 earnings per share. On average, sell-side analysts predict that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

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.

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