59,889 ExxonMobil Corporation $XOM Shares Bought by BG Investment Services LLC

Key Points

• BG Investment Services LLC increased its ExxonMobil stake by 2,749.7% in the third quarter, adding 59,889 shares to own 62,067 shares valued at approximately $10.1 million.
• Institutional interest remains significant, with other major funds—including GQG Partners, Dimensional Fund Advisors and Diamant Asset Management—also increasing positions; institutions collectively own 61.8% of XOM.
• ExxonMobil shares opened near a 12-month high at $184.41, while analysts maintain a “Moderate Buy” consensus with a $167.70 target. The company pays a quarterly dividend of $1.03 per share, although falling crude prices could pressure upstream earnings.

BG Investment Services LLC raised its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 2,749.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,067 shares of the oil and gas company's stock after acquiring an additional 59,889 shares during the quarter. ExxonMobil makes up 1.5% of BG Investment Services LLC's portfolio, making the stock its 15th largest holding. BG Investment Services LLC's holdings in ExxonMobil were worth $10,101,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. GQG Partners LLC lifted its position in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC bought a new stake in ExxonMobil in the first quarter worth $965,932,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of ExxonMobil in the 1st quarter worth about $766,345,000. Diamant Asset Management Inc. raised its position 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 purchasing an additional 2,171,322 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon's $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

Analyst Ratings Changes

Several equities research analysts have recently weighed in on XOM shares. Argus increased their price target on ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday. DZ Bank downgraded ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price for the company. in a research report on Tuesday, August 4th. BMO Capital Markets boosted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley upped their price target on shares of ExxonMobil from $177.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. One equities 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.70.

ExxonMobil Price Performance

Shares of XOM stock opened at $184.41 on Tuesday. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $184.59. 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 stock has a fifty day simple moving average of $165.81 and a two-hundred day simple moving average of $152.82. The stock has a market capitalization of $764.39 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 0.92 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last announced 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). The firm had revenue of $114.53 billion for 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 business posted $1.64 EPS. On average, analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current fiscal 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 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 2.2%. ExxonMobil's dividend payout ratio (DPR) is 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.

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