6,772 Shares of ExxonMobil Corporation $XOM Purchased by Atticus Wealth Management LLC

Key Points

• Atticus Wealth Management purchased 6,772 ExxonMobil shares worth approximately $1.1 million in the third quarter. Institutional investors collectively own 61.8% of XOM.
• Analysts remain broadly positive, with an average “Moderate Buy” rating and a consensus price target of $167.70, although the stock recently opened at $178.14 near its 52-week high.
• ExxonMobil reported quarterly revenue above expectations but slightly missed on earnings, while maintaining a quarterly dividend of $1.03 per share, equivalent to a 2.3% yield.

Atticus Wealth Management LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,772 shares of the oil and gas company's stock, valued at approximately $1,102,000.

A number of other hedge funds have also modified their holdings of XOM. Newman Dignan & Sheerar Inc. lifted its stake in shares of ExxonMobil by 23.2% during the third quarter. Newman Dignan & Sheerar Inc. now owns 13,709 shares of the oil and gas company's stock valued at $2,231,000 after buying an additional 2,584 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of ExxonMobil by 21.4% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 3,258 shares of the oil and gas company's stock worth $530,000 after acquiring an additional 575 shares during the period. Cushing Capital Partners LLC lifted its holdings in shares of ExxonMobil by 30.1% during the 3rd quarter. Cushing Capital Partners LLC now owns 2,198 shares of the oil and gas company's stock worth $358,000 after acquiring an additional 509 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of ExxonMobil by 9.5% in the third quarter. Physician Wealth Advisors Inc. now owns 4,019 shares of the oil and gas company's stock worth $654,000 after acquiring an additional 350 shares during the last quarter. Finally, Carnegie Investment Counsel grew its holdings in ExxonMobil by 6.7% in the third quarter. Carnegie Investment Counsel now owns 85,859 shares of the oil and gas company's stock valued at $13,974,000 after purchasing an additional 5,413 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XOM shares. TD Cowen upped their price target on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. Morgan Stanley lifted their price target on shares of ExxonMobil from $177.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Wells Fargo & Company restated an "equal weight" rating and issued a $182.00 price objective on shares of ExxonMobil in a report on Thursday, October 1st. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.70.

ExxonMobil Price Performance

Shares of XOM stock opened at $178.14 on Thursday. The firm has a fifty day simple moving average of $164.95 and a 200-day simple moving average of $154.77. The company has a market capitalization of $738.39 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $180.26. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

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 the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. During the same period last year, the firm earned $1.64 EPS. Equities research analysts anticipate that ExxonMobil Corporation will post 12.46 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. ExxonMobil's dividend payout ratio (DPR) is currently 53.02%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

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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