8,340 Shares in ExxonMobil Corporation $XOM Purchased by Kings Path Partners LLC

Key Points

• Kings Path Partners LLC acquired 8,340 ExxonMobil shares in the third quarter, valued at approximately $1.36 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• Analyst sentiment is generally positive: Zacks upgraded ExxonMobil to “strong buy,” while Barclays raised its price target to $200. The stock carries a “Moderate Buy” consensus rating with an average target of $167.70.
• ExxonMobil shares opened at $177.94 and are near their 52-week high, supported by higher crude prices and favorable production prospects. The company also pays a quarterly dividend of $1.03 per share, equivalent to a 2.3% annualized yield.

Kings Path Partners LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,340 shares of the oil and gas company's stock, valued at approximately $1,357,000.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 1,540,902 shares during the period. Amundi grew its stake in shares of ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock worth $4,158,563,000 after purchasing an additional 1,192,386 shares during the period. GQG Partners LLC grew its stake in shares of 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 purchasing an additional 10,214,420 shares during the period. Swiss National Bank grew its stake in shares of ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock worth $2,099,783,000 after purchasing an additional 693,800 shares during the period. Finally, National Pension Service increased its holdings in ExxonMobil by 1.8% in the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock valued at $1,321,265,000 after purchasing an additional 166,268 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Monday. BMO Capital Markets boosted their target price on ExxonMobil from $160.00 to $170.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. TD Cowen upped their price target on ExxonMobil from $168.00 to $180.00 and gave the company a "buy" rating in a research note on Monday, September 28th. Barclays increased their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Mizuho reduced their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $167.70.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings. ExxonMobil shares have gained about 12% over the past month and 45% this year as Middle East attacks pushed Brent crude above $100 per barrel. Higher oil prices can improve upstream revenue and cash flow. ExxonMobil Just Gained 12% in a Month and Chevron 11%: Take Profits, or Buy More?
• Positive Sentiment: Analyst sentiment has improved. Zacks upgraded XOM from “hold” to “strong buy,” while Barclays raised its price target. The upgrades reflect ExxonMobil’s strong performance, balance sheet and outlook. Zacks Research Stock Recommendations ExxonMobil Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Long-term production prospects remain favorable. Low-cost Permian Basin and Guyana assets are expected to support upstream production growth through 2030, while disciplined investment could strengthen returns as oil prices remain elevated. Can ExxonMobil Strengthen Its Long-Term Upstream Production Capacity?
• Neutral Sentiment: Momentum is attracting investor attention. Analysts describe XOM as a strong momentum stock and note that it has outperformed BP, although BP’s lower valuation may appeal to value-focused investors. XOM vs. BP: Which Integrated Energy Giant Has the Edge?
• Negative Sentiment: Illinois refinery disruption is a near-term concern. The outage has contributed to a surge in Midwest gasoline prices and could pressure ExxonMobil’s refining volumes or raise repair costs, despite potentially supporting regional fuel margins. Midwest Pump Prices Surge After Disruption at Exxon’s Illinois Refinery

ExxonMobil Price Performance

Shares of XOM opened at $177.94 on Friday. The stock has a 50 day simple moving average of $165.33 and a 200 day simple moving average of $154.89. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $180.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a market capitalization of $737.56 billion, a PE ratio of 22.90, a P/E/G ratio of 0.89 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the business posted $1.64 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. ExxonMobil's dividend payout ratio is currently 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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