Alta Advisers Ltd Buys New Holdings in ExxonMobil Corporation $XOM

Key Points

• Alta Advisers acquired 29,148 ExxonMobil shares in the third quarter, worth approximately $4.74 million. The position represents 0.7% of its portfolio and is its 21st-largest holding.
• ExxonMobil reported quarterly earnings of $4.23 per share, beating the $4.12 consensus, and revenue of $110.5 billion, above expectations. It also raised its quarterly dividend from $1.03 to $1.07 per share.
• Analyst views are mixed: MarketBeat reports a consensus “Hold” rating and a $170.74 average price target, with 11 Buy, 13 Hold, one Strong Buy, and one Sell rating.

Alta Advisers Ltd acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 29,148 shares of the oil and gas company's stock, valued at approximately $4,744,000. ExxonMobil makes up 0.7% of Alta Advisers Ltd's investment portfolio, making the stock its 21st biggest position.

Several other institutional investors have also modified their holdings of XOM. NBT Bank N.A. acquired a new position in ExxonMobil in the third quarter valued at $26,000. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the 2nd quarter valued at about $27,000. Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 202 shares during the period. Pioneer Family Office LLC acquired a new stake in shares of ExxonMobil in the 3rd quarter valued at about $42,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil in the 1st quarter valued at about $53,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. Jefferies Financial Group lifted their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the company a "buy" rating in a report on Monday, August 17th. TD Cowen increased their price target on shares of ExxonMobil from $180.00 to $193.00 and gave the stock a "buy" rating in a research note on Wednesday. Zacks Research raised shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. The Goldman Sachs Group restated a "neutral" rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $170.74.

ExxonMobil Trading Down 2.2%

NYSE:XOM opened at $165.49 on Friday. The stock has a fifty day moving average price of $168.65 and a two-hundred day moving average price of $155.24. The stock has a market capitalization of $675.06 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.83 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. ExxonMobil Corporation has a 1 year low of $113.64 and a 1 year high of $188.50.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to analysts' expectations of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the prior year, the company posted $1.88 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 13.54 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. ExxonMobil's dividend payout ratio (DPR) is presently 42.34%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and Chevron reported strong third-quarter results, helped by refining performance and cost discipline. Exxon also raised its dividend for the 44th consecutive year, while debt reduction and buybacks support shareholder returns. Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
• Positive Sentiment: A proposed sale of Infineum, ExxonMobil’s joint venture with Shell, could bring in a multibillion-dollar sum and streamline the portfolio, though no transaction has been announced. Is ExxonMobil Holdings Rethinking Its Portfolio With an Infineum Exit?
• Positive Sentiment: The company plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output. The investment may improve efficiency and cash flow, although returns depend on market conditions. Will ExxonMobil's Diesel Expansion Boost Refining Profit?
• Neutral Sentiment: Analyst opinion is divided after results: TD Cowen raised its target and kept a Buy rating, while Citi raised its target but maintained Neutral. ExxonMobil’s stock is up more than 43% in 2026, which may also temper expectations. Wall Street Is Split on ExxonMobil Following Q3 Results
• Negative Sentiment: Some commentary points to easing physical oil demand and argues oil may not return to $100, a potential headwind for earnings given ExxonMobil’s commodity-price sensitivity. DZ Bank also downgraded the shares to Sell. What Lower Inflation and Oil Prices Could Mean for Energy Stocks

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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