Altium Investment Strategies LLC Purchases New Stake in ExxonMobil Corporation $XOM

Key Points

• Altium Investment Strategies LLC purchased 63,000 ExxonMobil shares worth approximately $11.0 million, making XOM its fourth-largest holding and about 12.5% of its portfolio. Institutional investors collectively own 61.8% of the stock.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $167.30 price target, although Barclays upgraded ExxonMobil to “overweight” with a $200 target.
• ExxonMobil shares opened at $178.36, near their 52-week high, while stronger refining margins and production gains support results; declining crude prices remain a key risk. The company pays a quarterly dividend of $1.03, yielding approximately 2.3% annually.

Altium Investment Strategies LLC purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 63,000 shares of the oil and gas company's stock, valued at approximately $10,967,000. ExxonMobil makes up approximately 12.5% of Altium Investment Strategies LLC's holdings, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Avant Capital LLC lifted its stake in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock worth $1,529,000 after purchasing an additional 65 shares during the last quarter. Impact Partnership Wealth LLC grew its position in ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock valued at $2,039,000 after acquiring an additional 67 shares during the last quarter. Cardinal Strategic Wealth Guidance grew its position in ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company's stock valued at $631,000 after acquiring an additional 68 shares during the last quarter. Core Wealth Advisors Inc. raised its stake in shares of ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after acquiring an additional 68 shares in the last quarter. Finally, Swisher Financial Concepts Inc. raised its stake in shares of ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company's stock worth $4,649,000 after acquiring an additional 69 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of ExxonMobil to a "hold" rating in a report on Saturday, September 5th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $182.00 target price on shares of ExxonMobil in a report on Thursday, October 1st. Citigroup reiterated a "neutral" rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a research report on Wednesday, July 8th. Piper Sandler boosted their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. Finally, Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $167.30.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target on ExxonMobil from $177 to $200 and upgraded the stock to “overweight,” implying approximately 12% upside from the referenced price. The move reflects stronger analyst confidence in ExxonMobil’s earnings outlook. Barclays ExxonMobil price target update
• Positive Sentiment: ExxonMobil has indicated that stronger refining margins could provide a significant boost to third-quarter results, with estimates pointing to a potential $4.5 billion refining tailwind. Improving Permian production, drilling efficiency and cost discipline also support the company’s upstream outlook. ExxonMobil refining tailwind
• Positive Sentiment: Proponent became an authorized distributor of ExxonMobil Aviation lubricants in the Americas, expanding ExxonMobil’s aftermarket distribution reach. The announcement is strategically positive but likely has limited near-term earnings impact. ExxonMobil aviation lubricants distribution agreement
• Neutral Sentiment: Analyst commentary continues to highlight ExxonMobil’s diversified business across exploration, refining, chemicals and specialty products. That diversification supports cash generation and dividend security, although the stock’s yield is viewed as relatively modest. ExxonMobil dividend analysis
• Negative Sentiment: The main pressure on XOM is the decline in crude prices from recent highs. Lower oil prices can reduce upstream revenue and profit expectations, even as refining margins remain favorable. ExxonMobil shares and crude oil prices

ExxonMobil Stock Down 0.3%

Shares of ExxonMobil stock opened at $178.36 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a 52-week low of $111.98 and a 52-week high of $179.30. The company's 50 day moving average price is $164.22 and its 200-day moving average price is $154.53. The stock has a market capitalization of $739.30 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.04 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate 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 company earned $1.64 earnings per share. Equities research analysts forecast 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. Investors of record on Monday, August 17th were paid a $1.03 dividend. 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 (DPR) is presently 53.02%.

ExxonMobil Company 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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