Ascent Wealth Partners LLC Purchases 9,309 Shares of ExxonMobil Corporation $XOM

Key Points

• Ascent Wealth Partners increased its ExxonMobil position by 490.2% in the third quarter, acquiring 9,309 additional shares and bringing its holdings to 11,208 shares valued at approximately $1.824 million.
• Institutional investors and hedge funds own 61.8% of ExxonMobil, with several major holders—including GQG Partners, Dimensional Fund Advisors and Amundi—also expanding their positions.
• ExxonMobil traded near its 52-week high at $183.23, pays a quarterly dividend of $1.03 per share, and has a “Moderate Buy” consensus rating with an average analyst price target of $167.70.

Ascent Wealth Partners LLC grew its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 490.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,208 shares of the oil and gas company's stock after acquiring an additional 9,309 shares during the quarter. Ascent Wealth Partners LLC's holdings in ExxonMobil were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 1,540,902 shares during the period. Amundi increased its stake in ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC raised its holdings 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 raised its holdings 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 lifted its position in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock worth $1,321,265,000 after buying an additional 166,268 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Price Performance

NYSE XOM opened at $183.23 on Monday. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $183.75. 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 market cap of $759.46 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a 50-day moving average price of $165.80 and a two-hundred day moving average price of $155.03.

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 during the quarter, compared to analyst estimates 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 previous year, the business posted $1.64 EPS. Analysts forecast that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Dividend Announcement

The firm 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 was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.2%. ExxonMobil's payout ratio is currently 53.02%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on ExxonMobil from $184.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Weiss Ratings upgraded ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 29th. DZ Bank cut ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. Zacks Research raised ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Finally, BNP Paribas Exane cut their price target on ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.70.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

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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