Bfsg LLC Makes New $9.81 Million Investment in ExxonMobil Corporation $XOM

Key Points

• Bfsg LLC opened a new ExxonMobil position, buying 60,280 shares valued at approximately $9.81 million; XOM represents 0.9% of its portfolio.
• ExxonMobil beat quarterly estimates, reporting EPS of $4.23 versus $4.12 expected and revenue of $110.5 billion versus $104.89 billion expected. It also raised its quarterly dividend from $1.03 to $1.07 per share.
• Analyst opinions are mixed: the consensus rating is Hold, with a $170.74 average price target, despite some firms maintaining or issuing Buy ratings.

Bfsg LLC purchased a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 60,280 shares of the oil and gas company's stock, valued at approximately $9,811,000. ExxonMobil comprises 0.9% of Bfsg LLC's portfolio, making the stock its 28th biggest holding.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in 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 worth $4,812,790,000 after purchasing an additional 1,540,902 shares during the last quarter. Amundi lifted its position in ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock worth $4,158,563,000 after acquiring an additional 1,192,386 shares during the last quarter. GQG Partners LLC boosted its stake in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $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% in 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 acquiring an additional 693,800 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of ExxonMobil by 1.8% during 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 purchasing an additional 166,268 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America lowered ExxonMobil from a "buy" rating to a "neutral" rating and upped their target price for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. TD Cowen upped their price target on ExxonMobil from $180.00 to $193.00 and gave the company a "buy" rating in a research report on Wednesday. The Goldman Sachs Group reiterated a "neutral" rating and set a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. Mizuho cut their price objective on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 9th. Finally, Argus boosted their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $170.74.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts raised price targets: TD Cowen lifted its target to $193 and maintained a buy rating; Citigroup raised its target to $175 but kept a neutral rating. TD Cowen price target article
• Positive Sentiment: Refining investment could support future cash flow: Exxon plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output and improved efficiency. Diesel expansion article
• Positive Sentiment: Recent operating performance has been strong: Reports highlighted refining strength, cost discipline, a higher dividend and substantial buybacks, which may help support shareholder returns. ExxonMobil and Chevron results article
• Neutral Sentiment: Analyst views remain mixed: While some firms raised targets, DZ Bank downgraded Exxon to sell with a $170 target, reflecting limited perceived upside at the cited share price. DZ Bank rating information
• Negative Sentiment: Oil-price concerns are a key headwind: A CNBC trader argued that inflation pressures have eased and oil may not return to $100; reports of unsold crude cargoes also suggest physical-market demand is softening. Lower oil prices can reduce Exxon’s upstream earnings. Oil-price outlook article Physical oil market article
• Negative Sentiment: Cash-flow coverage may be a concern: One report said cash generation exceeded shareholder payments, leaving scope for balance-sheet repair and highlighting Exxon’s exposure to commodity swings. Cash generation and shareholder payments article

ExxonMobil Stock Performance

NYSE:XOM opened at $169.52 on Thursday. The stock has a market capitalization of $702.64 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 0.87 and a beta of 0.16. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a 1 year low of $113.64 and a 1 year high of $188.50. The firm has a 50 day moving average of $168.50 and a 200-day moving average of $155.06.

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

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders 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 dividend yield of 2.5%. ExxonMobil's dividend payout ratio (DPR) is currently 43.99%.

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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