Choreo LLC Buys New Shares in ExxonMobil Corporation $XOM

Key Points

• Choreo LLC acquired 187,461 ExxonMobil shares during the third quarter, valued at approximately $30.5 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil beat third-quarter earnings expectations, reporting $4.23 in adjusted EPS and $110.5 billion in revenue. Strong refining margins drove results, offsetting weaker upstream performance.
• Shareholder returns are increasing through a roughly 4% dividend hike and a planned $20 billion share-repurchase program for 2027, though the stock’s rally has reduced its dividend yield and leaves it exposed to weaker refining margins.

Choreo LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 187,461 shares of the oil and gas company's stock, valued at approximately $30,509,000.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in ExxonMobil by 5.7% during 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 acquiring an additional 1,540,902 shares during the last quarter. Amundi boosted its holdings in shares of 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 purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC grew its position in shares of ExxonMobil by 153.3% in the second 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 in the last quarter. Swiss National Bank increased its holdings 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 valued at $2,099,783,000 after purchasing an additional 693,800 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of 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. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q3 earnings exceeded expectations. ExxonMobil reported adjusted earnings of $4.23 per share, ahead of the roughly $4.08–$4.12 analyst consensus and well above $1.88 a year earlier. Net income reached approximately $15.4 billion, while revenue also surpassed estimates. ExxonMobil Announces Third-Quarter 2026 Results
• Positive Sentiment: Refining was the key profit driver. Record or unusually strong refining margins, particularly for diesel, more than offset weaker upstream results and lifted earnings, cash flow and shareholder returns. Exxon’s refining operations earned more than its oil-production business for the first time in six years. Exxon, Chevron earnings propelled by war-driven refining surge
• Positive Sentiment: Shareholder distributions are expanding. ExxonMobil raised its dividend by approximately 3.9%–4% and plans $20 billion in share repurchases during 2027. The company also highlighted production gains from Guyana, Kearl and PNG LNG, supporting its long-term growth profile. ExxonMobil Raises Dividend by 3.9%, Sets $20 Billion 2027 Buyback Plan
• Positive Sentiment: Higher oil prices provided a favorable backdrop. Brent crude approached $120 per barrel as Middle East tensions and other geopolitical disruptions tightened energy markets. Investors also showed bullish positioning through unusually heavy call-option activity.
• Neutral Sentiment: ExxonMobil CEO Darren Woods said global refining disruptions may not have a quick fix. While this could sustain margins, it also underscores continuing geopolitical and operational uncertainty. The company and Chevron additionally canceled executive travel to a Gulf energy conference because of security concerns. ExxonMobil CEO Sees No Quick Fix for Global Refining Disruptions
• Negative Sentiment: After a powerful rally, XOM offers new investors a substantially lower dividend yield than it did at the start of the year. Its valuation and dependence on elevated, potentially temporary refining margins may limit further upside if oil prices or fuel spreads retreat.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $187.03 on Friday. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $188.50. The business's fifty day simple moving average is $167.76 and its 200-day simple moving average is $154.35. The firm has a market cap of $775.23 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period in the previous year, the firm earned $1.88 EPS. Equities analysts forecast that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XOM shares. Weiss Ratings upgraded ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. The Goldman Sachs Group reiterated a "neutral" rating and set a $178.00 price target on shares of ExxonMobil in a report on Tuesday, October 20th. UBS Group reissued a "buy" rating and set a $199.00 price target on shares of ExxonMobil in a research report on Monday, October 19th. Barclays upped their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, October 19th. Finally, William Blair assumed coverage on shares of ExxonMobil in a research note on Wednesday. They set a "market perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.70.

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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