Columbia Asset Management Makes New $3.61 Million Investment in ExxonMobil Corporation $XOM

Key Points

• Columbia Asset Management purchased 22,183 ExxonMobil shares worth approximately $3.61 million in the third quarter, while institutional investors collectively own 61.8% of the stock.
• ExxonMobil reported quarterly revenue of $114.53 billion, exceeding expectations, but its $3.52 EPS fell slightly short of the $3.56 consensus estimate. The company also maintains a quarterly dividend of $1.03, representing a 2.3% annualized yield.
• Analyst sentiment is mixed: Barclays upgraded ExxonMobil to “overweight” with a $200 price target, while the broader consensus remains “Hold” with a $167.30 target. Lower crude prices remain a key risk, despite potentially stronger refining margins.

Columbia Asset Management bought a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 22,183 shares of the oil and gas company's stock, valued at approximately $3,610,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assetmark Inc. grew its position in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock worth $83,525,000 after buying an additional 37,666 shares during the last quarter. Charles Schwab Trust Co increased its stake in shares of ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock valued at $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC raised its holdings in shares of ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock valued at $1,584,000 after acquiring an additional 6,478 shares in the last quarter. Midwest Trust Co raised its holdings in shares of ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock valued at $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of ExxonMobil by 13.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company's stock valued at $34,648,000 after acquiring an additional 30,423 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Down 0.3%

ExxonMobil stock opened at $178.36 on Tuesday. ExxonMobil Corporation has a one year low of $111.98 and a one year high of $179.30. The stock has a market cap of $739.30 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a fifty day moving average of $164.22 and a 200 day moving average of $154.53.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (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 analysts' expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period in the prior year, the company posted $1.64 earnings per share. As a group, sell-side analysts predict that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. ExxonMobil's payout ratio is presently 53.02%.

ExxonMobil News Roundup

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on XOM shares. Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. UBS Group reaffirmed a "buy" rating and issued a $199.00 target price on shares of ExxonMobil in a research report on Monday. DZ Bank cut shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price for the company. in a research report on Tuesday, August 4th. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of ExxonMobil to a "hold" rating in a research note on Saturday, September 5th. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $167.30.

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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