Connor Clark & Lunn Investment Management Ltd. Acquires 239,731 Shares of Exxon Mobil Corporation $XOM

Key Points

• Connor Clark & Lunn Investment Management Ltd. raised its Exxon Mobil stake by 56.3%, buying an additional 239,731 shares to hold 665,710 shares worth about $75.06 million per its latest SEC filing.
• Several large institutions also moved into XOM — notably Norges Bank established a new ~<$6.16 billion> position and other managers materially increased holdings, leaving roughly 61.8% of the stock owned by hedge funds and institutional investors.
• Market momentum is favorable: Exxon shares are trading up amid geopolitical-driven oil rallies, the company beat quarterly EPS ($1.71 vs. $1.63 consensus), and it pays a quarterly dividend of $1.03 (annualized $4.12, ~2.7% yield).

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 56.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 665,710 shares of the oil and gas company's stock after purchasing an additional 239,731 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Exxon Mobil were worth $75,059,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Exxon Mobil during the second quarter worth about $6,163,719,000. First Trust Advisors LP boosted its stake in Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company's stock valued at $819,560,000 after acquiring an additional 4,563,707 shares during the last quarter. Cerity Partners LLC grew its position in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company's stock valued at $217,162,000 after acquiring an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company's stock valued at $333,652,000 after acquiring an additional 3,066,736 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Geopolitical risk has lifted energy names — traders are rotating into integrated majors like Exxon amid supply fears, supporting XOM’s rally. Top oil and energy stocks to watch as crude swings wildly amid Iran war
• Positive Sentiment: Oil prices jumped after the U.S. struck Iran-linked mine ships — higher crude boosts Exxon’s near-term revenue and cash flow outlook from low-cost assets. Oil Prices Jump After U.S. Hits Iran Mine Ships. Market Braces for Record Release of Reserves.
• Positive Sentiment: Strait of Hormuz disruptions and tanker avoidance have traders repricing supply risk, favoring integrated producers and refiners — a structural tailwind for Exxon’s refining and export opportunities. Best stocks to invest in as Hormuz crisis sends oil majors higher
• Positive Sentiment: Exxon is actively shifting supply routes (shipping gasoline to Australia) and eyeing opportunistic moves like a potential return to Venezuela — shows operational flexibility to capture higher margins amid disruption. Exxon Mobil Shifts Supply Routes As Investors Weigh Valuation And Growth
• Positive Sentiment: Short interest fell sharply in February (about an 18.8% drop), reducing a potential overhang and signaling fewer bearish bets against XOM shares. No link
• Neutral Sentiment: The Board unanimously recommends redomiciling Exxon from New Jersey to Texas — could strengthen corporate governance and anti-activist defenses, with mixed near-term valuation implications. ExxonMobil Board Unanimously Recommends Redomiciling the Company from New Jersey to Texas
• Neutral Sentiment: Options activity has surged — elevated derivatives flow increases short-term volatility and trader interest but is ambiguous for longer-term equity direction. Spotlight on Exxon Mobil: Analyzing the Surge in Options Activity
• Negative Sentiment: President Trump said he will tap the Strategic Petroleum Reserve to lower energy costs — a large SPR release would cap crude prices and could blunt Exxon’s near-term upside from the geopolitical rally. Iran war: Trump says he'll tap Strategic Petroleum Reserve to cut energy costs

Exxon Mobil Trading Up 2.3%

NYSE:XOM opened at $151.52 on Thursday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $159.60. The stock's fifty day moving average price is $140.65 and its two-hundred day moving average price is $124.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company has a market cap of $631.33 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.21 and a beta of 0.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion during the quarter, compared to analysts' expectations of $77.98 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil's payout ratio is presently 61.58%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Zacks Research raised Exxon Mobil from a "strong sell" rating to a "hold" rating in a research report on Friday, January 30th. Bank of America upped their price target on Exxon Mobil from $135.00 to $151.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. Morgan Stanley decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set an "overweight" rating for the company in a report on Friday, January 23rd. Sanford C. Bernstein lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an "outperform" rating on the stock in a research note on Monday, January 5th. Finally, BNP Paribas Exane downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $125.00 price objective on the stock. in a report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of "Hold" and an average target price of $143.41.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the sale, the vice president directly owned 18,204 shares of the company's stock, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 16,380 shares of company stock worth $2,227,734 in the last quarter. Corporate insiders own 0.03% of the company's stock.

About Exxon Mobil

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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