Drum Hill Capital LLC Makes New Investment in ExxonMobil Corporation $XOM

Key Points

• Drum Hill Capital initiated a position in ExxonMobil during the third quarter, purchasing 17,847 shares valued at approximately $2.9 million. ExxonMobil now represents about 1.9% of the fund’s portfolio.
• Other institutional investors also increased or initiated holdings, with hedge funds and institutions owning approximately 61.8% of ExxonMobil’s shares.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $167.30, while stronger refining margins and operational improvements offer upside potential despite pressure from declining crude prices.

Drum Hill Capital LLC bought a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,847 shares of the oil and gas company's stock, valued at approximately $2,905,000. ExxonMobil makes up approximately 1.9% of Drum Hill Capital LLC's portfolio, making the stock its 15th biggest holding.

A number of other institutional investors have also recently modified their holdings of XOM. CFS Investment Advisory Services LLC increased its holdings in shares of ExxonMobil by 3.9% during the third quarter. CFS Investment Advisory Services LLC now owns 43,880 shares of the oil and gas company's stock valued at $7,217,000 after acquiring an additional 1,656 shares in the last quarter. Investment Research Partners LLC purchased a new position in shares of ExxonMobil in the 3rd quarter worth about $504,000. Smithbridge Asset Management Inc. DE purchased a new position in shares of ExxonMobil in the 3rd quarter worth about $1,017,000. Retirement Planning Group LLC boosted its stake in ExxonMobil by 27.7% in the 3rd quarter. Retirement Planning Group LLC now owns 49,967 shares of the oil and gas company's stock worth $8,132,000 after purchasing an additional 10,827 shares in the last quarter. Finally, Secure Asset Management LLC boosted its stake in ExxonMobil by 5.7% in the 3rd quarter. Secure Asset Management LLC now owns 24,469 shares of the oil and gas company's stock worth $3,982,000 after purchasing an additional 1,314 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ExxonMobil

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

Analyst Upgrades and Downgrades

Several analysts recently commented on XOM shares. DZ Bank downgraded shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective on the stock. in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Wells Fargo & Company reiterated an "equal weight" rating and set a $182.00 price target on shares of ExxonMobil in a report on Thursday, October 1st. Royal Bank Of Canada reissued a "sector perform" rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. Finally, Weiss Ratings upgraded shares of ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. Eleven research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil currently has a consensus rating of "Hold" and an average price target of $167.30.

ExxonMobil Trading Down 0.3%

Shares of NYSE:XOM opened at $178.36 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 1 year low of $111.98 and a 1 year high of $179.30. The company has a market cap of $739.30 billion, a P/E ratio of 22.96, a PEG ratio of 1.04 and a beta of 0.21. The stock's fifty day moving average price is $164.22 and its 200-day moving average price is $154.53.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. Sell-side analysts expect that ExxonMobil Corporation will post 12.52 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

About ExxonMobil

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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