ExxonMobil Corporation $XOM Holdings Boosted by Victory Financial Group LLC

Key Points

• Victory Financial Group increased its ExxonMobil stake by 135.8% in the third quarter, reaching 24,828 shares valued at approximately $4.04 million. Institutional investors collectively own 61.8% of XOM.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $167.70, despite several firms retaining neutral ratings.
• ExxonMobil shares opened at $183.15, near their 52-week high of $184.88. Expectations for stronger earnings and a potential dividend increase are being supported by higher crude prices and refining margins.

Victory Financial Group LLC boosted its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 135.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,828 shares of the oil and gas company's stock after purchasing an additional 14,297 shares during the quarter. Victory Financial Group LLC's holdings in ExxonMobil were worth $4,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GQG Partners LLC raised its holdings in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock worth $2,307,497,000 after buying an additional 10,214,420 shares during the last quarter. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil during the first quarter valued at about $965,932,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ExxonMobil during the first quarter valued at about $766,345,000. Diamant Asset Management Inc. grew its holdings in shares of ExxonMobil by 17,312.4% during the first quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company's stock valued at $370,514,000 after buying an additional 2,171,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on XOM shares. Weiss Ratings upgraded shares of ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. BMO Capital Markets raised their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a "market perform" rating in a research report on Wednesday, August 12th. Piper Sandler lifted their price target on ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Citigroup reissued a "neutral" rating and set a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.70.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $183.15 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The stock's fifty day simple moving average is $167.35 and its two-hundred day simple moving average is $154.04. ExxonMobil Corporation has a 1-year low of $112.51 and a 1-year high of $184.88. The stock has a market cap of $759.15 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last posted 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm 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 company earned $1.64 EPS. As a group, analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current fiscal year.

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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