ExxonMobil Corporation $XOM Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its ExxonMobil stake by 1.2% in the third quarter, adding 7,758 shares to hold 669,750 shares valued at approximately $109 million.
• Institutional investors own 61.8% of ExxonMobil, while analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $167.30.
• ExxonMobil shares were trading near their 1-year high at $178.36, supported by analyst price-target increases and potential refining gains, though lower oil prices and limited dividend yield remain risks.

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 669,750 shares of the oil and gas company's stock after purchasing an additional 7,758 shares during the period. ExxonMobil comprises about 0.7% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 29th biggest holding. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in ExxonMobil were worth $109,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the second quarter valued at $27,000. Portus Wealth Advisors LLC acquired a new stake in shares of ExxonMobil in the first quarter worth $36,000. Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after buying an additional 202 shares during the period. Financial Connections Group Inc. purchased a new position in shares of ExxonMobil during the first quarter valued at $53,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of ExxonMobil by 53.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company's stock valued at $55,000 after buying an additional 113 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target from $177 to $200 and maintained an “overweight” rating, implying continued confidence in ExxonMobil’s earnings and cash-generation potential.
• Positive Sentiment: ExxonMobil’s shares reached a new 1-year high following the analyst upgrade, reflecting strong recent momentum and investor optimism. ExxonMobil Reaches New 1-Year High Following Analyst Upgrade
• Positive Sentiment: The company flagged a potential $4.5 billion refining tailwind for third-quarter results. Higher refining margins could materially support earnings and offset some pressure from commodity-price volatility. ExxonMobil flags a $4.5 billion refining tailwind for Q3 earnings
• Positive Sentiment: Analysts continue to highlight ExxonMobil’s Permian production growth, drilling efficiencies and diversified operations. Forecasts for substantially higher crude prices also support the company’s upstream earnings outlook. Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices
• Positive Sentiment: Proponent became an authorized distributor of ExxonMobil aviation lubricants in the Americas, expanding the company’s aftermarket distribution reach, although the financial impact is likely modest initially. Proponent Becomes an Authorized ExxonMobil Aviation Lubricants Distributor
• Neutral Sentiment: ExxonMobil’s integrated model and substantial cash resources support its dividend, but the stock’s relatively shallow yield may make it less attractive to income-focused investors. ExxonMobil’s Dividend Has Deep Pockets, but a Shallow Yield
• Negative Sentiment: Crude prices retreated after the United States eased Russia-related sanctions and tariffs, weighing on energy-sector sentiment and reducing near-term support for ExxonMobil’s upstream business. What’s Going On With Exxon Stock on Monday?
• Negative Sentiment: With XOM near its high and trading at an elevated valuation, some fair-value estimates remain below the market price, limiting perceived upside and increasing sensitivity to weaker oil or refining conditions.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Piper Sandler increased their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. DZ Bank lowered ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research report on Tuesday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Finally, HSBC reaffirmed a "hold" rating and set a $90.00 target price on shares of ExxonMobil in a research note on Friday, September 25th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $167.30.

ExxonMobil Price Performance

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

ExxonMobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share 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 analyst estimates of $109.94 billion. During the same period in the previous year, the company earned $1.64 earnings per share. Analysts forecast that ExxonMobil Corporation will post 12.52 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 17th. ExxonMobil's payout ratio is currently 53.02%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.