ExxonMobil Corporation $XOM Stock: Kestra Advisory Services LLC Raises Stake

Key Points

• Kestra Advisory Services increased its ExxonMobil stake by 15.8% in the third quarter, adding 129,970 shares to reach 953,987 shares valued at about $155.3 million. Institutional investors own 61.8% of the company.
• Analyst views are mixed: MarketBeat’s consensus rating is Hold, with an average price target of $170.74; TD Cowen and Argus rate the stock Buy, while several analysts remain neutral.
• ExxonMobil beat quarterly estimates, reporting EPS of $4.23 versus a $4.12 consensus and revenue of $110.5 billion versus $104.89 billion expected. It also raised its quarterly dividend from $1.03 to $1.07 per share.

Kestra Advisory Services LLC lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 953,987 shares of the oil and gas company's stock after purchasing an additional 129,970 shares during the quarter. Kestra Advisory Services LLC's holdings in ExxonMobil were worth $155,261,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XOM. Boston Trust Walden Corp purchased a new position in shares of ExxonMobil in the third quarter worth about $76,285,000. Assetmark Inc. boosted its holdings in ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after acquiring an additional 37,666 shares during the period. Charles Schwab Trust Co boosted its holdings in ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock valued at $16,710,000 after acquiring an additional 97,424 shares during the period. CV Advisors LLC boosted its holdings in ExxonMobil by 126.7% during the 2nd 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 during the period. Finally, Partners Wealth Management LLC bought a new position in ExxonMobil during the 3rd quarter worth approximately $3,317,000. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XOM shares. Mizuho decreased their price target on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research note on Thursday, July 9th. Argus increased their price objective on ExxonMobil from $169.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Piper Sandler raised their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. TD Cowen raised their target price on shares of ExxonMobil from $180.00 to $193.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $170.74.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and Chevron reported strong third-quarter results, helped by refining performance and cost discipline. Exxon also raised its dividend for the 44th consecutive year, while debt reduction and buybacks support shareholder returns. Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
• Positive Sentiment: A proposed sale of Infineum, ExxonMobil’s joint venture with Shell, could bring in a multibillion-dollar sum and streamline the portfolio, though no transaction has been announced. Is ExxonMobil Holdings Rethinking Its Portfolio With an Infineum Exit?
• Positive Sentiment: The company plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output. The investment may improve efficiency and cash flow, although returns depend on market conditions. Will ExxonMobil's Diesel Expansion Boost Refining Profit?
• Neutral Sentiment: Analyst opinion is divided after results: TD Cowen raised its target and kept a Buy rating, while Citi raised its target but maintained Neutral. ExxonMobil’s stock is up more than 43% in 2026, which may also temper expectations. Wall Street Is Split on ExxonMobil Following Q3 Results
• Negative Sentiment: Some commentary points to easing physical oil demand and argues oil may not return to $100, a potential headwind for earnings given ExxonMobil’s commodity-price sensitivity. DZ Bank also downgraded the shares to Sell. What Lower Inflation and Oil Prices Could Mean for Energy Stocks

ExxonMobil Stock Performance

ExxonMobil stock opened at $165.49 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm has a market cap of $675.06 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.83 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $113.64 and a 1-year high of $188.50. The firm has a 50-day moving average of $168.65 and a 200-day moving average of $155.24.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter in the previous year, the business earned $1.88 EPS. Sell-side analysts expect that ExxonMobil Corporation will post 13.54 EPS for the current year.

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a dividend of $1.07 per share. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, November 16th. ExxonMobil's dividend payout ratio is currently 42.34%.

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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