ExxonMobil Corporation $XOM Stock Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC raised its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 87.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,087 shares of the oil and gas company's stock after acquiring an additional 7,516 shares during the period. Kestra Investment Management LLC's holdings in ExxonMobil were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. NBT Bank N.A. purchased a new stake in shares of ExxonMobil in the 3rd quarter valued at about $26,000. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil during the 2nd quarter worth approximately $27,000. Atlantic Private Wealth LLC grew its stake in ExxonMobil by 776.9% during the 1st 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 last quarter. Pioneer Family Office LLC purchased a new position in ExxonMobil during the 3rd quarter worth approximately $42,000. Finally, Financial Connections Group Inc. acquired a new position in ExxonMobil during the first quarter worth approximately $53,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signed a preliminary agreement with Venezuela to evaluate oil opportunities, creating a possible avenue for future growth. The agreement is preliminary, so any commercial impact remains uncertain. Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities
• Positive Sentiment: An investor on CNBC’s “Final Trades” selected ExxonMobil, offering a modest positive endorsement, though such picks are not a major fundamental catalyst. CNBC Final Trades
• Neutral Sentiment: A bullish investment thesis argues Exxon is better positioned than the energy-sector ETF XLE after the U.S. election; the headline provides no specific new company catalyst. ExxonMobil Is Better Positioned Than XLE Post-Election
• Neutral Sentiment: Coverage says Exxon’s 2026 gains have been supported by oil above $100 and strong refining margins. Those conditions bolster results, but the stock’s substantial run-up may leave it sensitive to changes in commodity prices. ExxonMobil Is Up 38% in 2026 and Chevron Is Up 39%
• Neutral Sentiment: An analyst raised Exxon’s price target to $162. The change is a positive revision, but the target offers limited upside relative to the $164.81 price in the supplied market data. ExxonMobil Price Target Raised to $162.00
• Negative Sentiment: Exxon paused work on its planned Texas hydrogen facility amid slow progress on hydrogen hubs, uncertain federal funding, and weak customer demand. The delay raises questions about the pace of its lower-carbon business plans. ExxonMobil Pauses Work On Its Texas Hydrogen Facility
• Negative Sentiment: Commentary cautions that oil prices are volatile and could fall, putting pressure on energy stocks trading near record highs. A pullback could weaken the commodity-driven support for Exxon’s shares. Exxon and Chevron Are Near Record Highs

ExxonMobil Stock Performance

Shares of XOM stock opened at $164.81 on Tuesday. The stock has a market capitalization of $672.29 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50. The stock's 50-day moving average price is $168.99 and its 200 day moving average price is $155.57. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The company had revenue of $110.50 billion during the quarter, compared to analysts' expectations of $104.89 billion. During the same period last year, the firm earned $1.88 EPS. As a group, equities research analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XOM shares. Argus boosted 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Citigroup raised their target price on shares of ExxonMobil from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 4th. DZ Bank cut shares of ExxonMobil from a "hold" rating to a "sell" rating and set a $170.00 target price on the stock. in a report on Wednesday, November 4th. Finally, HSBC reiterated a "hold" rating and issued a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $170.38.

ExxonMobil Company Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company's products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM - Free Report).

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.