Fusion Capital LLC Makes New Investment in ExxonMobil Corporation $XOM

Key Points

• Fusion Capital LLC initiated a $12.7 million ExxonMobil position by purchasing 78,076 shares in the third quarter, making XOM its 14th-largest holding and representing 2.8% of its portfolio.
• Institutional ownership remains significant at 61.8%, with several other investors—including Greenup Street Wealth Management and the State of Wyoming—increasing their positions.
• ExxonMobil reported quarterly earnings of $4.23 per share, beating estimates, while shares opened at $187.03 near their 52-week high. Analysts maintain a “Moderate Buy” consensus, though some firms downgraded the stock or cited valuation and potentially temporary refining strength as risks.

Fusion Capital LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 78,076 shares of the oil and gas company's stock, valued at approximately $12,707,000. ExxonMobil makes up 2.8% of Fusion Capital LLC's investment portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenup Street Wealth Management LLC raised its position in shares of ExxonMobil by 216.6% in the third quarter. Greenup Street Wealth Management LLC now owns 39,537 shares of the oil and gas company's stock worth $6,435,000 after buying an additional 27,050 shares in the last quarter. State of Wyoming boosted its stake in ExxonMobil by 17.4% during the third quarter. State of Wyoming now owns 16,330 shares of the oil and gas company's stock valued at $2,658,000 after buying an additional 2,422 shares during the period. Petros Family Wealth LLC grew its position in ExxonMobil by 3.1% during the third quarter. Petros Family Wealth LLC now owns 2,349 shares of the oil and gas company's stock worth $382,000 after buying an additional 70 shares in the last quarter. Whelan Financial grew its position in ExxonMobil by 21.4% during the third quarter. Whelan Financial now owns 4,376 shares of the oil and gas company's stock worth $712,000 after buying an additional 771 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in ExxonMobil during the third quarter worth about $1,197,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Stock Performance

NYSE:XOM opened at $187.03 on Friday. The company has a market capitalization of $775.23 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.94 and a beta of 0.21. The business has a 50 day moving average of $167.76 and a 200 day moving average of $154.35. 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 $112.51 and a 1-year high of $188.50.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to analysts' expectations of $104.89 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the business earned $1.88 earnings per share. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.58 earnings per share for the current fiscal year.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q3 earnings exceeded expectations. ExxonMobil reported adjusted earnings of $4.23 per share, ahead of the roughly $4.08–$4.12 analyst consensus and well above $1.88 a year earlier. Net income reached approximately $15.4 billion, while revenue also surpassed estimates. ExxonMobil Announces Third-Quarter 2026 Results
• Positive Sentiment: Refining was the key profit driver. Record or unusually strong refining margins, particularly for diesel, more than offset weaker upstream results and lifted earnings, cash flow and shareholder returns. Exxon’s refining operations earned more than its oil-production business for the first time in six years. Exxon, Chevron earnings propelled by war-driven refining surge
• Positive Sentiment: Shareholder distributions are expanding. ExxonMobil raised its dividend by approximately 3.9%–4% and plans $20 billion in share repurchases during 2027. The company also highlighted production gains from Guyana, Kearl and PNG LNG, supporting its long-term growth profile. ExxonMobil Raises Dividend by 3.9%, Sets $20 Billion 2027 Buyback Plan
• Positive Sentiment: Higher oil prices provided a favorable backdrop. Brent crude approached $120 per barrel as Middle East tensions and other geopolitical disruptions tightened energy markets. Investors also showed bullish positioning through unusually heavy call-option activity.
• Neutral Sentiment: ExxonMobil CEO Darren Woods said global refining disruptions may not have a quick fix. While this could sustain margins, it also underscores continuing geopolitical and operational uncertainty. The company and Chevron additionally canceled executive travel to a Gulf energy conference because of security concerns. ExxonMobil CEO Sees No Quick Fix for Global Refining Disruptions
• Negative Sentiment: After a powerful rally, XOM offers new investors a substantially lower dividend yield than it did at the start of the year. Its valuation and dependence on elevated, potentially temporary refining margins may limit further upside if oil prices or fuel spreads retreat.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America cut ExxonMobil from a "buy" rating to a "neutral" rating and raised their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Zacks Research upgraded ExxonMobil from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. Morgan Stanley boosted their price objective on ExxonMobil from $177.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. Argus upped their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company downgraded shares of ExxonMobil from an "overweight" rating to an "equal weight" rating and set a $182.00 target price on the stock. in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $167.70.

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.

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