Generali Investments Management Co LLC Purchases New Position in ExxonMobil Corporation $XOM

Key Points

• Generali Investments Management purchased 33,884 ExxonMobil shares worth approximately $5.5 million, making XOM 1.1% of its portfolio. Institutional investors collectively own 61.8% of the company.
• ExxonMobil’s refining business is expected to significantly boost third-quarter results, potentially adding $4.5 billion to Energy Products earnings, although weaker upstream conditions could reduce earnings by about $1.3 billion. The company is scheduled to report results on October 30.
• XOM pays a quarterly dividend of $1.03 per share, equivalent to a 2.3% yield, but analysts maintain a consensus “Hold” rating with an average price target of $165.13 versus the stock’s $179.03 opening price.

Generali Investments Management Co LLC purchased a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,884 shares of the oil and gas company's stock, valued at approximately $5,515,000. ExxonMobil accounts for 1.1% of Generali Investments Management Co LLC's portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. GQG Partners LLC boosted its holdings in shares of ExxonMobil by 153.3% in 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 purchased a new position in shares of ExxonMobil during the 1st quarter worth $965,932,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of ExxonMobil during the 1st quarter worth $766,345,000. Diamant Asset Management Inc. grew its position in shares of ExxonMobil by 17,312.4% during the 1st 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 acquiring an additional 2,171,322 shares during the period. Finally, Employees Provident Fund Board bought a new stake in ExxonMobil during the fourth quarter valued at about $238,970,000. Institutional investors own 61.80% of the company's stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Refining margins are providing a major earnings boost. ExxonMobil expects higher refining margins to increase third-quarter Energy Products earnings by approximately $4.5 billion compared with the second quarter. Strong refining performance more than offset weakness in other segments, highlighting the benefit of ExxonMobil’s integrated operations. ExxonMobil’s Refining Profits Are Set to Jump $4.5 Billion
• Positive Sentiment: Growth projects continue to improve ExxonMobil’s long-term outlook. Production milestones in Guyana and the Permian Basin are moving key projects toward free-cash-flow generation. Guyana’s expanding production and additional offshore capacity could support future earnings and capital recovery. Production Milestones Could Be a Key Catalyst
• Positive Sentiment: Financial flexibility supports investor confidence. ExxonMobil’s low debt load and strong balance sheet provide protection against oil-price volatility and support capital investment, acquisitions and shareholder returns. Morgan Stanley also raised its price target from $177 to $185 and maintained an “overweight” rating. ExxonMobil’s Strong Balance Sheet Offers Cushion
• Neutral Sentiment: Investors are awaiting confirmed quarterly results. ExxonMobil will release its third-quarter 2026 results on October 30. Management’s report will clarify how much of the preliminary refining gain flowed through to total earnings and cash flow. ExxonMobil to Release Third Quarter 2026 Financial Results
• Negative Sentiment: Upstream conditions remain a headwind. Changes in oil prices are expected to reduce upstream earnings, with reports indicating a potential roughly $1.3 billion impact. Consequently, the overall third-quarter result may be lower even with the refining improvement. ExxonMobil Signals Lower Third-Quarter Earnings

ExxonMobil Trading Up 0.0%

XOM opened at $179.03 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average is $163.85 and its two-hundred day moving average is $154.47. The company has a market capitalization of $742.05 billion, a P/E ratio of 23.04, a PEG ratio of 1.04 and a beta of 0.21. ExxonMobil Corporation has a 52 week low of $111.18 and a 52 week high of $179.16.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the previous year, the company earned $1.64 EPS. Analysts forecast that ExxonMobil Corporation will post 12.52 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently announced 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%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XOM shares. DZ Bank downgraded ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of ExxonMobil to a "hold" rating in a research note on Saturday, September 5th. Weiss Ratings raised ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. Mizuho lowered their target price on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. Finally, HSBC restated a "hold" rating and issued a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. Eleven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $165.13.

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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