Greg Jennings LLC Makes New $1.02 Million Investment in ExxonMobil Corporation $XOM

Key Points

• Greg Jennings LLC purchased 6,278 ExxonMobil shares worth approximately $1.02 million in the third quarter, while institutional investors collectively own 61.8% of XOM.
• ExxonMobil faces mixed market signals: refining margins could provide a significant earnings boost, but retreating crude prices may pressure upstream results. Barclays raised its target to $200 and rated the stock “overweight,” though the broader analyst consensus remains “Hold.”
• XOM shares slipped 0.3% to $178.36, near their 12-month high, while the company maintained its quarterly dividend at $1.03 per share, equivalent to a 2.3% annualized yield.

Greg Jennings LLC purchased a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,278 shares of the oil and gas company's stock, valued at approximately $1,022,000. ExxonMobil comprises approximately 0.7% of Greg Jennings LLC's holdings, making the stock its 28th biggest position.

Several other hedge funds also recently bought and sold shares of the business. Assetmark Inc. raised its stake in shares of ExxonMobil by 8.3% in the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock worth $83,525,000 after purchasing an additional 37,666 shares during the last quarter. Charles Schwab Trust Co grew its stake in shares of ExxonMobil by 392.9% in 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 buying an additional 97,424 shares during the period. CV Advisors LLC increased its position in shares of ExxonMobil by 126.7% during the second 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 last quarter. Midwest Trust Co boosted its holdings in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock valued at $120,623,000 after acquiring an additional 26,411 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of ExxonMobil by 13.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company's stock valued at $34,648,000 after buying an additional 30,423 shares during the period. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target to $200 and assigned an “overweight” rating, implying roughly 12% upside from the referenced $178.36 price. The upgrade provides a significant bullish signal for XOM, particularly as the stock trades close to its yearly high.
• Positive Sentiment: Refining margins are expected to provide a substantial third-quarter earnings boost. Reports point to a potential $4.5 billion refining tailwind, which could help ExxonMobil offset volatility in upstream oil and gas results. ExxonMobil flags a $4.5 billion refining tailwind for Q3 earnings
• Positive Sentiment: ExxonMobil remains positioned to benefit from higher crude prices and Permian production gains. Analysts cite drilling efficiencies, lower development costs and disciplined spending as supports for the company’s oil production outlook. Buy 5 Giant Oil Explorers to Tap the Northward Journey of Crude Prices
• Neutral Sentiment: A new authorized aviation-lubricants distributor in the Americas expands ExxonMobil’s aftermarket reach, although the financial impact is likely modest relative to its overall operations. Proponent becomes an authorized ExxonMobil aviation lubricants distributor
• Neutral Sentiment: ExxonMobil’s integrated business and strong cash generation support its dividend, but its yield is relatively low. This makes XOM more attractive for financial durability and diversification than for income yield alone.
• Negative Sentiment: Crude prices retreated after reaching five-month highs following a U.S. waiver of Russia-related sanctions and tariffs. Lower oil prices can pressure ExxonMobil’s upstream revenue and explain the stock’s recent weakness despite favorable refining expectations. What’s Going On With Exxon Stock On Monday?

ExxonMobil Trading Down 0.3%

Shares of NYSE:XOM traded down $0.62 during midday trading on Monday, hitting $178.36. The company had a trading volume of 11,124,509 shares, compared to its average volume of 17,926,811. 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. The firm has a fifty day simple moving average of $163.85 and a 200 day simple moving average of $154.47. 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 12 month low of $111.98 and a 12 month high of $179.30.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $1.64 EPS. On average, analysts predict that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

Analyst Ratings Changes

A number of research firms have recently weighed in on XOM. HSBC reaffirmed a "hold" rating and set a $90.00 price target on shares of ExxonMobil in a research note on Friday, September 25th. Argus increased their target price on ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded ExxonMobil to a "hold" rating in a research report on Saturday, September 5th. Jefferies Financial Group raised their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, August 17th. Finally, Barclays upped their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday. 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.com, ExxonMobil currently has a consensus rating of "Hold" and a consensus target price of $167.30.

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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