Signature Wealth Management Partners LLC Acquires New Shares in ExxonMobil Corporation $XOM

Key Points

• Signature Wealth Management Partners LLC acquired 10,927 ExxonMobil shares worth approximately $1.78 million in the third quarter, making XOM about 0.7% of its portfolio. Institutional investors collectively own 61.8% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $167.70, although several firms retain neutral or hold ratings.
• ExxonMobil reported quarterly EPS of $3.52, slightly below estimates, while revenue exceeded expectations. The company also declared a $1.03 quarterly dividend, equivalent to a 2.3% annualized yield.

Signature Wealth Management Partners LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,927 shares of the oil and gas company's stock, valued at approximately $1,778,000. ExxonMobil comprises about 0.7% of Signature Wealth Management Partners LLC's investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its position in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock worth $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co grew its stake in 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 acquiring an additional 97,424 shares during the last quarter. CV Advisors LLC increased 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 in the last quarter. Midwest Trust Co increased 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 in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in ExxonMobil by 13.6% during 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 acquiring an additional 30,423 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Piper Sandler lifted their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, September 3rd. Citigroup reiterated a "neutral" rating and issued a $175.00 price target (up from $150.00) on shares of ExxonMobil in a research report on Wednesday, July 8th. DZ Bank cut shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research note on Tuesday, August 4th. Jefferies Financial Group lifted their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $167.70.

ExxonMobil Stock Performance

Shares of XOM opened at $177.94 on Friday. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $180.31. The company's 50 day simple moving average is $165.33 and its 200 day simple moving average is $154.89. The company has a market capitalization of $737.56 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 0.89 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period in the previous year, the firm posted $1.64 earnings per share. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Dividend Announcement

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

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings. ExxonMobil shares have gained about 12% over the past month and 45% this year as Middle East attacks pushed Brent crude above $100 per barrel. Higher oil prices can improve upstream revenue and cash flow. ExxonMobil Just Gained 12% in a Month and Chevron 11%: Take Profits, or Buy More?
• Positive Sentiment: Analyst sentiment has improved. Zacks upgraded XOM from “hold” to “strong buy,” while Barclays raised its price target. The upgrades reflect ExxonMobil’s strong performance, balance sheet and outlook. Zacks Research Stock Recommendations ExxonMobil Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Long-term production prospects remain favorable. Low-cost Permian Basin and Guyana assets are expected to support upstream production growth through 2030, while disciplined investment could strengthen returns as oil prices remain elevated. Can ExxonMobil Strengthen Its Long-Term Upstream Production Capacity?
• Neutral Sentiment: Momentum is attracting investor attention. Analysts describe XOM as a strong momentum stock and note that it has outperformed BP, although BP’s lower valuation may appeal to value-focused investors. XOM vs. BP: Which Integrated Energy Giant Has the Edge?
• Negative Sentiment: Illinois refinery disruption is a near-term concern. The outage has contributed to a surge in Midwest gasoline prices and could pressure ExxonMobil’s refining volumes or raise repair costs, despite potentially supporting regional fuel margins. Midwest Pump Prices Surge After Disruption at Exxon’s Illinois Refinery

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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