Smithbridge Asset Management Inc. DE Acquires New Position in ExxonMobil Corporation $XOM

Key Points

• Smithbridge Asset Management acquired 6,250 ExxonMobil shares worth approximately $1.02 million in the third quarter, while institutional investors collectively own 61.8% of XOM.
• Analyst sentiment is mixed: the consensus rating is “Hold” with a $167.30 target price, although some analysts recently raised targets and maintained “Buy” or upgraded ratings.
• ExxonMobil benefits from stronger refining margins, production improvements and diversified operations, but declining crude prices remain a key risk. The company pays a $1.03 quarterly dividend, or $4.12 annually, yielding about 2.3%.

Smithbridge Asset Management Inc. DE acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,250 shares of the oil and gas company's stock, valued at approximately $1,017,000.

Several other institutional investors also recently bought and sold shares of XOM. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the 2nd quarter worth $27,000. Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil during the 1st quarter worth $36,000. Atlantic Private Wealth LLC grew its position in shares of 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 in the last quarter. Financial Connections Group Inc. purchased a new position in shares of ExxonMobil during the first quarter valued at $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of ExxonMobil by 53.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company's stock valued at $55,000 after buying an additional 113 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen lifted their price objective on ExxonMobil from $168.00 to $180.00 and gave the company a "buy" rating in a report on Monday, September 28th. DZ Bank lowered 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. UBS Group reiterated a "buy" rating and set a $199.00 target price on shares of ExxonMobil in a report on Monday. Wells Fargo & Company reissued an "equal weight" rating and set a $182.00 target price on shares of ExxonMobil in a research report on Thursday, October 1st. Finally, Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $167.30.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target on ExxonMobil from $177 to $200 and upgraded the stock to “overweight,” implying approximately 12% upside from the referenced price. The move reflects stronger analyst confidence in ExxonMobil’s earnings outlook. Barclays ExxonMobil price target update
• Positive Sentiment: ExxonMobil has indicated that stronger refining margins could provide a significant boost to third-quarter results, with estimates pointing to a potential $4.5 billion refining tailwind. Improving Permian production, drilling efficiency and cost discipline also support the company’s upstream outlook. ExxonMobil refining tailwind
• Positive Sentiment: Proponent became an authorized distributor of ExxonMobil Aviation lubricants in the Americas, expanding ExxonMobil’s aftermarket distribution reach. The announcement is strategically positive but likely has limited near-term earnings impact. ExxonMobil aviation lubricants distribution agreement
• Neutral Sentiment: Analyst commentary continues to highlight ExxonMobil’s diversified business across exploration, refining, chemicals and specialty products. That diversification supports cash generation and dividend security, although the stock’s yield is viewed as relatively modest. ExxonMobil dividend analysis
• Negative Sentiment: The main pressure on XOM is the decline in crude prices from recent highs. Lower oil prices can reduce upstream revenue and profit expectations, even as refining margins remain favorable. ExxonMobil shares and crude oil prices

ExxonMobil Stock Down 0.3%

ExxonMobil stock opened at $178.36 on Tuesday. 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 firm has a market cap of $739.30 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.04 and a beta of 0.21. The business has a fifty day moving average of $164.22 and a two-hundred day moving average of $154.53. ExxonMobil Corporation has a twelve month low of $111.98 and a twelve month high of $179.30.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly 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 company had revenue of $114.53 billion during 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 quarter in the prior year, the business posted $1.64 earnings per share. On average, analysts forecast that ExxonMobil Corporation will post 12.52 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, August 17th. ExxonMobil's payout ratio is 53.02%.

ExxonMobil Company 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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