VCI Wealth Management LLC Makes New $3.22 Million Investment in ExxonMobil Corporation $XOM

Key Points

• VCI Wealth Management acquired 19,786 ExxonMobil shares during the third quarter, representing a new investment valued at approximately $3.22 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil reported strong third-quarter results, with adjusted earnings of $4.23 per share exceeding estimates and revenue reaching $110.5 billion. Refining-margin gains and LNG expansion supported the performance, though upstream earnings declined sequentially.
• The company raised its quarterly dividend 3.9% to $1.07 per share, marking its 44th consecutive annual increase. Shares recently fell 3.9% amid declining crude prices and valuation concerns after reaching a record high.

VCI Wealth Management LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,786 shares of the oil and gas company's stock, valued at approximately $3,220,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. GQG Partners LLC boosted its position 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 valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil in the first quarter valued at about $965,932,000. Arrowstreet Capital Limited Partnership bought a new position in ExxonMobil during the first quarter worth about $766,345,000. Dimensional Fund Advisors LP boosted its holdings in ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock valued at $4,812,790,000 after purchasing an additional 1,540,902 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in ExxonMobil by 63.3% in the 1st quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company's stock valued at $571,996,000 after purchasing an additional 1,307,465 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported third-quarter adjusted earnings of $4.23 per share, ahead of consensus, while revenue increased roughly 33% year over year to approximately $110.5 billion-$113.2 billion. Refining-margin gains and continued LNG expansion supported the results. XOM Q3 Earnings Call Highlights Refining Strength and LNG Expansion
• Positive Sentiment: UBS raised its XOM price target to $213 and maintained a Buy rating. Morgan Stanley increased its target to $187 with an Overweight rating, while Wells Fargo lifted its target to $189 but retained Equal Weight. These revisions indicate continued confidence in ExxonMobil’s earnings and shareholder-return outlook. Analysts Boost Forecasts on ExxonMobil
• Positive Sentiment: The company raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase. ExxonMobil also emphasized buybacks, debt reduction and strong free cash flow, reinforcing its appeal to income-focused investors. Exxon Dividend and Free Cash Flow
• Positive Sentiment: ExxonMobil agreed to take a 50% stake in Mozambique LNG, adding a long-term growth opportunity in liquefied natural gas and strengthening its global gas portfolio. ExxonMobil Takes 50% Stake in Mozambique LNG
• Neutral Sentiment: ExxonMobil’s shares were added to Securitize’s tokenized-stock platform on Solana. The move may improve market accessibility, but its near-term effect on ExxonMobil’s fundamentals and valuation is limited. Tokenized Stock Trading on Solana
• Negative Sentiment: Crude prices declined, prompting investors to take profits after XOM reached a record high following the earnings release. The stock’s elevated valuation also leaves less room for disappointment.
• Negative Sentiment: Although total earnings more than doubled year over year, adjusted upstream earnings fell about 20% sequentially. That decline raises concerns that refining strength, rather than broad-based production growth, drove much of the latest beat. ExxonMobil Earnings Vulnerability

ExxonMobil Stock Down 3.9%

Shares of NYSE XOM opened at $179.92 on Tuesday. The stock has a market capitalization of $745.75 billion, a P/E ratio of 18.49, a PEG ratio of 0.91 and a beta of 0.21. The stock's fifty day moving average is $168.06 and its 200 day moving average is $154.62. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $188.50. 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 posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion during 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 quarter in the prior year, the business posted $1.88 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 13.58 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.4%. This is an increase from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's payout ratio is 42.34%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Barclays increased their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, October 19th. JPMorgan Chase & Co. lifted their price target on shares of ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Bank of America cut ExxonMobil from a "buy" rating to a "neutral" rating and boosted their price target for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $178.00 price target on shares of ExxonMobil in a research note on Tuesday, October 20th. Finally, Jefferies Financial Group increased their price target on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.70.

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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