Signature Resources Capital Management LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM – Free Report) in the third quarter, Holdings Channel reports. The fund bought 6,273 shares of the oil and gas company’s stock, valued at approximately $1,021,000.
Other large investors have also recently bought and sold shares of the company. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil during the 2nd quarter valued at $27,000. Portus Wealth Advisors LLC acquired a new position in shares of ExxonMobil in the 1st quarter valued at $36,000. Atlantic Private Wealth LLC increased its stake in ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Sankala Group LLC purchased a new position in ExxonMobil in the 4th quarter worth about $46,000. Finally, Financial Connections Group Inc. purchased a new position in ExxonMobil in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Key Stories Impacting ExxonMobil
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 Stock Up 2.5%
XOM opened at $179.03 on Friday. The firm has a market cap of $742.05 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.04 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 Corporation has a twelve month low of $111.18 and a twelve month high of $179.16. The firm’s 50-day simple moving average is $163.85 and its 200-day simple moving average is $154.59.
ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the company earned $1.64 earnings per share. Equities research analysts anticipate that ExxonMobil Corporation will post 12.52 EPS for the current fiscal year.
ExxonMobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a $1.03 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on XOM shares. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Wells Fargo & Company reissued an “equal weight” rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Thursday, October 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Argus upped 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. Finally, Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $165.13.
View Our Latest Analysis on XOM
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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