ExxonMobil Corporation $XOM Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,574 shares of the oil and gas company’s stock after purchasing an additional 3,207 shares during the period. ExxonMobil comprises approximately 1.0% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Westover Capital Advisors LLC’s holdings in ExxonMobil were worth $6,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. GQG Partners LLC grew its position in ExxonMobil by 153.3% during 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 buying an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC bought a new stake in ExxonMobil in the first quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership bought a new stake in ExxonMobil in the first quarter worth about $766,345,000. Diamant Asset Management Inc. boosted its stake in ExxonMobil by 17,312.4% in the first quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock valued at $370,514,000 after acquiring an additional 2,171,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in ExxonMobil by 5.7% in the first 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 acquiring an additional 1,540,902 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil won dismissal of Kazakhstan’s roughly $12 billion Kashagan arbitration claim. The ruling removes the immediate risk of a major financial award tied to alleged project delays and cost overruns, reducing legal uncertainty for ExxonMobil and its partners. ExxonMobil wins dismissal of Kazakhstan’s Kashagan claim
• Positive Sentiment: Investors expect a strong third quarter, helped by refining margins and higher oil prices earlier in the period. Reports point to a potential refining benefit of approximately $4.5 billion, although the earnings release will show whether lower crude prices offset some of that gain. Exxon’s refining windfall and third-quarter earnings
• Positive Sentiment: ETF buying provides a technical demand signal. Exchange-traded funds reportedly added about $1.41 billion of XOM on October 22, while 28 ETFs increased their ExxonMobil holdings, potentially supporting the stock and signaling continued institutional interest. ETF purchases of ExxonMobil
• Neutral Sentiment: New Venezuelan oil shipments are arriving in Texas for sale to ExxonMobil and Citgo. The additional feedstock could benefit refinery utilization, but the transaction also carries geopolitical and regulatory considerations. Venezuelan oil arrives in Texas
• Negative Sentiment: Crude-price momentum has become less favorable. Persian Gulf exports have reportedly recovered toward pre-conflict levels, while Brent crude fell on hopes of easing tensions with Iran. Lower oil prices could pressure ExxonMobil’s upstream earnings and are a key risk to the stock’s elevated valuation. Gulf oil exports and ExxonMobil earnings outlook

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $179.87 on Wednesday. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.88. The stock’s 50-day simple moving average is $166.66 and its 200 day simple moving average is $153.45.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the previous year, the company earned $1.64 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on XOM shares. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their target price for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. Argus lifted their price target on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. HSBC reiterated a “hold” rating and issued a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. Piper Sandler increased their price objective on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Citigroup reissued a “neutral” rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.70.

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.