ExxonMobil Corporation $XOM Stock: Mill Capital Management LLC Decreases Stake

Mill Capital Management LLC lessened its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 361,265 shares of the oil and gas company’s stock after selling 3,225 shares during the quarter. ExxonMobil makes up 3.9% of Mill Capital Management LLC’s portfolio, making the stock its 8th largest holding. Mill Capital Management LLC’s holdings in ExxonMobil were worth $58,796,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. apricus wealth LLC grew its holdings in ExxonMobil by 3.2% during the third quarter. apricus wealth LLC now owns 10,764 shares of the oil and gas company’s stock valued at $1,752,000 after purchasing an additional 335 shares during the period. Patton Albertson Miller Group LLC raised its stake in shares of ExxonMobil by 0.9% in the third quarter. Patton Albertson Miller Group LLC now owns 13,521 shares of the oil and gas company’s stock worth $2,201,000 after buying an additional 114 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of ExxonMobil by 1.7% in the third quarter. Miller Howard Investments Inc. NY now owns 10,906 shares of the oil and gas company’s stock worth $1,775,000 after buying an additional 185 shares during the period. Solitude Financial Services lifted its position in shares of ExxonMobil by 1.1% during the 3rd quarter. Solitude Financial Services now owns 35,266 shares of the oil and gas company’s stock valued at $5,739,000 after buying an additional 385 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in shares of ExxonMobil during the 3rd quarter valued at about $515,000. Institutional investors own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices are lifting Big Oil profits. The Iran conflict has contributed to elevated crude prices, helping ExxonMobil and other integrated producers expand earnings. XOM has risen about 18% since February, while analysts expect the favorable commodity backdrop to support its third-quarter results. A Freaking Fortune: How the Iran War Rescued Big Oil’s Bottom Line
• Positive Sentiment: Expectations are building ahead of the October 30 earnings report. Higher crude prices and stronger refining margins have led several analysts to forecast that ExxonMobil could exceed third-quarter earnings estimates. Options activity also points to potential post-earnings strength. Ahead of ExxonMobil Earnings
• Positive Sentiment: ExxonMobil avoided a potentially significant liability in Kazakhstan. A tribunal dismissed Kazakhstan’s approximately $12 billion Kashagan arbitration claim, removing the immediate risk of a large award against ExxonMobil and its partners. ExxonMobil Wins Dismissal of Kazakhstan’s Kashagan Claim
• Positive Sentiment: Production and supply-chain developments remain supportive. ExxonMobil and Citgo acquired Venezuelan crude for U.S. refining, while recent Guyana discoveries and production growth add to long-term cash-flow potential. State Street’s energy ETF also purchased an additional $26.1 million of XOM, signaling continued institutional demand. Exxon Mobil and Citgo Acquire Venezuelan Crude

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a report on Monday, August 17th. The Goldman Sachs Group restated a “neutral” rating and set a $178.00 price target on shares of ExxonMobil in a report on Tuesday, October 20th. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. William Blair began coverage on ExxonMobil in a report on Wednesday. They set a “market perform” rating on the stock. Finally, Barclays upped their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil Stock Up 1.1%

Shares of NYSE:XOM opened at $181.91 on Thursday. 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 business’s 50 day moving average is $166.99 and its 200 day moving average is $153.74. The stock has a market cap of $754.03 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.88.

ExxonMobil (NYSE:XOM) last posted 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 firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate 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 company posted $1.64 EPS. Sell-side analysts predict that ExxonMobil Corporation will post 13.61 EPS for the current year.

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.