Financial Insights Inc. Makes New $1.31 Million Investment in ExxonMobil Corporation $XOM

Financial Insights Inc. purchased a new position in ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,047 shares of the oil and gas company’s stock, valued at approximately $1,310,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBT Bank N.A. bought a new position in ExxonMobil in the 3rd quarter worth about $26,000. Aventus Investment Advisors Inc. bought a new stake in shares of ExxonMobil during the second quarter valued at approximately $27,000. Portus Wealth Advisors LLC bought a new stake in shares of ExxonMobil during the first quarter valued at approximately $36,000. Atlantic Private Wealth LLC raised its stake in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares in the last quarter. Finally, Financial Connections Group Inc. purchased a new stake in shares of ExxonMobil in the first quarter valued at approximately $53,000. 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 crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $183.15 on Friday. The firm has a 50 day moving average of $167.35 and a 200 day moving average of $154.04. 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 company has a market capitalization of $759.15 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 0.91 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 announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same period last year, the business posted $1.64 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. BMO Capital Markets upped their target price on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Citigroup reissued a “neutral” rating and set a $175.00 price target (up from $150.00) on shares of ExxonMobil in a research report on Wednesday, July 8th. Wall Street Zen upgraded ExxonMobil from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, Mizuho cut their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

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.