ExxonMobil Corporation $XOM Holdings Lessened by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS lessened its stake in ExxonMobil Corporation (NYSE:XOM) by 29.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,759 shares of the oil and gas company’s stock after selling 3,647 shares during the quarter. Legacy Wealth Management LLC MS’s holdings in ExxonMobil were worth $1,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBT Bank N.A. bought a new stake in ExxonMobil in the 3rd quarter valued at $26,000. Aventus Investment Advisors Inc. purchased a new stake in ExxonMobil in the 2nd quarter worth $27,000. Atlantic Private Wealth LLC boosted its holdings in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the last quarter. Financial Connections Group Inc. purchased a new position in shares of ExxonMobil during the first quarter valued at about $53,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of ExxonMobil by 53.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 113 shares in the last quarter. 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: Exxon beat third-quarter earnings expectations, with adjusted EPS of $4.23. Refining strength, improved margins and record downstream utilization helped offset weaker upstream earnings. How Investors Are Reacting To ExxonMobil Stock Earnings
• Positive Sentiment: Investors are also receiving substantial cash returns: Exxon raised its quarterly dividend to $1.07 per share and increased its share-repurchase authorization to $110 billion. UBS raised its price target to $213 and kept a Buy rating after the results. UBS raises ExxonMobil price target
• Positive Sentiment: XOM’s move above its 200-day moving average is a technical signal some investors view as supportive of a longer-term uptrend. The company also took a 50% stake in Mozambique LNG, adding to its long-term growth opportunities. ExxonMobil crosses its 200-day moving average
• Neutral Sentiment: Oil traders are weighing conflicting signals about U.S.-Iran tensions and the possibility of a deal. Any change in perceived supply risk could move crude prices—and Exxon’s upstream outlook—in either direction. Report on U.S.-Iran tensions and oil markets
• Negative Sentiment: After a strong run, XOM’s valuation is considered elevated, leaving less room for disappointment. Upstream earnings declined sequentially, and lower crude prices could add pressure; the retreat from recent highs suggests investors are taking profits and reassessing how much good news is already priced in. ExxonMobil stock valuation and outlook

ExxonMobil Trading Down 1.2%

XOM opened at $177.50 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. The stock’s 50 day moving average price is $168.33 and its 200-day moving average price is $154.86. ExxonMobil Corporation has a one year low of $112.51 and a one year high of $188.50. The stock has a market cap of $735.72 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its earnings results 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 the consensus estimate of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same period last year, the company earned $1.88 earnings per share. On average, equities analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil Increases Dividend

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

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. TD Cowen raised their price target on ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a report on Monday, September 28th. Weiss Ratings raised ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen raised ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus 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.