ExxonMobil Corporation $XOM Shares Bought by Markel Group Inc.

Markel Group Inc. increased its stake in ExxonMobil Corporation (NYSE:XOM) by 7.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,400 shares of the oil and gas company’s stock after purchasing an additional 4,300 shares during the period. Markel Group Inc.’s holdings in ExxonMobil were worth $9,830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MFG Investments LLC bought a new position in ExxonMobil in the 3rd quarter valued at approximately $473,000. Provenance Wealth Advisors LLC lifted its stake in shares of ExxonMobil by 313.5% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 13,241 shares of the oil and gas company’s stock valued at $2,155,000 after acquiring an additional 10,039 shares during the last quarter. Ackerman Capital Advisors LLC boosted its holdings in shares of ExxonMobil by 6.6% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 20,631 shares of the oil and gas company’s stock valued at $3,358,000 after acquiring an additional 1,276 shares in the last quarter. One Day In July LLC boosted its holdings in shares of ExxonMobil by 4.7% during the 3rd quarter. One Day In July LLC now owns 8,387 shares of the oil and gas company’s stock valued at $1,365,000 after acquiring an additional 375 shares in the last quarter. Finally, Hughes Financial Services LLC boosted its stake in shares of ExxonMobil by 3.4% during the third quarter. Hughes Financial Services LLC now owns 3,757 shares of the oil and gas company’s stock valued at $611,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key ExxonMobil News

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on XOM shares. Citigroup restated a “neutral” rating and set a $175.00 price target (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. Mizuho dropped their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, JPMorgan Chase & Co. lifted their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.70.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $177.50 on Wednesday. The company has a market capitalization of $735.72 billion, a PE ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 0.16. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $188.50. The firm has a fifty day simple moving average of $168.33 and a 200 day simple moving average of $154.86.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The business had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. On average, sell-side analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio (DPR) is presently 42.34%.

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.