ExxonMobil Corporation $XOM Stock Position Boosted by Ethic Inc.

Ethic Inc. raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,619 shares of the oil and gas company’s stock after acquiring an additional 4,020 shares during the quarter. Ethic Inc.’s holdings in ExxonMobil were worth $18,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christian Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the third quarter valued at $565,000. Guild Investment Management Inc. purchased a new stake in shares of ExxonMobil in the 3rd quarter worth approximately $212,000. StoneX Group Inc. boosted its position in ExxonMobil by 4.4% during the 3rd quarter. StoneX Group Inc. now owns 49,755 shares of the oil and gas company’s stock valued at $8,098,000 after acquiring an additional 2,082 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in ExxonMobil by 5.2% during the third quarter. Pictet Asset Management Holding SA now owns 1,721,663 shares of the oil and gas company’s stock valued at $280,201,000 after purchasing an additional 85,146 shares in the last quarter. Finally, Leelyn Smith LLC boosted its holdings in shares of ExxonMobil by 2.9% in the 3rd quarter. Leelyn Smith LLC now owns 34,684 shares of the oil and gas company’s stock valued at $5,645,000 after buying an additional 971 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Citigroup upped their price target on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group upped their price objective on ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, BMO Capital Markets lifted their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.38.

ExxonMobil Price Performance

XOM stock opened at $165.81 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The business has a 50 day simple moving average of $168.83 and a 200-day simple moving average of $155.41. The firm has a market capitalization of $676.38 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The business had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same period last year, the company earned $1.88 EPS. Equities research analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is presently 43.99%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

ExxonMobil Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.