ExxonMobil Corporation $XOM Stock: Nisa Investment Advisors LLC Reduces Stake

Nisa Investment Advisors LLC lowered its position in ExxonMobil Corporation (NYSE:XOM) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982,485 shares of the oil and gas company’s stock after selling 42,307 shares during the quarter. ExxonMobil makes up approximately 0.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 17th biggest position. Nisa Investment Advisors LLC’s holdings in ExxonMobil were worth $159,899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil during the second quarter worth approximately $27,000. Portus Wealth Advisors LLC purchased a new stake in shares of ExxonMobil in the 1st quarter valued at $36,000. Atlantic Private Wealth LLC boosted its stake in shares of ExxonMobil by 776.9% in 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 in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of ExxonMobil in the 1st quarter valued at $53,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of ExxonMobil by 53.1% in the 1st 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. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. BMO Capital Markets increased their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Morgan Stanley boosted their price target on shares of ExxonMobil from $177.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Jefferies Financial Group upped their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, TD Cowen raised their price objective on ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.70.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $178.14 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The business’s 50 day simple moving average is $164.95 and its two-hundred day simple moving average is $154.77. The stock has a market capitalization of $738.39 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. ExxonMobil Corporation has a one year low of $112.51 and a one year high of $180.26.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the firm posted $1.64 EPS. Analysts forecast that ExxonMobil Corporation will post 12.46 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

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.