ExxonMobil Corporation $XOM Stake Boosted by Candriam S.C.A.

Candriam S.C.A. increased its holdings in ExxonMobil Corporation (NYSE:XOM) by 5.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 370,238 shares of the oil and gas company’s stock after acquiring an additional 19,459 shares during the quarter. Candriam S.C.A.’s holdings in ExxonMobil were worth $60,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Richard Young Associates Ltd. lifted its position in shares of ExxonMobil by 17.0% during the 3rd quarter. Richard Young Associates Ltd. now owns 2,837 shares of the oil and gas company’s stock valued at $462,000 after buying an additional 412 shares in the last quarter. American State Bank Iowa increased its holdings in ExxonMobil by 4.2% in the 3rd quarter. American State Bank Iowa now owns 13,652 shares of the oil and gas company’s stock worth $2,222,000 after acquiring an additional 553 shares in the last quarter. J. Derek Lewis & Associates Inc. increased its holdings in ExxonMobil by 3.1% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 3,759 shares of the oil and gas company’s stock worth $612,000 after acquiring an additional 114 shares in the last quarter. Ethic Inc. raised its stake in ExxonMobil by 3.7% during the 3rd quarter. Ethic Inc. now owns 112,619 shares of the oil and gas company’s stock worth $18,329,000 after acquiring an additional 4,020 shares during the period. Finally, Christian Investment Advisors Inc. bought a new stake in ExxonMobil during the 3rd quarter worth approximately $565,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. Freedom Broker lifted their price target on shares of ExxonMobil from $142.00 to $162.00 and gave the company a “hold” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of ExxonMobil from $182.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. Morgan Stanley raised their price objective on shares of ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.38.

ExxonMobil Stock Up 0.3%

Shares of NYSE:XOM opened at $165.81 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month high of $188.50. The company has a 50-day moving average price of $168.83 and a 200 day moving average price of $155.41. The company has a market cap of $676.38 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.82 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data 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. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The company had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. As a group, equities research analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business 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. 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 positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is 43.99%.

Trending Headlines about 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

About ExxonMobil

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.