10,039 ExxonMobil Corporation $XOM Shares Acquired by Provenance Wealth Advisors LLC

Key Points

• Provenance Wealth Advisors increased its ExxonMobil stake by 313.5% in the third quarter, adding 10,039 shares and bringing its holdings to 13,241 shares, valued at about $2.16 million.
• ExxonMobil reported quarterly earnings of $4.23 per share, topping analyst expectations, and raised its quarterly dividend from $1.03 to $1.07 per share.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $168.70; institutional investors held 61.8% of the company’s stock.

Provenance Wealth Advisors LLC lifted its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 313.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,241 shares of the oil and gas company's stock after acquiring an additional 10,039 shares during the quarter. Provenance Wealth Advisors LLC's holdings in ExxonMobil were worth $2,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ackerman Capital Advisors LLC lifted its stake in ExxonMobil by 6.6% in the third 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 during the last quarter. One Day In July LLC increased its stake 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 worth $1,365,000 after purchasing an additional 375 shares during the last quarter. Hughes Financial Services LLC increased its stake in shares of ExxonMobil by 3.4% during the 3rd quarter. Hughes Financial Services LLC now owns 3,757 shares of the oil and gas company's stock worth $611,000 after purchasing an additional 124 shares during the last quarter. Associated Banc Corp bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $81,471,000. Finally, Legacy CG LLC bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $210,000. Institutional investors own 61.80% of the company's stock.

ExxonMobil Stock Down 1.2%

Shares of XOM opened at $177.50 on Wednesday. The firm has a market cap of $735.72 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $188.50. The firm's 50-day simple moving average is $168.33 and its 200 day simple moving average is $154.86.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly 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 analysts' expectations 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 firm posted $1.88 EPS. On average, analysts forecast that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

ExxonMobil Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup reiterated a "neutral" rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. Bank of America downgraded ExxonMobil from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Barclays upped their price objective on ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, October 19th. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Piper Sandler raised their price objective on ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $168.70.

Key Headlines Impacting 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 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.

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