12,995 Shares in ExxonMobil Corporation $XOM Bought by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI acquired 12,995 ExxonMobil shares in the third quarter, valued at approximately $2.1 million.
• Institutional investors own 61.8% of ExxonMobil, with several major funds—including GQG Partners and Dimensional Fund Advisors—recently increasing their positions.
• ExxonMobil pays a quarterly dividend of $1.03, representing a 2.2% yield, while analysts maintain a “Moderate Buy” consensus rating with a $167.70 target price.

Norris Perne & French LLP MI acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,995 shares of the oil and gas company's stock, valued at approximately $2,115,000.

Other hedge funds have also added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in shares of ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC purchased a new position in shares of ExxonMobil in the 1st quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership bought a new position in ExxonMobil in the 1st quarter worth about $766,345,000. Diamant Asset Management Inc. boosted its stake in ExxonMobil by 17,312.4% in the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company's stock worth $370,514,000 after purchasing an additional 2,171,322 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after purchasing an additional 1,540,902 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Up 0.7%

XOM stock opened at $184.41 on Tuesday. ExxonMobil Corporation has a 1-year low of $112.51 and a 1-year high of $184.59. The business has a fifty day moving average price of $165.81 and a 200-day moving average price of $152.82. 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 stock has a market capitalization of $764.39 billion, a P/E ratio of 23.73, a P/E/G ratio of 0.92 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the previous year, the company earned $1.64 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. Mizuho cut their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, July 9th. Morgan Stanley lifted their target price on shares of ExxonMobil from $177.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. Bank of America cut shares of ExxonMobil from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $182.00 target price on shares of ExxonMobil in a research note on Thursday, October 1st. Finally, Jefferies Financial Group increased their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the company a "buy" rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.70.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon's $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

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.

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