15,069 Shares in ExxonMobil Corporation $XOM Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,069 shares of the oil and gas company's stock, valued at approximately $2,452,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. MBE Wealth Management LLC boosted its holdings in ExxonMobil by 1.3% during the third quarter. MBE Wealth Management LLC now owns 6,403 shares of the oil and gas company's stock valued at $1,042,000 after purchasing an additional 85 shares in the last quarter. Schwartz Investment Counsel Inc. grew its stake in shares of ExxonMobil by 20.4% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 106,278 shares of the oil and gas company's stock valued at $17,297,000 after purchasing an additional 18,000 shares during the period. DMC Group LLC grew its stake in shares of ExxonMobil by 1.2% in the 3rd quarter. DMC Group LLC now owns 8,496 shares of the oil and gas company's stock valued at $1,383,000 after purchasing an additional 104 shares during the period. Penobscot Investment Management Company Inc. grew its stake in shares of ExxonMobil by 6.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 61,651 shares of the oil and gas company's stock valued at $10,034,000 after purchasing an additional 3,748 shares during the period. Finally, Cahaba Wealth Management Inc. raised its holdings in shares of ExxonMobil by 3.0% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 7,075 shares of the oil and gas company's stock worth $1,151,000 after buying an additional 208 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices are lifting Big Oil profits. The Iran conflict has contributed to elevated crude prices, helping ExxonMobil and other integrated producers expand earnings. XOM has risen about 18% since February, while analysts expect the favorable commodity backdrop to support its third-quarter results. A Freaking Fortune: How the Iran War Rescued Big Oil's Bottom Line
• Positive Sentiment: Expectations are building ahead of the October 30 earnings report. Higher crude prices and stronger refining margins have led several analysts to forecast that ExxonMobil could exceed third-quarter earnings estimates. Options activity also points to potential post-earnings strength. Ahead of ExxonMobil Earnings
• Positive Sentiment: ExxonMobil avoided a potentially significant liability in Kazakhstan. A tribunal dismissed Kazakhstan’s approximately $12 billion Kashagan arbitration claim, removing the immediate risk of a large award against ExxonMobil and its partners. ExxonMobil Wins Dismissal of Kazakhstan’s Kashagan Claim
• Positive Sentiment: Production and supply-chain developments remain supportive. ExxonMobil and Citgo acquired Venezuelan crude for U.S. refining, while recent Guyana discoveries and production growth add to long-term cash-flow potential. State Street’s energy ETF also purchased an additional $26.1 million of XOM, signaling continued institutional demand. Exxon Mobil and Citgo Acquire Venezuelan Crude

ExxonMobil Trading Up 1.1%

XOM stock opened at $181.91 on Thursday. The business has a fifty day moving average price of $166.99 and a 200 day moving average price of $153.74. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $184.88. The stock has a market capitalization of $754.03 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 0.92 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business 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 expect that ExxonMobil Corporation will post 13.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Freedom Capital upgraded ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. HSBC reaffirmed a "hold" rating and issued a $90.00 price target on shares of ExxonMobil in a research note on Friday, September 25th. Piper Sandler upped their price target on ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. DZ Bank lowered ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group lifted their price objective on 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 issued a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, ExxonMobil presently has an average rating of "Moderate Buy" and a consensus price target of $167.70.

About ExxonMobil

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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