174,331 ExxonMobil Corporation $XOM Shares Sold by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR cut its ExxonMobil stake by 18.6%, selling 174,331 shares in the third quarter; it retained 761,720 shares valued at about $123.9 million.
• ExxonMobil reported quarterly EPS of $4.23, topping the $4.12 consensus estimate, and revenue of $110.5 billion, also above expectations.
• The company raised its quarterly dividend from $1.03 to $1.07 per share, equivalent to an annualized dividend of $4.28 and a 2.5% yield.

Eurizon Capital SGR S.p.A. trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 18.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 761,720 shares of the oil and gas company's stock after selling 174,331 shares during the quarter. Eurizon Capital SGR S.p.A.'s holdings in ExxonMobil were worth $123,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Dimensional Fund Advisors LP increased its stake in shares of 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. Amundi lifted its position in ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares in the last quarter. GQG Partners LLC lifted its position in 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 purchasing an additional 10,214,420 shares in the last quarter. Swiss National Bank lifted its position in ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock valued at $2,099,783,000 after purchasing an additional 693,800 shares in the last quarter. Finally, National Pension Service grew its holdings in ExxonMobil by 1.8% during the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock valued at $1,321,265,000 after purchasing an additional 166,268 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Trading Up 1.8%

Shares of XOM stock opened at $169.78 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. The stock has a fifty day simple moving average of $169.21 and a two-hundred day simple moving average of $156.06. The firm has a market capitalization of $692.55 billion, a PE ratio of 17.45, a PEG ratio of 0.83 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same period in the previous year, the business earned $1.88 earnings per share. On average, analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.5%. ExxonMobil's dividend payout ratio is 42.34%.

Wall Street Analyst Weigh In

A number of analysts have commented on XOM shares. William Blair started coverage on ExxonMobil in a research report on Wednesday, October 28th. They issued a "market perform" rating for the company. JPMorgan Chase & Co. lifted their price objective on ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Sanford C. Bernstein cut their price objective on ExxonMobil from $193.00 to $186.00 and set an "outperform" rating for the company in a research note on Thursday. Argus increased their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Finally, Piper Sandler increased their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $170.54.

ExxonMobil News Summary

These are some of the XOM news items that stood out recently:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil's Upstream Business?
• Neutral Sentiment: The company signed a non-binding agreement to evaluate seven areas in Venezuela for possible oil and gas projects. This offers potential longer-term opportunity, but no development commitment or production benefit is established yet. Article: Exxon assessing 7 areas in Venezuela for possible energy projects
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules

ExxonMobil Company Profile

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.

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