18,000 ExxonMobil Corporation $XOM Shares Purchased by Schwartz Investment Counsel Inc.

Key Points

• Schwartz Investment Counsel increased its ExxonMobil stake by 20.4% in the third quarter, purchasing 18,000 shares and bringing its holdings to 106,278 shares valued at approximately $17.3 million.
• Institutional investors collectively own 61.8% of ExxonMobil’s stock, with several major funds—including GQG Partners and Dimensional Fund Advisors—also increasing their positions.
• Analysts maintain a consensus “Moderate Buy” rating with a $167.70 price target, while ExxonMobil shares recently traded near their 12-month high at $181.91.

Schwartz Investment Counsel Inc. boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 20.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 106,278 shares of the oil and gas company's stock after buying an additional 18,000 shares during the period. Schwartz Investment Counsel Inc.'s holdings in ExxonMobil were worth $17,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GQG Partners LLC boosted its stake 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 worth $2,307,497,000 after buying an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC bought a new position in ExxonMobil during the first quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of ExxonMobil in the first quarter valued at $766,345,000. Diamant Asset Management Inc. raised its stake in shares of ExxonMobil by 17,312.4% in the first quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company's stock valued at $370,514,000 after acquiring an additional 2,171,322 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock valued at $4,812,790,000 after acquiring an additional 1,540,902 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

ExxonMobil Stock Up 1.1%

Shares of XOM opened at $181.91 on Thursday. The firm has a market capitalization of $754.03 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.92 and a beta of 0.21. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $184.88. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $166.99 and a 200-day moving average price of $153.74.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the previous year, the company posted $1.64 earnings per share. Equities research analysts expect that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XOM shares. Citigroup restated a "neutral" rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Jefferies Financial Group upped 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. DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective on the stock. in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company downgraded shares of ExxonMobil from an "overweight" rating to an "equal weight" rating and set a $182.00 price objective for the company. in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.70.

Key Headlines Impacting 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

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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