269,923 Shares of ExxonMobil Corporation $XOM Bought by Randolph Co Inc

Key Points

• Randolph Co Inc acquired 269,923 ExxonMobil shares worth approximately $43.93 million in the third quarter, making XOM about 3.5% of its portfolio. Institutional investors collectively own 61.8% of the company.
• ExxonMobil shares opened at $184.41, near their 52-week high of $184.59, with a market capitalization of roughly $764.4 billion. The stock pays a quarterly dividend of $1.03, equivalent to a 2.2% annual yield.
• ExxonMobil reported quarterly earnings of $3.52 per share, slightly below analyst expectations, while revenue exceeded estimates at $114.53 billion. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $167.70.

Randolph Co Inc bought a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 269,923 shares of the oil and gas company's stock, valued at approximately $43,930,000. ExxonMobil comprises about 3.5% of Randolph Co Inc's portfolio, making the stock its 11th largest position.

A number of other institutional investors also recently modified their holdings of the stock. NBT Bank N.A. acquired a new position in ExxonMobil during the 3rd quarter worth $26,000. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil in the 2nd quarter valued at $27,000. Portus Wealth Advisors LLC acquired a new stake in shares of ExxonMobil in the 1st quarter valued at $36,000. Atlantic Private Wealth LLC increased its stake in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock valued at $39,000 after buying an additional 202 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in shares of ExxonMobil during the first quarter worth $53,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil Price Performance

Shares of XOM stock opened at $184.41 on Tuesday. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.59. The stock has a market cap of $764.39 billion, a PE ratio of 23.73, a PEG ratio of 0.92 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The firm's 50 day moving average price is $165.81 and its two-hundred day moving average price is $152.82.

ExxonMobil (NYSE:XOM - Get Free Report) last released its 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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the prior year, the firm posted $1.64 EPS. As a group, analysts forecast that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.2%. ExxonMobil's dividend payout ratio is presently 53.02%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on ExxonMobil from $160.00 to $170.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Weiss Ratings upgraded ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 29th. Morgan Stanley lifted their price objective on ExxonMobil from $177.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, October 15th. Finally, Jefferies Financial Group boosted their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.