6,235 Shares of ExxonMobil Corporation $XOM Purchased by Beacon Capital Management LLC

Key Points

• Beacon Capital Management purchased 6,235 ExxonMobil shares during the third quarter, worth approximately $1.015 million. Institutional investors and hedge funds collectively own 61.8% of the company.
• ExxonMobil shares opened at $184.41, near their 52-week high of $184.59, with the stock trading above both its 50-day and 200-day moving averages.
• The company reported quarterly revenue of $114.53 billion but slightly missed earnings expectations, while maintaining a quarterly dividend of $1.03 per share, representing a 2.2% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $167.70.

Beacon Capital Management LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,235 shares of the oil and gas company's stock, valued at approximately $1,015,000.

Other institutional investors have also recently modified their holdings of the company. NBT Bank N.A. acquired a new stake in ExxonMobil during the 3rd quarter worth $26,000. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the second quarter worth $27,000. Portus Wealth Advisors LLC acquired a new stake in shares of ExxonMobil in the first quarter valued at about $36,000. Atlantic Private Wealth LLC raised its position in shares of ExxonMobil by 776.9% in the first 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 last quarter. Finally, Financial Connections Group Inc. purchased a new position in shares of ExxonMobil in the first quarter worth about $53,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Price Performance

NYSE:XOM 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's fifty day moving average is $165.81 and its two-hundred day moving average is $152.82. The company 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. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analysts' expectations 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 prior year, the company posted $1.64 earnings per share. Equities analysts expect that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XOM. Wall Street Zen upgraded shares of ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen increased their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the company a "buy" rating in a report on Monday, September 28th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $178.00 price objective on shares of ExxonMobil in a report on Tuesday, October 20th. Barclays raised their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. Finally, DZ Bank cut ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.70.

ExxonMobil News Roundup

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 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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