8,047 Shares of ExxonMobil Corporation $XOM Purchased by Financial Insights Inc.

Key Points

• Financial Insights Inc. purchased 8,047 ExxonMobil shares worth approximately $1.31 million in the third quarter. Institutional investors collectively own 61.8% of XOM.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $167.70, although several firms maintain “Hold” or “Neutral” ratings.
• ExxonMobil shares opened at $183.15, near their 12-month high of $184.88. The company reported quarterly revenue above expectations but narrowly missed consensus earnings estimates, posting $3.52 in EPS versus $3.56 expected.

Financial Insights Inc. purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,047 shares of the oil and gas company's stock, valued at approximately $1,310,000.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of ExxonMobil by 5.7% during the 1st 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 last quarter. Amundi raised its stake 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 raised 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 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 during the last quarter. Finally, National Pension Service grew its stake in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock worth $1,321,265,000 after buying an additional 166,268 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. The Goldman Sachs Group restated a "neutral" rating and issued a $178.00 target price on shares of ExxonMobil in a report on Tuesday, October 20th. Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and increased their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Freedom Capital upgraded ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Finally, HSBC restated a "hold" rating and set a $90.00 price objective on shares of ExxonMobil in a research report on Friday, September 25th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $167.70.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

ExxonMobil Price Performance

ExxonMobil stock opened at $183.15 on Friday. The firm has a 50-day moving average price of $167.35 and a 200-day moving average price of $154.04. The firm has a market capitalization of $759.15 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $184.88.

ExxonMobil (NYSE:XOM - Get Free Report) last released 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 firm 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 period in the prior year, the firm posted $1.64 earnings per share. As a group, equities research analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current year.

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.

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