9,251 ExxonMobil Corporation $XOM Shares Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its ExxonMobil position by 10.2% in the third quarter, purchasing 9,251 shares and bringing its total holdings to 99,930 shares valued at approximately $16.3 million.
• Institutional investors and hedge funds own 61.8% of ExxonMobil’s stock, with several other investment firms also raising their stakes recently.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $167.70. ExxonMobil recently traded near its 52-week high, while paying a quarterly dividend of $1.03 per share, equivalent to a 2.2% yield.

Simplicity Wealth LLC lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 10.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 99,930 shares of the oil and gas company's stock after acquiring an additional 9,251 shares during the period. Simplicity Wealth LLC's holdings in ExxonMobil were worth $16,264,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. WP Advisors LLC lifted its position in ExxonMobil by 3.0% during the 3rd quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company's stock worth $353,000 after acquiring an additional 63 shares during the period. Avant Capital LLC increased its holdings in shares of ExxonMobil by 0.6% in the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock valued at $1,529,000 after purchasing an additional 65 shares during the period. Impact Partnership Wealth LLC increased its holdings in shares of ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock valued at $2,039,000 after purchasing an additional 67 shares during the period. Core Wealth Advisors Inc. raised its stake in shares of ExxonMobil by 1.0% in the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after purchasing an additional 68 shares during the last quarter. Finally, Brown Shipley& Co Ltd raised its stake in shares of ExxonMobil by 5.4% in the first quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company's stock worth $227,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. TD Cowen upped their target price on ExxonMobil from $168.00 to $180.00 and gave the company a "buy" rating in a research report on Monday, September 28th. Mizuho cut their price target on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. BNP Paribas Exane decreased their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating for the company in a research note on Friday, July 17th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.70.

Trending Headlines about ExxonMobil

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 Trading Up 0.7%

Shares of ExxonMobil stock opened at $184.41 on Tuesday. The company has a market cap of $764.39 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The firm has a 50-day simple moving average of $165.81 and a two-hundred day simple moving average of $152.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $184.59.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, equities analysts predict that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

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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