AIA Group Ltd Sells 35,274 Shares of ExxonMobil Corporation $XOM

Key Points

• AIA Group cut its ExxonMobil stake by 35.7% in the third quarter, selling 35,274 shares and retaining 63,668 shares valued at about $10.36 million.
• ExxonMobil reported quarterly EPS of $4.23, topping the $4.12 estimate, and revenue of $110.5 billion, also above forecasts. It raised its quarterly dividend from $1.03 to $1.07 per share.
• Analyst sentiment remains broadly positive: MarketBeat reports a Moderate Buy consensus rating and a $168.70 average price target.

AIA Group Ltd lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 35.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 63,668 shares of the oil and gas company's stock after selling 35,274 shares during the period. AIA Group Ltd's holdings in ExxonMobil were worth $10,362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Assetmark Inc. boosted its position in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after purchasing an additional 37,666 shares during the period. Charles Schwab Trust Co increased its position in ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock worth $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC lifted its stake in ExxonMobil by 126.7% in the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock valued at $1,584,000 after buying an additional 6,478 shares during the last quarter. Midwest Trust Co lifted its stake in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock valued at $120,623,000 after buying an additional 26,411 shares during the last quarter. Finally, Argentarii LLC purchased a new stake in ExxonMobil in the third quarter valued at approximately $3,929,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of ExxonMobil from $199.00 to $213.00 and gave the company a "buy" rating in a report on Monday. Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Argus lifted their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of ExxonMobil from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.70.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon beat third-quarter earnings expectations, with adjusted EPS of $4.23. Refining strength, improved margins and record downstream utilization helped offset weaker upstream earnings. How Investors Are Reacting To ExxonMobil Stock Earnings
• Positive Sentiment: Investors are also receiving substantial cash returns: Exxon raised its quarterly dividend to $1.07 per share and increased its share-repurchase authorization to $110 billion. UBS raised its price target to $213 and kept a Buy rating after the results. UBS raises ExxonMobil price target
• Positive Sentiment: XOM’s move above its 200-day moving average is a technical signal some investors view as supportive of a longer-term uptrend. The company also took a 50% stake in Mozambique LNG, adding to its long-term growth opportunities. ExxonMobil crosses its 200-day moving average
• Neutral Sentiment: Oil traders are weighing conflicting signals about U.S.-Iran tensions and the possibility of a deal. Any change in perceived supply risk could move crude prices—and Exxon’s upstream outlook—in either direction. Report on U.S.-Iran tensions and oil markets
• Negative Sentiment: After a strong run, XOM’s valuation is considered elevated, leaving less room for disappointment. Upstream earnings declined sequentially, and lower crude prices could add pressure; the retreat from recent highs suggests investors are taking profits and reassessing how much good news is already priced in. ExxonMobil stock valuation and outlook

ExxonMobil Stock Performance

Shares of XOM stock opened at $177.50 on Wednesday. The stock has a 50 day simple moving average of $168.33 and a 200-day simple moving average of $154.86. The company has a market cap of $735.72 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $188.50.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period in the previous year, the firm earned $1.88 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a dividend of $1.07 per share. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil's payout ratio is presently 42.34%.

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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