Beverly Hills Private Wealth LLC Buys New Position in ExxonMobil Corporation $XOM

Key Points

• Beverly Hills Private Wealth LLC acquired 21,392 ExxonMobil shares in the third quarter, valued at approximately $3.48 million. Institutional investors and hedge funds collectively own 61.8% of the company.
• ExxonMobil reported quarterly EPS of $4.23, exceeding the $4.12 consensus estimate, and revenue of $110.5 billion, also above expectations.
• The company raised its quarterly dividend from $1.03 to $1.07 per share, equivalent to $4.28 annually and a 2.6% yield. Analyst views were mixed, with a consensus rating of Hold.

Beverly Hills Private Wealth LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,392 shares of the oil and gas company's stock, valued at approximately $3,482,000.

Other institutional investors have also modified their holdings of the company. NBT Bank N.A. acquired a new stake in shares of ExxonMobil during the third quarter worth $26,000. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil in the 2nd quarter valued at $27,000. Atlantic Private Wealth LLC increased its stake in 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. Pioneer Family Office LLC acquired a new position in ExxonMobil in the 3rd quarter valued at $42,000. Finally, Financial Connections Group Inc. acquired a new position in ExxonMobil in the 1st quarter valued at $53,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

ExxonMobil Stock Down 0.0%

ExxonMobil stock opened at $165.81 on Monday. The stock's 50 day moving average price is $168.83 and its 200 day moving average price is $155.41. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The company has a market cap of $676.38 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion during the quarter, compared to analysts' expectations of $104.89 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 16th. This is an increase from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's payout ratio is presently 42.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of ExxonMobil from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday. Zacks Research raised shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Jefferies Financial Group boosted their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. DZ Bank cut shares of ExxonMobil from a "hold" rating to a "sell" rating and set a $170.00 price target for the company. in a report on Wednesday, November 4th. Finally, Piper Sandler raised their price objective on shares of ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $170.38.

ExxonMobil Company Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company's products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.

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