Boston Trust Walden Corp Makes New Investment in ExxonMobil Corporation $XOM

Key Points

• Boston Trust Walden opened a substantial ExxonMobil position in the third quarter, buying 468,722 shares valued at approximately $76.3 million. Institutional investors collectively own 61.8% of the company’s stock.
• ExxonMobil beat quarterly earnings and revenue estimates, reporting EPS of $4.23 and revenue of $110.5 billion. It also raised its quarterly dividend from $1.03 to $1.07 per share.
• Analyst sentiment is mixed: several firms raised price targets, but the consensus rating remains “Hold”; the article also cites oil-price concerns as a potential earnings headwind.

Boston Trust Walden Corp bought a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 468,722 shares of the oil and gas company's stock, valued at approximately $76,285,000.

A number of other large investors have also recently added to or reduced their stakes in XOM. NBT Bank N.A. bought a new stake in shares of ExxonMobil in the third quarter valued at about $26,000. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil during the second quarter worth about $27,000. Atlantic Private Wealth LLC grew its holdings in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after buying an additional 202 shares in the last quarter. Pioneer Family Office LLC bought a new position in shares of ExxonMobil during the third quarter worth about $42,000. Finally, Financial Connections Group Inc. bought a new position in shares of ExxonMobil during the first quarter worth about $53,000. Institutional investors own 61.80% of the company's stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts raised price targets: TD Cowen lifted its target to $193 and maintained a buy rating; Citigroup raised its target to $175 but kept a neutral rating. TD Cowen price target article
• Positive Sentiment: Refining investment could support future cash flow: Exxon plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output and improved efficiency. Diesel expansion article
• Positive Sentiment: Recent operating performance has been strong: Reports highlighted refining strength, cost discipline, a higher dividend and substantial buybacks, which may help support shareholder returns. ExxonMobil and Chevron results article
• Neutral Sentiment: Analyst views remain mixed: While some firms raised targets, DZ Bank downgraded Exxon to sell with a $170 target, reflecting limited perceived upside at the cited share price. DZ Bank rating information
• Negative Sentiment: Oil-price concerns are a key headwind: A CNBC trader argued that inflation pressures have eased and oil may not return to $100; reports of unsold crude cargoes also suggest physical-market demand is softening. Lower oil prices can reduce Exxon’s upstream earnings. Oil-price outlook article Physical oil market article
• Negative Sentiment: Cash-flow coverage may be a concern: One report said cash generation exceeded shareholder payments, leaving scope for balance-sheet repair and highlighting Exxon’s exposure to commodity swings. Cash generation and shareholder payments article

ExxonMobil Trading Down 4.5%

Shares of NYSE:XOM opened at $169.52 on Thursday. The company's 50-day moving average price is $168.50 and its two-hundred day moving average price is $155.06. ExxonMobil Corporation has a one year low of $113.64 and a one year high of $188.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The stock has a market capitalization of $702.64 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.87 and a beta of 0.16.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to analysts' expectations of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter last year, the company earned $1.88 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 13.54 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. Investors of record on Monday, November 16th will be issued a dividend of $1.07 per share. The ex-dividend date is Monday, November 16th. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.5%. ExxonMobil's dividend payout ratio is currently 43.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XOM. TD Cowen lifted their target price on ExxonMobil from $180.00 to $193.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. UBS Group raised their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Barclays lifted their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $170.74.

About ExxonMobil

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.