Diversify Advisory Services LLC Acquires 9,881 Shares of ExxonMobil Corporation $XOM

Key Points

• Diversify Advisory Services increased its ExxonMobil stake by 9.3% in the third quarter, adding 9,881 shares and bringing its holdings to 116,330 shares valued at approximately $20.3 million.
• ExxonMobil shares traded near their 12-month high at $178.14, while institutional investors owned 61.8% of the company. The stock has a “Moderate Buy” consensus rating, with an average analyst price target of $167.70.
• The company reported quarterly revenue above expectations but slightly missed on earnings, posting $3.52 EPS versus the $3.56 consensus estimate. ExxonMobil also paid a quarterly dividend of $1.03, equivalent to a 2.3% annualized yield.

Diversify Advisory Services LLC increased its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,330 shares of the oil and gas company's stock after purchasing an additional 9,881 shares during the quarter. Diversify Advisory Services LLC's holdings in ExxonMobil were worth $20,321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Aventus Investment Advisors Inc. acquired a new stake in ExxonMobil in the second quarter valued at approximately $27,000. Portus Wealth Advisors LLC purchased a new stake in shares of ExxonMobil in the first quarter valued at approximately $36,000. Atlantic Private Wealth LLC raised its stake in shares of ExxonMobil by 776.9% during the 1st 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 during the period. Financial Connections Group Inc. acquired a new position in shares of ExxonMobil during the 1st quarter worth approximately $53,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in shares of ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company's stock worth $55,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

ExxonMobil Trading Up 0.2%

Shares of ExxonMobil stock opened at $178.14 on Thursday. 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 twelve month low of $112.51 and a twelve month high of $180.26. The firm has a market capitalization of $738.39 billion, a PE ratio of 22.93, a P/E/G ratio of 1.04 and a beta of 0.21. The firm's 50-day moving average price is $164.95 and its 200 day moving average price is $154.77.

ExxonMobil (NYSE:XOM - Get Free Report) last posted 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 return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. During the same quarter last year, the firm posted $1.64 earnings per share. On average, sell-side analysts predict that ExxonMobil Corporation will post 12.46 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. 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 report on Monday, August 17th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $180.00 price target (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. BNP Paribas Exane reduced their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating for the company in a research report on Friday, July 17th. Finally, TD Cowen upped their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $167.70.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

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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