ExxonMobil Corporation $XOM Holdings Boosted by Asset One Wealth Management LLC

Key Points

• Asset One Wealth Management increased its ExxonMobil stake by 179.8% in the third quarter, ending the period with 26,700 shares valued at about $4.35 million. Institutional investors own 61.8% of the company’s stock.
• ExxonMobil beat quarterly earnings and revenue expectations, reporting EPS of $4.23 and revenue of $110.5 billion. The company also raised its quarterly dividend from $1.03 to $1.07 per share, equivalent to a 2.6% yield.
• Analysts’ consensus rating is Hold, with an average price target of $170.38; shares recently opened at $165.81. News cited in the article includes a DZ Bank downgrade, alongside bullish analyst views and potential new Guyana supply from the Uaru project.

Asset One Wealth Management LLC increased its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 179.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,700 shares of the oil and gas company's stock after acquiring an additional 17,159 shares during the period. Asset One Wealth Management LLC's holdings in ExxonMobil were worth $4,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Heritage Family Offices LLP boosted its position in shares of ExxonMobil by 14.4% in the 3rd quarter. Heritage Family Offices LLP now owns 7,701 shares of the oil and gas company's stock worth $1,253,000 after purchasing an additional 968 shares in the last quarter. Allegiance Financial Group Advisory Services LLC purchased a new position in ExxonMobil during the third quarter valued at $1,300,000. Waldron Private Wealth LLC acquired a new stake in shares of ExxonMobil during the third quarter valued at about $4,693,000. Calamos Wealth Management LLC lifted its position in shares of ExxonMobil by 1.9% during the 3rd quarter. Calamos Wealth Management LLC now owns 44,896 shares of the oil and gas company's stock worth $7,307,000 after purchasing an additional 850 shares during the last quarter. Finally, Calamos Advisors LLC increased its position in ExxonMobil by 1.5% in the 3rd quarter. Calamos Advisors LLC now owns 1,153,410 shares of the oil and gas company's stock valued at $187,717,000 after acquiring an additional 17,544 shares during the period. Institutional investors own 61.80% of the company's stock.

Trending Headlines about ExxonMobil

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 Up 0.3%

Shares of ExxonMobil stock opened at $165.81 on Friday. 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 twelve month low of $114.19 and a twelve month high of $188.50. The stock has a market capitalization of $687.28 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.90 and a beta of 0.16. The business's 50 day simple moving average is $168.83 and its 200-day simple moving average is $155.41.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The business had revenue of $110.50 billion for the quarter, compared to analysts' expectations of $104.89 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Equities research analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. ExxonMobil's dividend payout ratio is currently 42.34%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XOM shares. Freedom Broker lifted their price target on shares of ExxonMobil from $142.00 to $162.00 and gave the stock a "hold" rating in a research note on Friday. Argus upped their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $178.00 price target on shares of ExxonMobil in a research note on Tuesday, October 20th. BNP Paribas Exane dropped their price objective on ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $170.38.

ExxonMobil 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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