ExxonMobil Corporation $XOM Shares Acquired by Fisher Asset Management LLC

Key Points

• Fisher Asset Management increased its ExxonMobil stake by 1.5%, buying 465,409 shares in the third quarter to hold 31.9 million shares valued at about $5.2 billion.
• ExxonMobil reported quarterly earnings of $4.23 per share, beating estimates of $4.12, and revenue of $110.5 billion, also above expectations.
• The company raised its quarterly dividend from $1.03 to $1.07 per share. Analysts’ consensus rating was “Hold,” with an average price target of $170.54.

Fisher Asset Management LLC boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,933,523 shares of the oil and gas company's stock after purchasing an additional 465,409 shares during the quarter. ExxonMobil accounts for approximately 1.5% of Fisher Asset Management LLC's holdings, making the stock its 17th biggest position. Fisher Asset Management LLC owned 0.78% of ExxonMobil worth $5,197,181,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GQG Partners LLC grew its position in ExxonMobil by 153.3% in the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock worth $2,307,497,000 after purchasing an additional 10,214,420 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of ExxonMobil during the 1st quarter worth about $766,345,000. Dimensional Fund Advisors LP raised its position in shares of ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock valued at $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. Fifth Third Bancorp raised its position in shares of ExxonMobil by 63.3% during the first quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company's stock valued at $571,996,000 after buying an additional 1,307,465 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ExxonMobil in the third quarter valued at about $201,518,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Wall Street Zen upgraded ExxonMobil from a "hold" rating to a "buy" rating in a research note on Saturday, November 7th. Freedom Broker upped their price target on ExxonMobil from $142.00 to $162.00 and gave the company a "hold" rating in a report on Friday, November 6th. DZ Bank cut 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 ExxonMobil from $158.00 to $185.00 and gave the stock 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $170.54.

ExxonMobil Trading Up 1.8%

Shares of ExxonMobil stock opened at $169.78 on Friday. The firm has a market capitalization of $692.55 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.83 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. The company's fifty day moving average price is $169.21 and its two-hundred day moving average price is $156.06. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50.

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

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 2.5%. ExxonMobil's payout ratio is presently 42.34%.

Trending Headlines about ExxonMobil

Here are a few of the latest headlines about XOM:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil's Upstream Business?
• Neutral Sentiment: The company signed a non-binding agreement to evaluate seven areas in Venezuela for possible oil and gas projects. This offers potential longer-term opportunity, but no development commitment or production benefit is established yet. Article: Exxon assessing 7 areas in Venezuela for possible energy projects
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

About ExxonMobil

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.

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