ExxonMobil Corporation $XOM Shares Newly Acquired by MADDEN SECURITIES Corp

Key Points

• MADDEN SECURITIES Corp acquired 23,617 ExxonMobil shares in the third quarter, worth approximately $3.84 million and representing about 1% of its portfolio.
• Several institutional investors increased their ExxonMobil holdings, and institutional investors and hedge funds now own 61.8% of the company’s stock.
• ExxonMobil shares opened at $183.15, near their 52-week high, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $167.70; the company’s latest quarterly revenue exceeded estimates, though EPS slightly missed expectations.

MADDEN SECURITIES Corp purchased a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,617 shares of the oil and gas company's stock, valued at approximately $3,844,000. ExxonMobil makes up approximately 1.0% of MADDEN SECURITIES Corp's portfolio, making the stock its 27th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of ExxonMobil by 8.3% in the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co increased its position in ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock worth $16,710,000 after buying an additional 97,424 shares in the last quarter. CV Advisors LLC increased its position in ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock worth $1,584,000 after purchasing an additional 6,478 shares in the last quarter. Midwest Trust Co increased its position in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock worth $120,623,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in ExxonMobil by 13.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company's stock worth $34,648,000 after purchasing an additional 30,423 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil Price Performance

NYSE XOM opened at $183.15 on Friday. The stock's 50-day moving average price is $167.35 and its two-hundred day moving average price is $154.04. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The company has a market cap of $759.15 billion, a PE ratio of 23.57, a PEG ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $184.88.

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 analysts' consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. During the same period in the prior year, the company posted $1.64 earnings per share. On average, analysts predict that ExxonMobil Corporation will post 13.61 EPS for the current year.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Zacks Research raised shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Wall Street Zen upgraded shares of ExxonMobil from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. BNP Paribas Exane cut 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 company a "buy" rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, ExxonMobil has a consensus 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: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

ExxonMobil 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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