ExxonMobil Corporation $XOM Shares Newly Bought by Brucke Financial Inc.

Key Points

• Brucke Financial bought 9,314 ExxonMobil shares worth approximately $1.52 million in the third quarter, while institutional investors collectively own 61.8% of the stock.
• ExxonMobil shares opened at $184.41, near their 12-month high of $184.59, and the company pays a quarterly dividend of $1.03, equivalent to a 2.2% yield.
• Analyst sentiment is moderately bullish, with an average “Moderate Buy” rating and a $167.70 target price; Barclays raised its target to $200, though falling crude prices could pressure upstream earnings.

Brucke Financial Inc. bought a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,314 shares of the oil and gas company's stock, valued at approximately $1,516,000.

Other large investors have also added to or reduced their stakes in the company. Atlas Private Wealth Advisors grew its position in ExxonMobil by 3.6% during the 3rd quarter. Atlas Private Wealth Advisors now owns 2,971 shares of the oil and gas company's stock worth $484,000 after purchasing an additional 104 shares during the last quarter. Norris Perne & French LLP MI acquired a new position in ExxonMobil during the 3rd quarter valued at approximately $2,115,000. Signaturefd LLC increased its stake in ExxonMobil by 5.1% during the 3rd quarter. Signaturefd LLC now owns 107,693 shares of the oil and gas company's stock valued at $17,527,000 after purchasing an additional 5,241 shares in the last quarter. BG Investment Services LLC raised its holdings in shares of ExxonMobil by 2,749.7% in the third quarter. BG Investment Services LLC now owns 62,067 shares of the oil and gas company's stock worth $10,101,000 after buying an additional 59,889 shares during the last quarter. Finally, Morton Capital Management LLC CA raised its holdings in shares of ExxonMobil by 0.8% in the third quarter. Morton Capital Management LLC CA now owns 10,262 shares of the oil and gas company's stock worth $1,670,000 after buying an additional 78 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Price Performance

NYSE:XOM opened at $184.41 on Tuesday. The stock has a 50 day moving average of $165.81 and a two-hundred day moving average of $152.82. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $184.59. The firm has a market cap of $764.39 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. 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 (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the business earned $1.64 EPS. On average, analysts expect that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's dividend payout ratio is currently 53.02%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon's $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $178.00 price objective on shares of ExxonMobil in a report on Tuesday, October 20th. Barclays raised their target price on ExxonMobil from $177.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, October 19th. JPMorgan Chase & Co. lifted their price target on ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Weiss Ratings raised ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. Finally, Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $167.70.

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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