ExxonMobil Corporation $XOM Shares Newly Purchased by Flagship Wealth Advisors LLC

Key Points

• Flagship Wealth Advisors opened a new ExxonMobil position in the third quarter, buying 10,602 shares valued at approximately $1.73 million. Other institutions also added or initiated stakes; institutional investors own 61.8% of the company.
• ExxonMobil beat quarterly estimates, reporting EPS of $4.23 versus $4.12 expected and revenue of $110.5 billion versus $104.89 billion expected.
• The company raised its quarterly dividend from $1.03 to $1.07 per share. Analyst views were mixed, with the stock carrying an overall “Hold” rating and an average price target of $170.38.

Flagship Wealth Advisors LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,602 shares of the oil and gas company's stock, valued at approximately $1,726,000.

A number of other institutional investors have also modified their holdings of XOM. Merkkuri Wealth Advisors LLC acquired a new position in ExxonMobil during the 3rd quarter valued at about $894,000. Spectrum Advisors Inc. bought a new stake in shares of ExxonMobil during the third quarter valued at approximately $321,000. United Advisor Group LLC bought a new stake in shares of ExxonMobil during the third quarter valued at approximately $6,154,000. Prudent Man Investment Management Inc. boosted its position in shares of ExxonMobil by 7.8% during the third quarter. Prudent Man Investment Management Inc. now owns 1,745 shares of the oil and gas company's stock worth $284,000 after buying an additional 127 shares during the period. Finally, Plancorp LLC boosted its position in shares of ExxonMobil by 34.4% during the third quarter. Plancorp LLC now owns 51,117 shares of the oil and gas company's stock worth $8,319,000 after buying an additional 13,092 shares during the period. Institutional investors own 61.80% of the company's stock.

ExxonMobil Price Performance

XOM traded up $0.51 during trading on Friday, reaching $165.81. The stock had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. The firm has a market capitalization of $687.28 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The stock has a 50 day moving average of $168.83 and a two-hundred day moving average of $155.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. During the same period last year, the company posted $1.88 EPS. As a group, equities analysts anticipate that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. ExxonMobil's payout ratio is 42.34%.

Key ExxonMobil News

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XOM shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $178.00 price objective on shares of ExxonMobil in a report on Tuesday, October 20th. HSBC reiterated a "hold" rating and set a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. Zacks Research raised ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. UBS Group raised their price target on ExxonMobil from $199.00 to $213.00 and gave the company a "buy" rating in a report on Monday, November 2nd. Finally, JPMorgan Chase & Co. lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $170.38.

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.

ExxonMobil serves customers and operates in markets around the world.

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