ExxonMobil Corporation $XOM Shares Newly Purchased by Waldron Private Wealth LLC

Key Points

• Waldron Private Wealth LLC initiated a position in ExxonMobil during the third quarter, purchasing 28,834 shares valued at about $4.7 million. Institutional investors collectively own 61.8% of the company’s stock.
• ExxonMobil beat quarterly estimates, reporting earnings of $4.23 per share versus a $4.12 consensus and revenue of $110.5 billion versus $104.89 billion expected. The company also raised its quarterly dividend from $1.03 to $1.07 per share.
• Analysts’ consensus rating is Hold, with an average price target of $170.38; shares were recently trading at $165.81.

Waldron Private Wealth LLC acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,834 shares of the oil and gas company's stock, valued at approximately $4,693,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBT Bank N.A. bought a new position in ExxonMobil in the 3rd quarter valued at $26,000. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil in the 2nd quarter worth about $27,000. Atlantic Private Wealth LLC boosted its holdings in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after buying an additional 202 shares during the last quarter. Pioneer Family Office LLC purchased a new position in shares of ExxonMobil in the 3rd quarter worth about $42,000. Finally, Financial Connections Group Inc. bought a new position in ExxonMobil during the first quarter valued at about $53,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

ExxonMobil Stock Performance

Shares of ExxonMobil stock traded up $0.51 during trading hours on Friday, reaching $165.81. The company had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. The firm has a market cap of $687.28 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. ExxonMobil Corporation has a one year low of $114.19 and a one year high of $188.50. 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 business has a fifty day simple moving average of $168.83 and a 200 day simple moving average of $155.41.

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

ExxonMobil Increases Dividend

The company also recently declared 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 an increase from ExxonMobil's previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil's dividend payout ratio (DPR) is presently 42.34%.

Analysts Set New Price Targets

A number of research firms recently issued reports on XOM. HSBC restated a "hold" rating and set a $90.00 price objective on shares of ExxonMobil in a report on Friday, September 25th. Wells Fargo & Company raised their target price on ExxonMobil from $182.00 to $189.00 and gave the stock an "equal weight" rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. boosted their target price on ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Finally, Bank of America cut ExxonMobil from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $170.38.

More 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

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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