ExxonMobil Corporation $XOM Stake Increased by Bernardo Wealth Planning LLC

Key Points

• Bernardo Wealth Planning LLC more than doubled its ExxonMobil stake in the third quarter, adding 6,750 shares to hold 12,918 shares valued at approximately $2.1 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil benefits from positive catalysts including an expected $4.5 billion refining earnings boost, strong ETF buying and favorable long-term value assessments, although lower crude prices and rising oil supply could pressure upstream results.
• Analysts give ExxonMobil a “Moderate Buy” consensus with an average price target of $167.70, while the stock trades near its 52-week high at $184.41. The company pays a quarterly dividend of $1.03 per share, representing a 2.2% annualized yield.

Bernardo Wealth Planning LLC raised its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 109.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,918 shares of the oil and gas company's stock after purchasing an additional 6,750 shares during the period. Bernardo Wealth Planning LLC's holdings in ExxonMobil were worth $2,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WP Advisors LLC raised its position in shares of ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company's stock valued at $353,000 after buying an additional 63 shares in the last quarter. Avant Capital LLC boosted its stake in shares of ExxonMobil by 0.6% in the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock valued at $1,529,000 after buying an additional 65 shares during the period. Impact Partnership Wealth LLC boosted its stake in shares of ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock valued at $2,039,000 after buying an additional 67 shares during the period. Core Wealth Advisors Inc. grew its position in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after buying an additional 68 shares in the last quarter. Finally, Brown Shipley& Co Ltd grew its position in ExxonMobil by 5.4% during the first quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company's stock worth $227,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Key Headlines 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

Wall Street Analyst Weigh In

A number of equities analysts have commented on XOM shares. BMO Capital Markets raised their price objective on ExxonMobil from $160.00 to $170.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 12th. Mizuho cut their target price on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group increased their target price on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, August 17th. UBS Group restated a "buy" rating and issued a $199.00 price target on shares of ExxonMobil in a research report on Monday, October 19th. Finally, TD Cowen raised their price target on ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $167.70.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $184.41 on Tuesday. The company's 50 day simple moving average is $165.81 and its 200 day simple moving average is $152.82. The stock has a market capitalization of $764.39 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $184.59.

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). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. ExxonMobil's payout ratio is 53.02%.

About ExxonMobil

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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