ExxonMobil Corporation $XOM Stock: Asset Management One Co. Ltd. Raises Position

Key Points

• Asset Management One increased its ExxonMobil stake by 0.8% in the third quarter, bringing its holdings to 1.96 million shares valued at approximately $318.2 million. Institutional investors collectively own 61.8% of XOM.
• Higher crude prices are expected to support ExxonMobil’s upcoming earnings, while investors anticipate a potential dividend increase and see additional support from refining operations and Guyana production.
• XOM shares opened at $183.15, near their 52-week high of $184.88. Analysts maintain a “Moderate Buy” consensus, though views vary, with a consensus price target of $167.70.

Asset Management One Co. Ltd. raised its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,955,013 shares of the oil and gas company's stock after purchasing an additional 15,933 shares during the period. ExxonMobil accounts for about 0.8% of Asset Management One Co. Ltd.'s investment portfolio, making the stock its 20th largest position. Asset Management One Co. Ltd.'s holdings in ExxonMobil were worth $318,178,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NBT Bank N.A. acquired a new position in ExxonMobil in the third quarter worth about $26,000. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil in the 2nd quarter worth approximately $27,000. Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil during the 1st quarter worth approximately $36,000. Atlantic Private Wealth LLC lifted its position in shares of ExxonMobil by 776.9% during 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 period. Finally, Financial Connections Group Inc. acquired a new stake in ExxonMobil in the 1st quarter valued at $53,000. Institutional investors own 61.80% of the company's stock.

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 Price Performance

Shares of XOM opened at $183.15 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a 50 day simple moving average of $167.35 and a 200 day simple moving average of $154.04. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.88. The firm has a market capitalization of $759.15 billion, a PE ratio of 23.57, a P/E/G ratio of 0.91 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period in the previous year, the company posted $1.64 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 13.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XOM shares. DZ Bank cut ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. 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. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Finally, Jefferies Financial Group lifted their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.70.

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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