ExxonMobil Corporation $XOM Stock: Citizens Financial Group Inc. RI Raises Holdings

Citizens Financial Group Inc. RI boosted its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 591.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,478 shares of the oil and gas company's stock after acquiring an additional 193,732 shares during the quarter. Citizens Financial Group Inc. RI's holdings in ExxonMobil were worth $36,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WP Advisors LLC raised its holdings in shares of ExxonMobil by 3.0% in the 3rd quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company's stock valued at $353,000 after purchasing an additional 63 shares during the period. Avant Capital LLC lifted its stake in ExxonMobil by 0.6% in the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock valued at $1,529,000 after purchasing an additional 65 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake in ExxonMobil by 0.6% in the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company's stock valued at $2,039,000 after purchasing an additional 67 shares during the last quarter. Core Wealth Advisors Inc. lifted its stake in ExxonMobil by 1.0% in the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock valued at $1,155,000 after purchasing an additional 68 shares during the last quarter. Finally, Brown Shipley& Co Ltd grew its holdings 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 purchasing an additional 69 shares during the period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. HSBC restated a "hold" rating and issued a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. DZ Bank cut ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a research report on Tuesday, August 4th. Morgan Stanley lifted their target price on ExxonMobil from $177.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, October 15th. Finally, Barclays boosted their target price on ExxonMobil from $177.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $167.70.

ExxonMobil Stock Performance

NYSE XOM opened at $184.41 on Tuesday. The firm has a 50-day moving average of $165.81 and a 200-day moving average of $152.82. 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 market cap of $764.39 billion, a PE ratio of 23.73, a P/E/G ratio of 0.92 and a beta of 0.21. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.59.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company 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 firm posted $1.64 EPS. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.2%. ExxonMobil's dividend payout ratio (DPR) is 53.02%.

ExxonMobil News Roundup

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

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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