ExxonMobil Corporation $XOM Stock: Plancorp LLC Boosts Holdings

Key Points

• Plancorp LLC increased its ExxonMobil stake by 34.4% in the third quarter, adding 13,092 shares to reach 51,117 shares valued at $8.3 million. Institutional investors collectively own 61.8% of the company.
• Analysts’ consensus rating is Hold, with an average price target of $170.38; 11 analysts rate the stock Buy, 14 Hold, and one Sell.
• ExxonMobil beat quarterly earnings and revenue estimates, reporting $4.23 per share and $110.5 billion in revenue. It also raised its quarterly dividend from $1.03 to $1.07 per share.

Plancorp LLC boosted its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 34.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,117 shares of the oil and gas company's stock after acquiring an additional 13,092 shares during the quarter. Plancorp LLC's holdings in ExxonMobil were worth $8,319,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in ExxonMobil by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the period. Amundi lifted its stake in shares of ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock worth $4,158,563,000 after acquiring an additional 1,192,386 shares during the period. GQG Partners LLC boosted its holdings in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the last quarter. Swiss National Bank increased its position in ExxonMobil by 5.9% during the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock valued at $2,099,783,000 after purchasing an additional 693,800 shares during the period. Finally, National Pension Service raised its holdings in ExxonMobil by 1.8% during the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock worth $1,321,265,000 after purchasing an additional 166,268 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, September 3rd. Royal Bank Of Canada restated a "sector perform" rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. BNP Paribas Exane cut their price target on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a research report on Friday, July 17th. DZ Bank lowered ExxonMobil from a "hold" rating to a "sell" rating and set a $170.00 price objective for the company. in a research report on Wednesday. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $178.00 target price on shares of ExxonMobil in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of "Hold" and a consensus target price of $170.38.

ExxonMobil News Roundup

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

ExxonMobil Stock Up 0.3%

Shares of ExxonMobil stock traded up $0.51 during trading on Friday, reaching $165.81. 15,867,839 shares of the company traded hands, compared to its average volume of 12,226,232. The firm has a market capitalization of $687.28 billion, a PE ratio of 17.04, a P/E/G ratio of 0.90 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The company has a 50 day moving average price of $168.83 and a 200-day moving average price of $155.41. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

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

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's dividend payout ratio (DPR) is 42.34%.

ExxonMobil Profile

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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