ExxonMobil Corporation $XOM Stock Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management increased its ExxonMobil stake by 10.4% in the third quarter, bringing its holdings to 91,684 shares valued at approximately $14.9 million. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil shares opened at $183.15, near their 52-week high of $184.88, with the stock up significantly above its 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $167.70, although recent ratings range from “Strong Buy” to “Hold.” Higher crude prices are also raising expectations for stronger earnings and a potential dividend increase.

Generali Asset Management SPA SGR raised its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,684 shares of the oil and gas company's stock after acquiring an additional 8,659 shares during the period. Generali Asset Management SPA SGR's holdings in ExxonMobil were worth $14,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GQG Partners LLC increased its stake in ExxonMobil by 153.3% during the 2nd 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 purchasing an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC purchased a new position in ExxonMobil in the first quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership purchased a new position in ExxonMobil in the first quarter worth about $766,345,000. Diamant Asset Management Inc. raised its holdings in ExxonMobil by 17,312.4% in the first quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company's stock worth $370,514,000 after buying an additional 2,171,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of ExxonMobil by 5.7% in the first 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 in the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Price Performance

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 market capitalization of $759.15 billion, a P/E ratio of 23.57, a P/E/G ratio of 0.91 and a beta of 0.21. The company's 50-day simple moving average is $167.35 and its two-hundred day simple moving average is $154.04. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $184.88.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly 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). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. During the same period in the previous year, the business earned $1.64 EPS. As a group, analysts predict that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil News Summary

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research upgraded shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Wells Fargo & Company lowered shares of ExxonMobil from an "overweight" rating to an "equal weight" rating and set a $182.00 price objective for the company. in a report on Thursday, October 1st. Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Jefferies Financial Group upped their price objective on ExxonMobil from $184.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Barclays increased their target price on ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of "Moderate Buy" and an average target price of $167.70.

ExxonMobil 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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