University of Texas Texas AM Investment Management Co. Sells 34,000 Shares of ExxonMobil Corporation $XOM

Key Points

• University of Texas Texas A&M Investment Management Co. cut its ExxonMobil stake by 90.1%, selling 34,000 shares in the third quarter and ending with 3,751 shares valued at about $610,000.
• Analyst sentiment was mixed, with a consensus “Hold” rating and an average price target of $170.38; institutional investors owned 61.8% of the stock.
• ExxonMobil beat quarterly earnings and revenue estimates, reporting EPS of $4.23 and revenue of $110.5 billion. It also raised its quarterly dividend from $1.03 to $1.07 per share.

University of Texas Texas AM Investment Management Co. lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 90.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,751 shares of the oil and gas company's stock after selling 34,000 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in ExxonMobil were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CPA Asset Management Group LLC raised its stake in ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company's stock worth $561,000 after buying an additional 60 shares during the period. DecisionMap Wealth Management LLC grew its stake in ExxonMobil by 2.2% in the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company's stock valued at $474,000 after acquiring an additional 62 shares during the period. WP Advisors LLC grew its stake in 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 acquiring an additional 63 shares during the period. Avant Capital LLC grew its stake in 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 acquiring an additional 65 shares during the period. Finally, Core Wealth Advisors Inc. increased its holdings in shares of 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 valued at $1,155,000 after acquiring an additional 68 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. HSBC reaffirmed a "hold" rating and set a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. Weiss Ratings raised shares of ExxonMobil from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday. Argus boosted their price target on shares of ExxonMobil from $169.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Wells Fargo & Company boosted their price target on shares of ExxonMobil from $182.00 to $189.00 and gave the company an "equal weight" rating in a research note on Monday, November 2nd. Finally, William Blair initiated coverage on shares of ExxonMobil in a report on Wednesday, October 28th. They set a "market perform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ExxonMobil currently has a consensus rating of "Hold" and a consensus target price of $170.38.

More ExxonMobil News

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 Price Performance

XOM stock opened at $165.81 on Monday. The company has a market capitalization of $676.38 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50. The business has a 50-day simple moving average of $168.83 and a two-hundred day simple moving average of $155.41.

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

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. ExxonMobil's payout ratio is presently 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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