ExxonMobil Corporation $XOM Stock Holdings Increased by North Dakota State Investment Board

North Dakota State Investment Board raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,013 shares of the oil and gas company’s stock after buying an additional 4,324 shares during the period. ExxonMobil comprises about 0.8% of North Dakota State Investment Board’s holdings, making the stock its 19th largest position. North Dakota State Investment Board’s holdings in ExxonMobil were worth $20,671,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XOM. North Star Investment Management Corp. boosted its position in shares of ExxonMobil by 2.6% during the 3rd quarter. North Star Investment Management Corp. now owns 59,236 shares of the oil and gas company’s stock worth $9,641,000 after acquiring an additional 1,520 shares in the last quarter. Heritage Wealth Management Inc. CA increased its holdings in shares of ExxonMobil by 2.7% in the 3rd quarter. Heritage Wealth Management Inc. CA now owns 3,327 shares of the oil and gas company’s stock valued at $541,000 after acquiring an additional 86 shares during the last quarter. SpringVest Wealth Management LLC increased its holdings in shares of ExxonMobil by 21.6% in the 3rd quarter. SpringVest Wealth Management LLC now owns 3,223 shares of the oil and gas company’s stock valued at $525,000 after acquiring an additional 573 shares during the last quarter. Financial Insights Inc. acquired a new stake in shares of ExxonMobil during the 3rd quarter worth about $1,310,000. Finally, Convergence Financial LLC raised its position in shares of ExxonMobil by 12.5% during the 3rd quarter. Convergence Financial LLC now owns 5,938 shares of the oil and gas company’s stock worth $966,000 after acquiring an additional 661 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XOM shares. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Citigroup reiterated a “neutral” rating and issued a $175.00 price target (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. Wells Fargo & Company cut shares of ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 price objective on the stock. in a report on Thursday, October 1st. Morgan Stanley boosted their price objective on shares of ExxonMobil from $177.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, UBS Group restated a “buy” rating and set a $199.00 price objective on shares of ExxonMobil in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.70.

ExxonMobil Stock Performance

NYSE XOM opened at $183.15 on Friday. The company has a fifty day moving average of $167.35 and a two-hundred day moving average of $154.04. The company 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 Corporation has a 1 year low of $112.51 and a 1 year high of $184.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the firm posted $1.64 EPS. As a group, analysts expect that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

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.