Bfsg LLC Acquires New Shares in ExxonMobil Corporation $XOM

Bfsg LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 60,280 shares of the oil and gas company’s stock, valued at approximately $9,811,000. ExxonMobil comprises approximately 0.9% of Bfsg LLC’s holdings, making the stock its 28th biggest holding.

Several other hedge funds have also recently bought and sold shares of XOM. NBT Bank N.A. bought a new position in ExxonMobil during the 3rd quarter worth $26,000. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil during the second quarter worth $27,000. Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares during the period. Pioneer Family Office LLC bought a new stake in shares of ExxonMobil in the third quarter valued at about $42,000. Finally, Financial Connections Group Inc. acquired a new position in shares of ExxonMobil in the first quarter valued at about $53,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Price Performance

Shares of XOM opened at $169.52 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The stock has a market cap of $702.64 billion, a PE ratio of 17.42, a PEG ratio of 0.87 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $113.64 and a 12-month high of $188.50. The business has a 50-day simple moving average of $168.50 and a two-hundred day simple moving average of $155.06.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same period in the previous year, the business earned $1.88 EPS. Analysts anticipate that ExxonMobil Corporation will post 13.54 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently disclosed 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 of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is currently 43.99%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts raised price targets: TD Cowen lifted its target to $193 and maintained a buy rating; Citigroup raised its target to $175 but kept a neutral rating. TD Cowen price target article
• Positive Sentiment: Refining investment could support future cash flow: Exxon plans to invest $10 billion in refining through 2030, including an expansion targeting 100,000 barrels per day of additional diesel output and improved efficiency. Diesel expansion article
• Positive Sentiment: Recent operating performance has been strong: Reports highlighted refining strength, cost discipline, a higher dividend and substantial buybacks, which may help support shareholder returns. ExxonMobil and Chevron results article
• Neutral Sentiment: Analyst views remain mixed: While some firms raised targets, DZ Bank downgraded Exxon to sell with a $170 target, reflecting limited perceived upside at the cited share price. DZ Bank rating information
• Negative Sentiment: Oil-price concerns are a key headwind: A CNBC trader argued that inflation pressures have eased and oil may not return to $100; reports of unsold crude cargoes also suggest physical-market demand is softening. Lower oil prices can reduce Exxon’s upstream earnings. Oil-price outlook article Physical oil market article
• Negative Sentiment: Cash-flow coverage may be a concern: One report said cash generation exceeded shareholder payments, leaving scope for balance-sheet repair and highlighting Exxon’s exposure to commodity swings. Cash generation and shareholder payments article

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. William Blair assumed coverage on shares of ExxonMobil in a report on Wednesday, October 28th. They set a “market perform” rating on the stock. Argus increased their price target on ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. raised their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group lifted their price objective on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.74.

About ExxonMobil

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.