8,659 ExxonMobil Corporation $XOM Shares Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR boosted its position in ExxonMobil Corporation (NYSE:XOM) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,684 shares of the oil and gas company’s stock after purchasing 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.

Other large investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after purchasing an additional 37,666 shares in the last quarter. Charles Schwab Trust Co grew its holdings in ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after purchasing an additional 97,424 shares during the period. CV Advisors LLC increased its position in ExxonMobil by 126.7% in the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after buying an additional 6,478 shares in the last quarter. Midwest Trust Co increased its position in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after buying an additional 26,411 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in ExxonMobil by 13.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company’s stock worth $34,648,000 after buying an additional 30,423 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil News Roundup

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on XOM shares. Jefferies Financial Group raised their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Barclays boosted their price objective on ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Piper Sandler increased their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. HSBC restated a “hold” rating and set a $90.00 target price on shares of ExxonMobil in a research note on Friday, September 25th. Finally, BNP Paribas Exane decreased their target price on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.70.

ExxonMobil Trading Up 0.6%

Shares of ExxonMobil stock opened at $183.15 on Friday. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $184.88. 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 company 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 has a fifty day moving average of $167.35 and a 200 day moving average of $154.04.

ExxonMobil (NYSE:XOM) last posted its quarterly 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). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the business earned $1.64 earnings per share. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal 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.