ExxonMobil Corporation $XOM Stock: Vise Technologies Inc. Grows Holdings

Vise Technologies Inc. raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 363,521 shares of the oil and gas company’s stock after purchasing an additional 48,983 shares during the period. Vise Technologies Inc.’s holdings in ExxonMobil were worth $59,163,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of XOM. Assetmark Inc. boosted its stake in shares of ExxonMobil by 8.3% in the 1st 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 shares of ExxonMobil by 392.9% during the 2nd 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 last quarter. CV Advisors LLC grew its holdings in shares of ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 6,478 shares during the last quarter. Midwest Trust Co increased its position in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Argentarii LLC acquired a new position in ExxonMobil during the 3rd quarter worth approximately $3,929,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on XOM. William Blair initiated coverage on shares of ExxonMobil in a research report on Wednesday. They issued a “market perform” rating on the stock. TD Cowen upped their price target on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, September 28th. UBS Group reiterated a “buy” rating and set a $199.00 price target on shares of ExxonMobil in a report on Monday, October 19th. Wells Fargo & Company cut ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 price target for the company. in a research note on Thursday, October 1st. Finally, HSBC reissued a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.70.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strong Q3 earnings supported the rally. ExxonMobil generated approximately $15.4 billion in GAAP net income, or $3.72 in basic earnings per share, on $110.5 billion of revenue. Results exceeded expectations, with refining margins providing the main boost. ExxonMobil Q3 earnings article
• Positive Sentiment: Dividend growth reinforces ExxonMobil’s income appeal. The company raised its quarterly dividend 3.9% to $1.07 per share, equivalent to $4.28 annually and a yield of roughly 2.3%. The increase reportedly marks the 44th consecutive annual dividend increase. ExxonMobil Q3 earnings takeaways
• Positive Sentiment: Cash generation and capital returns remain strong. Free cash flow reportedly surged 90% year to date. ExxonMobil spent $5.1 billion on share repurchases during the quarter, more than its $4.3 billion in dividend payments, and reduced net debt by nearly $11 billion during the first nine months. ExxonMobil dividend and free cash flow article
• Positive Sentiment: Analysts and financial commentators continue to describe XOM as a blue-chip energy holding, citing its low beta, scale and diversified upstream portfolio. Elevated geopolitical tensions have also supported oil-company profits and investor interest in the sector. ExxonMobil blue-chip energy investment article
• Neutral Sentiment: Heavy trading in ExxonMobil call options and a reported 2.3% increase in Childress Capital Advisors’ stake suggest bullish positioning, but neither necessarily reflects long-term fundamental demand.
• Negative Sentiment: Investors should watch earnings quality and valuation. Upstream earnings declined, refining margins drove much of the quarterly beat, and some reports characterized sales as below analyst estimates. With shares near their 52-week high, future gains may depend on sustained commodity prices and refining strength. ExxonMobil refining profits article

ExxonMobil Trading Down 0.1%

NYSE:XOM opened at $187.03 on Monday. The firm’s fifty day moving average is $167.76 and its 200-day moving average is $154.35. 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 $112.51 and a 52 week high of $188.50. The firm has a market cap of $775.23 billion, a P/E ratio of 19.22, a P/E/G ratio of 0.94 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The company 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. Equities analysts expect that ExxonMobil Corporation will post 13.58 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a $1.07 dividend. The ex-dividend date is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.3%. ExxonMobil’s dividend payout ratio is currently 42.34%.

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.