ExxonMobil Corporation $XOM Stock Sold by Philadelphia Trust Co.

Philadelphia Trust Co. reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 4.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 61,449 shares of the oil and gas company’s stock after selling 3,149 shares during the period. Philadelphia Trust Co.’s holdings in ExxonMobil were worth $10,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after purchasing an additional 1,540,902 shares during the period. Amundi boosted its position in ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after purchasing an additional 1,192,386 shares in the last quarter. GQG Partners LLC boosted its position in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after purchasing an additional 10,214,420 shares in the last quarter. Swiss National Bank grew its holdings in ExxonMobil by 5.9% in the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock valued at $2,099,783,000 after purchasing an additional 693,800 shares during the period. Finally, National Pension Service grew its holdings in ExxonMobil by 1.8% in the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock valued at $1,321,265,000 after purchasing an additional 166,268 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Down 0.2%

Shares of ExxonMobil stock opened at $164.42 on Wednesday. The firm has a market capitalization of $670.71 billion, a PE ratio of 16.90, a P/E/G ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month high of $188.50. The firm’s 50-day moving average price is $169.06 and its 200 day moving average price is $155.72. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data 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 company had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. During the same period in the previous year, the business earned $1.88 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is 43.99%.

Analysts Set New Price Targets

A number of analysts have recently commented on XOM shares. William Blair initiated coverage on ExxonMobil in a research report on Wednesday, October 28th. They issued a “market perform” rating for the company. Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup lifted their price target on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Finally, UBS Group boosted their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $170.38.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signed a preliminary agreement to evaluate oil opportunities in Venezuela, potentially opening access to significant resources and future production growth. The deal is only exploratory, however, and does not mean the company is returning to full-scale operations. Reuters article
• Neutral Sentiment: The Venezuela opportunity comes with substantial political and asset risks: ExxonMobil has previously lost assets there, and its CEO had called the country “uninvestable.” That history may limit how quickly the company commits capital. The Motley Fool article
• Negative Sentiment: Energy stocks were falling before Tuesday’s open, suggesting sector-wide weakness that could pressure XOM independently of company-specific news. Energy sector update
• Negative Sentiment: ExxonMobil paused work on its planned Texas hydrogen facility amid weak customer demand and uncertainty about federal funding. The delay raises questions about the timing and growth prospects of its low-carbon business. Yahoo Finance article

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.