ExxonMobil Corporation $XOM Stock: First Command Advisory Services Inc. Decreases Stake

First Command Advisory Services Inc. lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,974 shares of the oil and gas company’s stock after selling 7,000 shares during the quarter. First Command Advisory Services Inc.’s holdings in ExxonMobil were worth $4,065,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. DSG Capital Advisors LLC boosted its stake in ExxonMobil by 0.4% during the 3rd quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock valued at $2,611,000 after purchasing an additional 62 shares during the period. Silver Grove Financial Group Inc. increased its position in ExxonMobil by 53.2% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 8,441 shares of the oil and gas company’s stock worth $1,374,000 after buying an additional 2,931 shares during the period. Northbridge Financial Group LLC increased its position in ExxonMobil by 5.3% in the 3rd quarter. Northbridge Financial Group LLC now owns 9,423 shares of the oil and gas company’s stock worth $1,550,000 after buying an additional 471 shares during the period. Brooklyn FI LLC lifted its holdings in shares of ExxonMobil by 710.7% during the third quarter. Brooklyn FI LLC now owns 2,424 shares of the oil and gas company’s stock worth $410,000 after buying an additional 2,125 shares during the last quarter. Finally, O Brien Greene & Co. Inc lifted its holdings in shares of ExxonMobil by 44.1% during the third quarter. O Brien Greene & Co. Inc now owns 5,229 shares of the oil and gas company’s stock worth $851,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Freedom Broker boosted their target price on shares of ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a research report on Friday, November 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $178.00 target price on shares of ExxonMobil in a research note on Tuesday, October 20th. BMO Capital Markets increased their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $170.38.

ExxonMobil Stock Performance

XOM opened at $166.54 on Thursday. The stock has a market cap of $679.37 billion, a PE ratio of 17.12, a P/E/G ratio of 0.82 and a beta of 0.16. 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 Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The stock’s 50 day simple moving average is $169.10 and its 200-day simple moving average is $155.88.

ExxonMobil (NYSE:XOM) last issued 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 during the quarter, compared to analysts’ expectations of $104.89 billion. During the same period last year, the business earned $1.88 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors 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 is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s payout ratio is presently 42.34%.

Recent ExxonMobil Headlines

Here are a few of the latest headlines about XOM:

• Positive Sentiment: A valuation analysis argues ExxonMobil may be about 24% undervalued, pointing to its cash-generation potential and diversified project portfolio. That is an analyst’s assessment, not a company forecast, and the article notes softer oil prices as a consideration. Article: ExxonMobil Stock May Be 24% Undervalued
• Neutral Sentiment: Exxon has launched a legal challenge to EU carbon-capture rules, seeking to suspend timing requirements. The outcome could affect compliance costs and project schedules, but the report does not establish whether the challenge will succeed. Article: ExxonMobil challenges EU carbon capture rules
• Neutral Sentiment: The CEO’s unexpected absence from global climate talks prompted questions about Exxon’s energy priorities, but no specific operational or financial change was reported. Article: Exxon’s CEO walked away from global climate talks

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.