ExxonMobil Corporation $XOM Stake Decreased by M&G PLC

M&G PLC reduced its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 40.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,538 shares of the oil and gas company’s stock after selling 10,063 shares during the quarter. M&G PLC’s holdings in ExxonMobil were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Vestor Capital LLC grew its holdings in shares of ExxonMobil by 12.2% in the third quarter. Vestor Capital LLC now owns 1,613 shares of the oil and gas company’s stock worth $263,000 after acquiring an additional 175 shares during the period. Kestra Investment Management LLC increased its position in ExxonMobil by 87.7% during the third quarter. Kestra Investment Management LLC now owns 16,087 shares of the oil and gas company’s stock valued at $2,618,000 after acquiring an additional 7,516 shares during the last quarter. AlphaCore Capital LLC increased its position in ExxonMobil by 132,856.0% during the third quarter. AlphaCore Capital LLC now owns 132,956 shares of the oil and gas company’s stock valued at $21,639,000 after acquiring an additional 132,856 shares during the last quarter. Leuthold Group LLC increased its position in ExxonMobil by 766.7% during the third quarter. Leuthold Group LLC now owns 57,001 shares of the oil and gas company’s stock valued at $9,277,000 after acquiring an additional 50,424 shares during the last quarter. Finally, Palacios Wealth Management LLC lifted its holdings in ExxonMobil by 5.5% in the third quarter. Palacios Wealth Management LLC now owns 3,278 shares of the oil and gas company’s stock valued at $533,000 after acquiring an additional 172 shares during the period. 61.80% of the stock is owned by institutional investors.

ExxonMobil Trading Up 1.3%

Shares of XOM stock opened at $166.54 on Thursday. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The firm has a fifty day moving average price of $169.10 and a 200-day moving average price of $155.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The company has a market cap of $679.37 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.82 and a beta of 0.16.

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 firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. During the same period in the prior year, the business posted $1.88 EPS. As a group, equities analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business 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 dividend of $1.07 per share. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio is presently 42.34%.

More ExxonMobil News

These are some of the XOM news items that stood out recently:

• Neutral Sentiment: Exxon is assessing seven areas in Venezuela under a preliminary agreement to explore possible energy projects. The move could create longer-term growth options, but it is not a commitment to invest or produce, and Venezuela’s political and investment risks remain significant given Exxon’s history there. Article: Exxon assessing seven areas in Venezuela
• 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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group raised their target price on ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. The Goldman Sachs Group restated a “neutral” rating and set a $178.00 price target on shares of ExxonMobil in a research note on Tuesday, October 20th. Jefferies Financial Group upped their price target on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Finally, HSBC reiterated a “hold” rating and issued a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $170.38.

ExxonMobil Company 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.