International Assets Investment Management LLC lessened its position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 57.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,750 shares of the oil and gas company’s stock after selling 25,510 shares during the period. International Assets Investment Management LLC’s holdings in ExxonMobil were worth $3,052,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. Amundi lifted its holdings in ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after buying an additional 1,192,386 shares during the last quarter. GQG Partners LLC lifted its holdings in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after buying an additional 10,214,420 shares during the last quarter. Swiss National Bank lifted its holdings in ExxonMobil by 5.9% during the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after buying an additional 693,800 shares during the last quarter. Finally, National Pension Service boosted its position in shares of ExxonMobil by 1.8% during the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after acquiring an additional 166,268 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
ExxonMobil Price Performance
ExxonMobil stock opened at $165.81 on Friday. 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 business has a 50 day simple moving average of $168.83 and a 200-day simple moving average of $155.41. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month high of $188.50. The stock has a market capitalization of $676.38 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16.
ExxonMobil (NYSE:XOM – Get Free Report) 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 the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the previous year, the company posted $1.88 EPS. Equities analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.
ExxonMobil Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be given 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 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s payout ratio is 43.99%.
Key Stories Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
- Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
- Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
- Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
- Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank
Wall Street Analyst Weigh In
Several equities analysts have commented on XOM shares. UBS Group increased their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. DZ Bank cut ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 target price on the stock. in a research report on Wednesday. Finally, William Blair started coverage on ExxonMobil in a report on Wednesday, October 28th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and an average target price of $170.38.
View Our Latest Analysis on XOM
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.
ExxonMobil serves customers and operates in markets around the world.
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