4,030 ExxonMobil Corporation $XOM Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC cut its position in ExxonMobil Corporation (NYSE:XOM) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,501 shares of the oil and gas company’s stock after selling 4,030 shares during the quarter. ExxonMobil makes up 0.4% of Moss Adams Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Moss Adams Wealth Advisors LLC’s holdings in ExxonMobil were worth $5,615,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NBT Bank N.A. acquired a new stake in shares of ExxonMobil in the third quarter valued at approximately $26,000. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil during the second quarter worth approximately $27,000. Atlantic Private Wealth LLC grew its position in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the last quarter. Financial Connections Group Inc. acquired a new position in shares of ExxonMobil in the 1st quarter valued at $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of ExxonMobil by 53.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. TD Cowen upped their price target on shares of ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, September 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $178.00 price objective on shares of ExxonMobil in a research report on Tuesday, October 20th. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Weiss Ratings upgraded shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Finally, Barclays increased their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil News Summary

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 Stock Performance

Shares of XOM opened at $187.03 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. The stock has a market capitalization 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. The company’s fifty day moving average is $167.76 and its two-hundred day moving average is $154.35. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $188.50.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same quarter in the prior year, the firm earned $1.88 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.58 earnings per share for the current year.

ExxonMobil Increases Dividend

The firm also recently disclosed 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 of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.3%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is presently 42.34%.

About ExxonMobil

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.