Walled Lake Planning & Wealth Management LLC Acquires 6,781 Shares of ExxonMobil Corporation $XOM

Walled Lake Planning & Wealth Management LLC purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,781 shares of the oil and gas company’s stock, valued at approximately $1,104,000.

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of ExxonMobil by 5.7% during 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 acquiring an additional 1,540,902 shares during the last quarter. Amundi increased its stake in shares of ExxonMobil by 5.1% in the 1st 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 increased its stake in shares of ExxonMobil by 153.3% in 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 purchasing an additional 10,214,420 shares in the last quarter. Swiss National Bank increased its stake in shares of ExxonMobil by 5.9% in 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 purchasing an additional 693,800 shares in the last quarter. Finally, National Pension Service raised its holdings in ExxonMobil by 1.8% in 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 purchasing an additional 166,268 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

NYSE:XOM opened at $187.03 on Monday. The firm has a market capitalization of $775.23 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.94 and a beta of 0.21. 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 $167.76 and a 200-day simple moving average of $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 earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share 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 business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 13.58 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) is currently 42.34%.

Analysts Set New Price Targets

Several analysts have issued reports on XOM shares. William Blair assumed coverage on ExxonMobil in a report on Wednesday. They set a “market perform” rating for the company. Piper Sandler raised their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.70.

Key Stories Impacting ExxonMobil

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 Profile

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.