28,834 Shares in ExxonMobil Corporation $XOM Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,834 shares of the oil and gas company’s stock, valued at approximately $4,693,000.

Several other hedge funds have also bought and sold shares of the stock. Boston Trust Walden Corp bought a new stake in shares of ExxonMobil in the 3rd quarter worth approximately $76,285,000. Assetmark Inc. grew its holdings in shares of ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after purchasing an additional 37,666 shares during the last quarter. Charles Schwab Trust Co grew its holdings in shares of ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after purchasing an additional 97,424 shares during the last quarter. CV Advisors LLC grew its holdings in shares of ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 6,478 shares during the last quarter. Finally, Partners Wealth Management LLC purchased a new position in ExxonMobil in the 3rd quarter worth $3,317,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil News Roundup

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on XOM shares. Wells Fargo & Company boosted their price target on shares of ExxonMobil from $182.00 to $189.00 and gave the stock an “equal weight” rating in a research note on Monday, November 2nd. Morgan Stanley raised their price objective on ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. DZ Bank downgraded ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 price objective on the stock. in a report on Wednesday. UBS Group boosted their target price on ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.38.

ExxonMobil Trading Up 0.3%

Shares of NYSE XOM traded up $0.51 during mid-day trading on Friday, hitting $165.81. The stock had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. The firm has a market cap of $687.28 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. 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 business has a 50 day moving average price of $168.83 and a two-hundred day moving average price of $155.41.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The firm had revenue of $110.50 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.88 earnings per share. On average, equities analysts anticipate that ExxonMobil Corporation will post 13.34 EPS for the current fiscal 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 a boost from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s payout ratio is 42.34%.

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.

ExxonMobil serves customers and operates in markets around the world.