37,814 Shares of ExxonMobil Corporation $XOM Acquired by United Advisor Group LLC

United Advisor Group LLC purchased a new position in ExxonMobil Corporation (NYSE:XOM) in the third quarter, Holdings Channel reports. The fund purchased 37,814 shares of the oil and gas company’s stock, valued at approximately $6,154,000.

Other large investors also recently modified their holdings of the company. CPA Asset Management Group LLC boosted its position in ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 60 shares during the period. DecisionMap Wealth Management LLC grew its stake in shares of ExxonMobil by 2.2% in the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 62 shares during the last quarter. WP Advisors LLC grew its position in ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after buying an additional 63 shares during the last quarter. Avant Capital LLC increased its position in shares of ExxonMobil by 0.6% in the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after acquiring an additional 65 shares in the last quarter. Finally, Core Wealth Advisors Inc. increased its holdings in shares of ExxonMobil by 1.0% in the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after purchasing an additional 68 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of ExxonMobil from $182.00 to $189.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Freedom Broker boosted their price target on shares of ExxonMobil from $142.00 to $162.00 and gave the company a “hold” rating in a report on Friday. Weiss Ratings raised shares of ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Finally, Citigroup increased their price target on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.38.

Key ExxonMobil News

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

ExxonMobil Trading Up 0.3%

NYSE:XOM traded up $0.51 during mid-day trading on Friday, hitting $165.81. The company had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. ExxonMobil Corporation has a fifty-two week low of $114.19 and a fifty-two week 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 firm has a market cap of $687.28 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.90 and a beta of 0.16. The business’s fifty day moving average is $168.83 and its two-hundred day moving average is $155.41.

ExxonMobil (NYSE:XOM) last issued 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. The business had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same period in the previous year, the firm earned $1.88 EPS. As a group, research analysts expect that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently announced 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 of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is 42.34%.

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.