7,718 ExxonMobil Corporation $XOM Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC cut its stake in ExxonMobil Corporation (NYSE:XOM) by 8.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,172 shares of the oil and gas company’s stock after selling 7,718 shares during the period. Private Advisory Group LLC’s holdings in ExxonMobil were worth $13,699,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Trust lifted its holdings in shares of ExxonMobil by 21.9% in the 3rd quarter. Legacy Trust now owns 18,903 shares of the oil and gas company’s stock worth $3,076,000 after acquiring an additional 3,402 shares during the last quarter. Warburton Capital Management LLC boosted its stake in shares of ExxonMobil by 4.2% in the 3rd quarter. Warburton Capital Management LLC now owns 5,499 shares of the oil and gas company’s stock valued at $976,000 after purchasing an additional 221 shares in the last quarter. Collaborative Wealth Managment Inc. grew its holdings in shares of ExxonMobil by 2.9% during the 3rd quarter. Collaborative Wealth Managment Inc. now owns 2,682 shares of the oil and gas company’s stock valued at $437,000 after purchasing an additional 75 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of ExxonMobil by 5.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 5,083 shares of the oil and gas company’s stock valued at $827,000 after purchasing an additional 279 shares during the last quarter. Finally, Nikulski Financial Inc. grew its holdings in shares of ExxonMobil by 5.0% during the 3rd quarter. Nikulski Financial Inc. now owns 18,189 shares of the oil and gas company’s stock valued at $2,960,000 after purchasing an additional 858 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 1.8%

Shares of NYSE XOM opened at $169.78 on Friday. The firm’s fifty day moving average is $169.21 and its 200 day moving average is $156.06. ExxonMobil Corporation has a 52 week low of $114.19 and a 52 week high of $188.50. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The company has a market cap of $692.55 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.83 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $104.89 billion. During the same quarter last year, the firm earned $1.88 EPS. On average, equities research analysts expect that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a dividend of $1.07 per share. The ex-dividend date is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.5%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio (DPR) is presently 42.34%.

Key Stories Impacting ExxonMobil

These are some of the XOM stories that stood out recently:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

Analysts Set New Price Targets

Several research firms have weighed in on XOM. JPMorgan Chase & Co. boosted their price target on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. BNP Paribas Exane reduced their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, July 17th. William Blair started coverage on ExxonMobil in a report on Wednesday, October 28th. They issued a “market perform” rating on the stock. Argus boosted their target price on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, DZ Bank cut ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 target price for the company. in a report on Wednesday, November 4th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and an average price target of $170.54.

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.