9,489 Shares of ExxonMobil Corporation $XOM Purchased by Bernicke Wealth Management Ltd.

Bernicke Wealth Management Ltd. acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,489 shares of the oil and gas company’s stock, valued at approximately $1,544,000.

A number of other large investors have also made changes to their positions in XOM. 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 worth $83,525,000 after purchasing an additional 37,666 shares in 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 worth $16,710,000 after purchasing an additional 97,424 shares in the last quarter. CV Advisors LLC increased its position in shares of ExxonMobil by 126.7% during the second 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 period. Finally, Partners Wealth Management LLC bought a new stake in shares of ExxonMobil during the third quarter valued at approximately $3,317,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Up 0.5%

NYSE XOM opened at $170.56 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $169.38 and its two-hundred day moving average is $156.22. The company has a market capitalization of $695.77 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.84 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data 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 return on equity of 16.63% and a net margin of 10.24%. The company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period in the prior year, the company posted $1.88 EPS. Equities analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared 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 represents a $4.28 annualized dividend and a yield of 2.5%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is presently 43.99%.

Recent ExxonMobil Headlines

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

• Positive Sentiment: Higher oil prices are supporting earnings. Reports cite crude prices above $85—and Brent near $96—as a boost to ExxonMobil’s upstream business. Stronger refining margins have also contributed to earnings, though oil prices can be volatile. Article: ExxonMobil investment returns
• Positive Sentiment: ExxonMobil approved the $12.5 billion Longtail development offshore Guyana. The project is expected to add future production capacity, supporting longer-term growth, although production is not expected until 2030. Article: ExxonMobil Advances Next Phase of Guyana Development with Longtail
• Negative Sentiment: Bernstein lowered its price target to $186 from $193 and warned that oil stocks may struggle to appreciate, while keeping an Outperform rating. Article: Analyst trims oil-stock price targets

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Argus upped 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. UBS Group lifted their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. boosted their price target on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.79.

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.