34,490 ExxonMobil Corporation $XOM Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in ExxonMobil Corporation (NYSE:XOM) by 19.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 208,236 shares of the oil and gas company’s stock after acquiring an additional 34,490 shares during the period. Park Avenue Securities LLC’s holdings in ExxonMobil were worth $33,890,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. boosted 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 acquiring an additional 37,666 shares during the last quarter. Charles Schwab Trust Co raised its holdings in shares of ExxonMobil by 392.9% during the second 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 raised its holdings 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 last quarter. Midwest Trust Co lifted its position in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after purchasing an additional 26,411 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in ExxonMobil by 13.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 253,420 shares of the oil and gas company’s stock valued at $34,648,000 after purchasing an additional 30,423 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Argus raised their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group reiterated a “buy” rating and set a $199.00 target price on shares of ExxonMobil in a research note on Monday, October 19th. Wall Street Zen raised ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $178.00 price target on shares of ExxonMobil in a report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $181.91 on Thursday. The firm has a 50 day moving average of $166.99 and a 200 day moving average of $153.74. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $754.03 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $184.88.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the previous year, the company earned $1.64 EPS. On average, research analysts anticipate that ExxonMobil Corporation will post 13.61 earnings per share for the current year.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices are lifting Big Oil profits. The Iran conflict has contributed to elevated crude prices, helping ExxonMobil and other integrated producers expand earnings. XOM has risen about 18% since February, while analysts expect the favorable commodity backdrop to support its third-quarter results. A Freaking Fortune: How the Iran War Rescued Big Oil’s Bottom Line
• Positive Sentiment: Expectations are building ahead of the October 30 earnings report. Higher crude prices and stronger refining margins have led several analysts to forecast that ExxonMobil could exceed third-quarter earnings estimates. Options activity also points to potential post-earnings strength. Ahead of ExxonMobil Earnings
• Positive Sentiment: ExxonMobil avoided a potentially significant liability in Kazakhstan. A tribunal dismissed Kazakhstan’s approximately $12 billion Kashagan arbitration claim, removing the immediate risk of a large award against ExxonMobil and its partners. ExxonMobil Wins Dismissal of Kazakhstan’s Kashagan Claim
• Positive Sentiment: Production and supply-chain developments remain supportive. ExxonMobil and Citgo acquired Venezuelan crude for U.S. refining, while recent Guyana discoveries and production growth add to long-term cash-flow potential. State Street’s energy ETF also purchased an additional $26.1 million of XOM, signaling continued institutional demand. Exxon Mobil and Citgo Acquire Venezuelan Crude

About ExxonMobil

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.