ExxonMobil Corporation $XOM Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,763,449 shares of the oil and gas company’s stock after selling 23,903 shares during the quarter. ProShare Advisors LLC’s holdings in ExxonMobil were worth $287,001,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vise Technologies Inc. boosted its position in shares of ExxonMobil by 15.6% in the 3rd quarter. Vise Technologies Inc. now owns 363,521 shares of the oil and gas company’s stock worth $59,163,000 after purchasing an additional 48,983 shares in the last quarter. Investment Partners LTD. grew its stake in ExxonMobil by 94.3% during the 3rd quarter. Investment Partners LTD. now owns 30,034 shares of the oil and gas company’s stock worth $4,888,000 after buying an additional 14,575 shares during the last quarter. Unison Advisors LLC increased its position in ExxonMobil by 0.7% during the 3rd quarter. Unison Advisors LLC now owns 22,693 shares of the oil and gas company’s stock valued at $3,693,000 after buying an additional 166 shares in the last quarter. Intrua Financial LLC increased its position in ExxonMobil by 15.4% during the 3rd quarter. Intrua Financial LLC now owns 73,846 shares of the oil and gas company’s stock valued at $12,018,000 after buying an additional 9,881 shares in the last quarter. Finally, Blue Fin Capital Inc. acquired a new position in ExxonMobil during the 3rd quarter valued at about $945,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings raised ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a research report on Tuesday, August 4th. Piper Sandler lifted their target price on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. BMO Capital Markets boosted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Finally, Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil currently has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strong Q3 earnings supported the rally. ExxonMobil generated approximately $15.4 billion in GAAP net income, or $3.72 in basic earnings per share, on $110.5 billion of revenue. Results exceeded expectations, with refining margins providing the main boost. ExxonMobil Q3 earnings article
• Positive Sentiment: Dividend growth reinforces ExxonMobil’s income appeal. The company raised its quarterly dividend 3.9% to $1.07 per share, equivalent to $4.28 annually and a yield of roughly 2.3%. The increase reportedly marks the 44th consecutive annual dividend increase. ExxonMobil Q3 earnings takeaways
• Positive Sentiment: Cash generation and capital returns remain strong. Free cash flow reportedly surged 90% year to date. ExxonMobil spent $5.1 billion on share repurchases during the quarter, more than its $4.3 billion in dividend payments, and reduced net debt by nearly $11 billion during the first nine months. ExxonMobil dividend and free cash flow article
• Positive Sentiment: Analysts and financial commentators continue to describe XOM as a blue-chip energy holding, citing its low beta, scale and diversified upstream portfolio. Elevated geopolitical tensions have also supported oil-company profits and investor interest in the sector. ExxonMobil blue-chip energy investment article
• Neutral Sentiment: Heavy trading in ExxonMobil call options and a reported 2.3% increase in Childress Capital Advisors’ stake suggest bullish positioning, but neither necessarily reflects long-term fundamental demand.
• Negative Sentiment: Investors should watch earnings quality and valuation. Upstream earnings declined, refining margins drove much of the quarterly beat, and some reports characterized sales as below analyst estimates. With shares near their 52-week high, future gains may depend on sustained commodity prices and refining strength. ExxonMobil refining profits article

ExxonMobil Stock Performance

XOM opened at $187.03 on Monday. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $188.50. 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 firm has a market capitalization of $775.23 billion, a PE ratio of 19.22, a P/E/G ratio of 0.94 and a beta of 0.21. The firm has a 50 day moving average of $167.76 and a two-hundred day moving average of $154.35.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the prior year, the firm earned $1.88 EPS. On average, analysts anticipate that ExxonMobil Corporation will post 13.58 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.3%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is 42.34%.

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.