ExxonMobil Corporation $XOM Shares Newly Bought by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC bought a new position in ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, Holdings Channel.com reports. The fund bought 4,717 shares of the oil and gas company’s stock, valued at approximately $768,000.

A number of other large investors have also made changes to their positions in the company. Csenge Advisory Group lifted its stake in shares of ExxonMobil by 0.8% in the 3rd quarter. Csenge Advisory Group now owns 73,923 shares of the oil and gas company’s stock worth $12,031,000 after purchasing an additional 566 shares during the period. Guardian Financial Partners LLC purchased a new position in shares of ExxonMobil in the third quarter worth approximately $268,000. Kinsale Capital Group Inc. boosted its holdings in shares of ExxonMobil by 2.4% in the third quarter. Kinsale Capital Group Inc. now owns 70,082 shares of the oil and gas company’s stock worth $11,406,000 after buying an additional 1,622 shares during the last quarter. DMKC Advisory Services LLC grew its position in ExxonMobil by 4.4% during the third quarter. DMKC Advisory Services LLC now owns 27,325 shares of the oil and gas company’s stock valued at $4,447,000 after buying an additional 1,149 shares during the period. Finally, Cpwa LLC grew its position in ExxonMobil by 5.0% during the third quarter. Cpwa LLC now owns 2,055 shares of the oil and gas company’s stock valued at $354,000 after buying an additional 98 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on XOM. UBS Group upped their target price on shares of ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Morgan Stanley lifted their price target on shares of ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Freedom Broker boosted their price objective on shares of ExxonMobil from $142.00 to $162.00 and gave the company a “hold” rating in a research report on Friday, November 6th. BNP Paribas Exane reduced their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Finally, Piper Sandler upped their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus target price of $170.38.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signed a preliminary agreement to evaluate oil opportunities in Venezuela, potentially opening access to significant resources and future production growth. The deal is only exploratory, however, and does not mean the company is returning to full-scale operations. Reuters article
• Neutral Sentiment: The Venezuela opportunity comes with substantial political and asset risks: ExxonMobil has previously lost assets there, and its CEO had called the country “uninvestable.” That history may limit how quickly the company commits capital. The Motley Fool article
• Negative Sentiment: Energy stocks were falling before Tuesday’s open, suggesting sector-wide weakness that could pressure XOM independently of company-specific news. Energy sector update
• Negative Sentiment: ExxonMobil paused work on its planned Texas hydrogen facility amid weak customer demand and uncertainty about federal funding. The delay raises questions about the timing and growth prospects of its low-carbon business. Yahoo Finance article

ExxonMobil Stock Down 0.2%

XOM stock opened at $164.42 on Wednesday. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month 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 stock has a market cap of $670.71 billion, a P/E ratio of 16.90, a PEG ratio of 0.82 and a beta of 0.16. The business’s 50-day moving average price is $169.06 and its 200-day moving average price is $155.72.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to the consensus estimate 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 company posted $1.88 EPS. On average, equities research analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio (DPR) is 43.99%.

About ExxonMobil

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.