MFF Capital Investments Ltd Makes New Investment in ExxonMobil Corporation $XOM

MFF Capital Investments Ltd bought a new position in ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,000 shares of the oil and gas company’s stock, valued at approximately $6,510,000. ExxonMobil accounts for 0.4% of MFF Capital Investments Ltd’s investment portfolio, making the stock its 18th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the company. Montaka Global Pty Ltd acquired a new stake in shares of ExxonMobil in the third quarter valued at approximately $8,626,000. Thor Trading Advisors LLC boosted its holdings in ExxonMobil by 123.6% during the third quarter. Thor Trading Advisors LLC now owns 9,717 shares of the oil and gas company’s stock worth $1,581,000 after purchasing an additional 5,371 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in ExxonMobil during the third quarter worth $768,000. Csenge Advisory Group boosted its holdings in ExxonMobil by 0.8% during the third 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 last quarter. Finally, Guardian Financial Partners LLC bought a new position in ExxonMobil in the third quarter valued at $268,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BNP Paribas Exane lowered their price target on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, July 17th. Weiss Ratings raised shares of ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. increased their price objective 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. Barclays raised their price objective on ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Finally, Argus lifted their target price on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.38.

ExxonMobil News Summary

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 Trading Down 0.2%

Shares of ExxonMobil stock opened at $164.42 on Wednesday. The business has a fifty day simple moving average of $169.06 and a two-hundred day simple moving average of $155.72. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The company has a market capitalization of $670.71 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

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, 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 firm had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the previous year, the business posted $1.88 earnings per share. Research analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid 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 dividend yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is 43.99%.

ExxonMobil Company 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.