ExxonMobil Corporation $XOM Shares Acquired by Diversified Trust Co

Diversified Trust Co grew its position in ExxonMobil Corporation (NYSE:XOM) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,298 shares of the oil and gas company’s stock after buying an additional 10,478 shares during the quarter. ExxonMobil accounts for 0.5% of Diversified Trust Co’s holdings, making the stock its 27th largest holding. Diversified Trust Co’s holdings in ExxonMobil were worth $25,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. GQG Partners LLC grew its holdings in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in ExxonMobil during the 1st quarter valued at about $766,345,000. Dimensional Fund Advisors LP raised its holdings in shares of ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after purchasing an additional 1,540,902 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $201,518,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of ExxonMobil in the 2nd quarter worth approximately $164,161,000. Institutional investors own 61.80% of the company’s stock.

Latest ExxonMobil News

Investors following XOM have been watching these news items:

• 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: Barclays raised its price target to $206 from $200 and maintained an Overweight rating, signaling continued analyst optimism. Article: What’s Going On With ExxonMobil Stock Friday?
• 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

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. HSBC reiterated a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. TD Cowen boosted their price objective on shares of ExxonMobil from $180.00 to $193.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Piper Sandler upped their target price on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Freedom Broker increased their target price on ExxonMobil from $142.00 to $162.00 and gave the company a “hold” rating in a research report on Friday, November 6th. Finally, Argus increased 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.79.

ExxonMobil Stock Performance

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

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating 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 business had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period last year, the business earned $1.88 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current fiscal 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 $1.07 dividend. 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. The ex-dividend date is Monday, November 16th. ExxonMobil’s payout ratio is 42.34%.

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.