Plancorp LLC Acquires 13,092 Shares of ExxonMobil Corporation $XOM

Plancorp LLC boosted its holdings in ExxonMobil Corporation (NYSE:XOM) by 34.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 51,117 shares of the oil and gas company’s stock after purchasing an additional 13,092 shares during the quarter. Plancorp LLC’s holdings in ExxonMobil were worth $8,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NBT Bank N.A. purchased a new position in shares of ExxonMobil during the third quarter valued at approximately $26,000. Aventus Investment Advisors Inc. purchased a new stake in ExxonMobil in the 2nd quarter valued at $27,000. Atlantic Private Wealth LLC raised its position in ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. Pioneer Family Office LLC purchased a new stake in ExxonMobil in the 3rd quarter valued at $42,000. Finally, Financial Connections Group Inc. bought a new position in ExxonMobil during the 1st quarter valued at $53,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. William Blair assumed coverage on shares of ExxonMobil in a research note on Wednesday, October 28th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. TD Cowen upped their price objective on shares of ExxonMobil from $180.00 to $193.00 and gave the stock a “buy” rating in a research report on Wednesday. Argus increased their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group lifted their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.38.

ExxonMobil Stock Performance

NYSE XOM traded up $0.51 during trading hours on Friday, reaching $165.81. 15,867,839 shares of the company were exchanged, compared to its average volume of 12,226,232. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The business’s 50 day simple moving average is $168.83 and its 200-day simple moving average is $155.41. 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 capitalization of $687.28 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.90 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its 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 firm had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the previous year, the company earned $1.88 earnings per share. On average, equities research analysts expect that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a $1.07 dividend. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s payout ratio is presently 42.34%.

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.

ExxonMobil serves customers and operates in markets around the world.