ExxonMobil Corporation $XOM Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 3.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 91,381 shares of the oil and gas company’s stock after buying an additional 3,026 shares during the quarter. Parallel Advisors LLC’s holdings in ExxonMobil were worth $14,872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp acquired a new position in shares of ExxonMobil in the third quarter valued at approximately $76,285,000. Assetmark Inc. lifted its holdings in ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after purchasing an additional 37,666 shares during the last quarter. Charles Schwab Trust Co lifted its holdings in ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock worth $16,710,000 after purchasing an additional 97,424 shares during the last quarter. CV Advisors LLC boosted its stake in ExxonMobil by 126.7% in the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 6,478 shares during the period. Finally, Partners Wealth Management LLC bought a new stake in ExxonMobil in the 3rd quarter valued at $3,317,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of XOM stock traded up $0.51 during trading on Friday, hitting $165.81. The company had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. The firm has a market capitalization of $687.28 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. 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. The stock’s 50-day moving average price is $168.83 and its 200 day moving average price is $155.41.

ExxonMobil (NYSE:XOM) last posted 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 return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same quarter last year, the company earned $1.88 EPS. Equities analysts expect that ExxonMobil Corporation will post 13.34 EPS for the current fiscal 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 given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend 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 is currently 42.34%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays upped 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. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Citigroup boosted their target price on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen upped their price target on shares of ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, HSBC reaffirmed a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $170.38.

ExxonMobil News Summary

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

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.

ExxonMobil serves customers and operates in markets around the world.