3,474 Shares of ExxonMobil Corporation $XOM Bought by Christian Investment Advisors Inc.

Christian Investment Advisors Inc. bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, Holdings Channel reports. The institutional investor bought 3,474 shares of the oil and gas company’s stock, valued at approximately $565,000. ExxonMobil accounts for approximately 0.3% of Christian Investment Advisors Inc.’s investment portfolio, making the stock its 9th largest position.

Other hedge funds have also made changes to their positions in the company. GQG Partners LLC boosted its position in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC acquired a new stake in shares of ExxonMobil during the first quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ExxonMobil during the first quarter worth approximately $766,345,000. Dimensional Fund Advisors LP increased its holdings in shares of ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after buying an additional 1,540,902 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of ExxonMobil by 63.3% during the first quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company’s stock worth $571,996,000 after buying an additional 1,307,465 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Up 0.3%

Shares of NYSE XOM opened at $165.81 on Friday. ExxonMobil Corporation has a 12-month low of $114.19 and a 12-month high of $188.50. The firm’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 company has a market cap of $676.38 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.11. The firm had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same quarter last year, the company posted $1.88 EPS. On average, research analysts expect that ExxonMobil Corporation will post 13.34 earnings per share 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. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 43.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Piper Sandler increased their price target on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Jefferies Financial Group increased their price target on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. HSBC reaffirmed a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. Finally, Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ExxonMobil currently 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

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.