ExxonMobil Corporation $XOM Shares Newly Purchased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,717 shares of the oil and gas company’s stock, valued at approximately $768,000.

Several other hedge funds have also bought and sold shares of XOM. Dimensional Fund Advisors LP increased its stake 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 valued at $4,812,790,000 after purchasing an additional 1,540,902 shares in the last quarter. Amundi lifted its holdings in shares of ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC boosted its position in shares of ExxonMobil by 153.3% in 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 purchasing an additional 10,214,420 shares in the last quarter. Swiss National Bank boosted its position in shares of ExxonMobil by 5.9% in the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after purchasing an additional 693,800 shares in the last quarter. Finally, National Pension Service boosted its position in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after purchasing an additional 166,268 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XOM shares. Weiss Ratings raised ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. BNP Paribas Exane reduced their price target on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, July 17th. Morgan Stanley lifted their price target on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Piper Sandler increased their price objective on shares of ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One 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 issued a Sell rating to the company. According to MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and an average price target of $170.38.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $164.42 on Wednesday. The firm’s 50-day moving average price is $169.06 and its 200-day moving average price is $155.72. 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 $670.71 billion, a PE ratio of 16.90, a PEG ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results 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 analyst estimates of $104.89 billion. During the same period in the previous year, the business posted $1.88 earnings per share. As a group, analysts anticipate 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. Investors of record on Monday, November 16th will be issued a $1.07 dividend. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio is 43.99%.

ExxonMobil News Roundup

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

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.