ExxonMobil Corporation $XOM Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC raised its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 10.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 99,930 shares of the oil and gas company’s stock after purchasing an additional 9,251 shares during the quarter. Simplicity Wealth LLC’s holdings in ExxonMobil were worth $16,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. NBT Bank N.A. purchased a new stake in ExxonMobil in the 3rd quarter valued at $26,000. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil during the 2nd quarter worth $27,000. Portus Wealth Advisors LLC purchased a new position in shares of ExxonMobil during the 1st quarter worth $36,000. Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in shares of ExxonMobil during the 1st quarter valued at about $53,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Price Performance

ExxonMobil stock opened at $184.41 on Tuesday. The company’s 50 day simple moving average is $165.81 and its 200-day simple moving average is $152.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $184.59. The company has a market capitalization of $764.39 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The company had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the previous year, the business posted $1.64 EPS. As a group, equities research analysts expect that ExxonMobil Corporation will post 13.63 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. ExxonMobil’s payout ratio is presently 53.02%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho dropped their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. HSBC reaffirmed a “hold” rating and set a $90.00 target price on shares of ExxonMobil in a research note on Friday, September 25th. Citigroup reiterated a “neutral” rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Barclays boosted their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $182.00 price target on shares of ExxonMobil in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.70.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon’s $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.