ExxonMobil Corporation $XOM Shares Newly Acquired by Seaside Wealth Management Inc.

Seaside Wealth Management Inc. bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,943 shares of the oil and gas company’s stock, valued at approximately $967,000. ExxonMobil accounts for approximately 0.2% of Seaside Wealth Management Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently modified their holdings of XOM. Drive Wealth Management LLC grew its position in shares of ExxonMobil by 3.6% during the 3rd quarter. Drive Wealth Management LLC now owns 33,508 shares of the oil and gas company’s stock worth $5,454,000 after buying an additional 1,149 shares during the period. Dogwood Wealth Management LLC bought a new stake in shares of ExxonMobil during the third quarter worth approximately $508,000. Rasp Wealth Solutions LLC raised its stake in shares of ExxonMobil by 0.4% during the third quarter. Rasp Wealth Solutions LLC now owns 22,923 shares of the oil and gas company’s stock worth $3,731,000 after buying an additional 85 shares during the last quarter. MSH Capital Advisors LLC raised its stake in shares of ExxonMobil by 1.0% during the third quarter. MSH Capital Advisors LLC now owns 40,350 shares of the oil and gas company’s stock worth $6,567,000 after buying an additional 413 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its holdings in ExxonMobil by 3.0% in the third quarter. Cornerstone Advisory LLC now owns 21,903 shares of the oil and gas company’s stock valued at $3,565,000 after buying an additional 642 shares during the period. Institutional investors own 61.80% of the company’s stock.

Top ExxonMobil Stories

Here are a few of the latest stories about XOM:

• Positive Sentiment: ExxonMobil approved the $12.5 billion Longtail development offshore Guyana. The project is expected to add future production capacity, supporting longer-term growth, although production is not expected until 2030. Article: ExxonMobil Advances Next Phase of Guyana Development with Longtail
• Positive Sentiment: Shareholder returns remain robust: ExxonMobil raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase, and plans $20 billion in buybacks in 2027. The company generated more than $39 billion in free cash flow through September. Article: ExxonMobil dividend and buyback plans
• Negative Sentiment: Bernstein lowered its price target to $186 from $193 and warned that oil stocks may struggle to appreciate, while keeping an Outperform rating. Article: Analyst trims oil-stock price targets

ExxonMobil Trading Up 0.5%

Shares of XOM stock traded up $0.79 on Friday, reaching $170.56. The company had a trading volume of 11,452,675 shares, compared to its average volume of 14,270,899. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock has a market cap of $695.77 billion, a PE ratio of 17.53, a PEG ratio of 0.84 and a beta of 0.16. The company has a 50-day moving average of $169.38 and a 200-day moving average of $156.22. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month 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 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 business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same period last year, the company posted $1.88 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.5%. ExxonMobil’s payout ratio is currently 43.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Citigroup raised their price objective on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. William Blair assumed coverage on ExxonMobil in a research note on Wednesday, October 28th. They issued a “market perform” rating on the stock. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and raised their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Finally, HSBC restated a “hold” rating and issued a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.79.

ExxonMobil Company 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.