ExxonMobil Corporation $XOM Shares Newly Bought by Van Strum & Towne Inc.

Van Strum & Towne Inc. purchased a new stake in ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 45,142 shares of the oil and gas company’s stock, valued at approximately $7,347,000. ExxonMobil comprises approximately 2.1% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 16th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. NBT Bank N.A. acquired a new stake in shares of ExxonMobil during the 3rd quarter worth approximately $26,000. Aventus Investment Advisors Inc. bought a new stake in shares of ExxonMobil during the second quarter valued at approximately $27,000. Atlantic Private Wealth LLC increased its position in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the period. Pioneer Family Office LLC acquired a new position in shares of ExxonMobil in the third quarter valued at $42,000. Finally, Financial Connections Group Inc. acquired a new position in shares of ExxonMobil in the first quarter valued at $53,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Citigroup increased their target price on ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 4th. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and raised their target price for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $178.00 price target on shares of ExxonMobil in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.54.

Key Stories Impacting ExxonMobil

Here are a few of the latest stories about XOM:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

ExxonMobil Trading Up 1.8%

Shares of ExxonMobil stock opened at $169.78 on Friday. ExxonMobil Corporation has a 12-month low of $114.19 and a 12-month high of $188.50. The stock has a market capitalization of $692.55 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The company has a 50-day simple moving average of $169.21 and a 200 day simple moving average of $156.06. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The firm had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the previous year, the business earned $1.88 earnings per share. Research analysts expect that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio is presently 42.34%.

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.