Thor Trading Advisors LLC Acquires 5,371 Shares of ExxonMobil Corporation $XOM

Thor Trading Advisors LLC grew its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 123.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,717 shares of the oil and gas company’s stock after purchasing an additional 5,371 shares during the quarter. ExxonMobil accounts for about 0.5% of Thor Trading Advisors LLC’s holdings, making the stock its 19th biggest holding. Thor Trading Advisors LLC’s holdings in ExxonMobil were worth $1,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new position in shares of ExxonMobil in the 3rd quarter valued at $768,000. Csenge Advisory Group raised its stake in ExxonMobil by 0.8% in the 3rd quarter. Csenge Advisory Group now owns 73,923 shares of the oil and gas company’s stock worth $12,031,000 after acquiring an additional 566 shares during the last quarter. Guardian Financial Partners LLC purchased a new position in ExxonMobil in the 3rd quarter worth $268,000. Kinsale Capital Group Inc. lifted its position in ExxonMobil by 2.4% during the 3rd quarter. Kinsale Capital Group Inc. now owns 70,082 shares of the oil and gas company’s stock worth $11,406,000 after acquiring an additional 1,622 shares during the period. Finally, DMKC Advisory Services LLC lifted its position in ExxonMobil by 4.4% during the 3rd quarter. DMKC Advisory Services LLC now owns 27,325 shares of the oil and gas company’s stock worth $4,447,000 after acquiring an additional 1,149 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XOM shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $178.00 price target on shares of ExxonMobil in a research note on Tuesday, October 20th. DZ Bank cut ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 price objective for the company. in a research note on Wednesday, November 4th. JPMorgan Chase & Co. raised their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Jefferies Financial Group lifted their target price on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Finally, Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ExxonMobil currently has an average rating of “Hold” and a consensus target price of $170.38.

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

ExxonMobil Stock Down 0.2%

NYSE:XOM opened at $164.42 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The company’s fifty day moving average price is $169.06 and its 200-day moving average price is $155.72. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The firm has a market capitalization of $670.71 billion, a P/E ratio of 16.90, a PEG ratio of 0.82 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to the consensus estimate 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 firm posted $1.88 earnings per share. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.6%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is 43.99%.

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.