United Advisor Group LLC Makes New $6.15 Million Investment in ExxonMobil Corporation $XOM

United Advisor Group LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,814 shares of the oil and gas company’s stock, valued at approximately $6,154,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in 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 worth $4,812,790,000 after buying an additional 1,540,902 shares during the period. Amundi lifted its position in shares of ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares during the period. GQG Partners LLC lifted its position in shares of ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the period. Swiss National Bank boosted its stake in shares of ExxonMobil by 5.9% during 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 acquiring an additional 693,800 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of ExxonMobil by 1.8% during 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 acquiring an additional 166,268 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Price Performance

XOM stock traded up $0.51 during trading on Friday, hitting $165.81. The stock had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. The stock has a market cap of $687.28 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. The company’s 50 day moving average price is $168.83 and its two-hundred day moving average price is $155.41. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.11. The company had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period last year, the company earned $1.88 EPS. On average, sell-side analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The firm 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. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is 42.34%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on XOM shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. Wall Street Zen upgraded ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup boosted their target price on ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings raised ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $170.38.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

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.

ExxonMobil serves customers and operates in markets around the world.