11,174 Shares in ExxonMobil Corporation $XOM Acquired by Richwood Investment Advisors LLC

Richwood Investment Advisors LLC bought a new position in ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,174 shares of the oil and gas company’s stock, valued at approximately $1,819,000. ExxonMobil comprises 1.3% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds also recently made changes to their positions in XOM. NBT Bank N.A. purchased a new position in shares of ExxonMobil in the third quarter valued at about $26,000. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil during the second quarter valued at about $27,000. Atlantic Private Wealth LLC boosted its holdings 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 worth $39,000 after purchasing an additional 202 shares during the period. Financial Connections Group Inc. purchased a new stake in shares of ExxonMobil during the first quarter worth about $53,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of ExxonMobil by 53.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 113 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon beat third-quarter earnings expectations, with adjusted EPS of $4.23. Refining strength, improved margins and record downstream utilization helped offset weaker upstream earnings. How Investors Are Reacting To ExxonMobil Stock Earnings
• Positive Sentiment: Investors are also receiving substantial cash returns: Exxon raised its quarterly dividend to $1.07 per share and increased its share-repurchase authorization to $110 billion. UBS raised its price target to $213 and kept a Buy rating after the results. UBS raises ExxonMobil price target
• Positive Sentiment: XOM’s move above its 200-day moving average is a technical signal some investors view as supportive of a longer-term uptrend. The company also took a 50% stake in Mozambique LNG, adding to its long-term growth opportunities. ExxonMobil crosses its 200-day moving average
• Neutral Sentiment: Oil traders are weighing conflicting signals about U.S.-Iran tensions and the possibility of a deal. Any change in perceived supply risk could move crude prices—and Exxon’s upstream outlook—in either direction. Report on U.S.-Iran tensions and oil markets
• Negative Sentiment: After a strong run, XOM’s valuation is considered elevated, leaving less room for disappointment. Upstream earnings declined sequentially, and lower crude prices could add pressure; the retreat from recent highs suggests investors are taking profits and reassessing how much good news is already priced in. ExxonMobil stock valuation and outlook

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. BMO Capital Markets boosted their price target on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. BNP Paribas Exane cut their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. William Blair started coverage on ExxonMobil in a research note on Wednesday, October 28th. They set a “market perform” rating on the stock. Finally, TD Cowen upped their target price on ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.70.

ExxonMobil Stock Performance

Shares of XOM opened at $177.50 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $168.33 and its 200-day moving average price is $154.86. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $188.50. The stock has a market cap of $735.72 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $1.88 EPS. Equities research analysts anticipate that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a $1.07 dividend. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.4%. ExxonMobil’s payout ratio is presently 42.34%.

ExxonMobil Profile

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.