ExxonMobil Corporation $XOM Shares Acquired by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lifted its stake in ExxonMobil Corporation (NYSE:XOM) by 8.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 40,114 shares of the oil and gas company’s stock after acquiring an additional 3,066 shares during the period. Sigma Investment Counselors Inc.’s holdings in ExxonMobil were worth $6,529,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in XOM. Dimensional Fund Advisors LP increased its stake 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 valued at $4,812,790,000 after acquiring an additional 1,540,902 shares during the period. Amundi raised its holdings in ExxonMobil by 5.1% in 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 in the last quarter. GQG Partners LLC raised its holdings in ExxonMobil by 153.3% in 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 in the last quarter. Swiss National Bank lifted its position in shares of ExxonMobil by 5.9% in 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 during the period. Finally, National Pension Service lifted its position in shares of ExxonMobil by 1.8% in 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 during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

ExxonMobil stock opened at $183.15 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market capitalization of $759.15 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a one year low of $112.51 and a one year high of $184.88. The business has a 50 day simple moving average of $167.35 and a 200 day simple moving average of $154.04.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period in the prior year, the firm earned $1.64 EPS. On average, sell-side analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current fiscal year.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XOM shares. Jefferies Financial Group lifted their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. William Blair initiated coverage on ExxonMobil in a research report on Wednesday. They set a “market perform” rating on the stock. Morgan Stanley upped their target price on ExxonMobil from $177.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. BNP Paribas Exane reduced their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. Finally, TD Cowen raised their target price on ExxonMobil from $168.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $167.70.

About ExxonMobil

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.