ExxonMobil Corporation $XOM Shares Acquired by Markel Group Inc.

Markel Group Inc. increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 7.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,400 shares of the oil and gas company’s stock after acquiring an additional 4,300 shares during the quarter. Markel Group Inc.’s holdings in ExxonMobil were worth $9,830,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after buying an additional 37,666 shares during the period. Charles Schwab Trust Co grew its stake in ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares during the last quarter. CV Advisors LLC grew its stake in ExxonMobil by 126.7% in the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after buying an additional 6,478 shares during the last quarter. Midwest Trust Co grew its stake in ExxonMobil by 3.9% in the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after buying an additional 26,411 shares during the last quarter. Finally, Argentarii LLC bought a new position in ExxonMobil in the 3rd quarter valued at about $3,929,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Trading Down 1.2%

Shares of ExxonMobil stock opened at $177.50 on Wednesday. The firm has a 50-day moving average of $168.33 and a 200-day moving average of $154.86. The stock has a market cap of $735.72 billion, a PE ratio of 18.24, a PEG ratio of 0.90 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $188.50. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19.

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 the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same period in the prior year, the company posted $1.88 earnings per share. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued 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 yield of 2.4%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is presently 42.34%.

Key Stories Impacting ExxonMobil

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 Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. Jefferies Financial Group boosted 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. HSBC reaffirmed a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. JPMorgan Chase & Co. increased their target price on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.70.

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.