Ethic Inc. Buys 4,020 Shares of ExxonMobil Corporation $XOM

Ethic Inc. lifted its stake in ExxonMobil Corporation (NYSE:XOM) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,619 shares of the oil and gas company’s stock after buying an additional 4,020 shares during the quarter. Ethic Inc.’s holdings in ExxonMobil were worth $18,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Dimensional Fund Advisors LP raised its holdings 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 lifted its holdings in shares of ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after buying an additional 1,192,386 shares in the last quarter. GQG Partners LLC lifted its holdings in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Swiss National Bank boosted its position in shares of ExxonMobil by 5.9% during the first 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 last quarter. Finally, National Pension Service boosted its position in shares of ExxonMobil by 1.8% during the second 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 last quarter. 61.80% of the stock is currently owned by institutional investors.

Key ExxonMobil News

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XOM shares. Citigroup raised their target price on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Sandler boosted their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Argus boosted their price target on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. BMO Capital Markets increased their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Finally, TD Cowen raised their price objective on ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus target price of $170.38.

ExxonMobil Trading Up 0.3%

XOM stock opened at $165.81 on Friday. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month high of $188.50. The stock has a market capitalization of $676.38 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. 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 firm’s fifty day simple moving average is $168.83 and its two-hundred day simple moving average is $155.41.

ExxonMobil (NYSE:XOM) last released its 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. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. During the same quarter last year, the business earned $1.88 EPS. As a group, analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be given a $1.07 dividend. This is an increase 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 2.6%. ExxonMobil’s dividend payout ratio is currently 43.99%.

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.