Canvas Wealth Advisors LLC Makes New Investment in ExxonMobil Corporation $XOM

Canvas Wealth Advisors LLC acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,181 shares of the oil and gas company’s stock, valued at approximately $843,000.

Other institutional investors have also recently made changes to their positions in the company. CPA Asset Management Group LLC increased its position in ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after buying an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC raised its stake in ExxonMobil by 2.2% in the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock valued at $474,000 after buying an additional 62 shares during the last quarter. WP Advisors LLC boosted its holdings in ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 63 shares in the last quarter. Avant Capital LLC boosted its holdings in ExxonMobil by 0.6% in the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after acquiring an additional 65 shares in the last quarter. Finally, Core Wealth Advisors Inc. boosted its holdings in ExxonMobil by 1.0% in the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

NYSE XOM traded up $0.51 during trading hours on Friday, reaching $165.81. The stock had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50. The stock has a fifty day moving average of $168.83 and a 200 day moving average of $155.41. 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 stock has a market cap of $687.28 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last posted 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. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. During the same period last year, the firm posted $1.88 EPS. Sell-side analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The firm also recently disclosed 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 is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 42.34%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XOM shares. The Goldman Sachs Group restated a “neutral” rating and set a $178.00 price objective on shares of ExxonMobil in a report on Tuesday, October 20th. Jefferies Financial Group increased their price objective on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. BMO Capital Markets lifted their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, TD Cowen upped their price target on shares of ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.38.

ExxonMobil News Roundup

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.