ExxonMobil Corporation $XOM Stock: Machina Capital S.A.S. Trims Holdings

Machina Capital S.A.S. trimmed its position in ExxonMobil Corporation (NYSE:XOM) by 20.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,980 shares of the oil and gas company’s stock after selling 6,329 shares during the quarter. Machina Capital S.A.S.’s holdings in ExxonMobil were worth $3,903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. DSG Capital Advisors LLC increased its holdings in shares of ExxonMobil by 0.4% during the third quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock worth $2,611,000 after buying an additional 62 shares in the last quarter. Silver Grove Financial Group Inc. boosted its holdings in ExxonMobil by 53.2% in the third quarter. Silver Grove Financial Group Inc. now owns 8,441 shares of the oil and gas company’s stock valued at $1,374,000 after acquiring an additional 2,931 shares during the last quarter. Northbridge Financial Group LLC boosted its stake in shares of ExxonMobil by 5.3% in the 3rd quarter. Northbridge Financial Group LLC now owns 9,423 shares of the oil and gas company’s stock valued at $1,550,000 after purchasing an additional 471 shares during the last quarter. Brooklyn FI LLC boosted its position in shares of ExxonMobil by 710.7% during the 3rd quarter. Brooklyn FI LLC now owns 2,424 shares of the oil and gas company’s stock valued at $410,000 after purchasing an additional 2,125 shares in the last quarter. Finally, O Brien Greene & Co. Inc lifted its position in shares of ExxonMobil by 44.1% during the 3rd quarter. O Brien Greene & Co. Inc now owns 5,229 shares of the oil and gas company’s stock valued at $851,000 after acquiring an additional 1,600 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Wall Street Zen upgraded ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Morgan Stanley increased their target price on shares of ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. UBS Group upped their price target on shares of ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Freedom Broker increased their target price on shares of ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a research note on Friday, November 6th. Finally, Barclays raised their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $170.38.

ExxonMobil Price Performance

Shares of XOM stock opened at $166.54 on Thursday. ExxonMobil Corporation has a fifty-two week low of $114.19 and a fifty-two 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. The business’s 50 day moving average price is $169.10 and its 200-day moving average price is $155.88. The firm has a market cap of $679.37 billion, a P/E ratio of 17.12, a P/E/G ratio of 0.82 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released 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 during the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the prior year, the firm earned $1.88 earnings per share. On average, equities research analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is presently 42.34%.

ExxonMobil News Summary

Here’s some of the latest news about XOM:

• Positive Sentiment: A valuation analysis argues ExxonMobil may be about 24% undervalued, pointing to its cash-generation potential and diversified project portfolio. That is an analyst’s assessment, not a company forecast, and the article notes softer oil prices as a consideration. Article: ExxonMobil Stock May Be 24% Undervalued
• Neutral Sentiment: Exxon is assessing seven areas in Venezuela under a preliminary agreement to explore possible energy projects. The move could create longer-term growth options, but it is not a commitment to invest or produce, and Venezuela’s political and investment risks remain significant given Exxon’s history there. Article: Exxon assessing seven areas in Venezuela
• Neutral Sentiment: The CEO’s unexpected absence from global climate talks prompted questions about Exxon’s energy priorities, but no specific operational or financial change was reported. Article: Exxon’s CEO walked away from global climate talks

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.