ExxonMobil Corporation $XOM Stock: Ritholtz Wealth Management Grows Position

Ritholtz Wealth Management lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,916 shares of the oil and gas company’s stock after acquiring an additional 10,758 shares during the period. Ritholtz Wealth Management’s holdings in ExxonMobil were worth $18,865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XOM. CPA Asset Management Group LLC raised its holdings in ExxonMobil by 1.8% during the third quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after purchasing an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC lifted its position in shares of ExxonMobil by 2.2% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after buying an additional 62 shares during the last quarter. DSG Capital Advisors LLC boosted its holdings in shares of ExxonMobil by 0.4% in the 3rd quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock valued at $2,611,000 after buying an additional 62 shares in the last quarter. WP Advisors LLC boosted its holdings in shares of ExxonMobil by 3.0% in the 3rd quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 63 shares in the last quarter. Finally, Avant Capital LLC grew its position in shares of ExxonMobil by 0.6% in the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock valued at $1,529,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

XOM stock opened at $166.54 on Thursday. The company has a market capitalization of $679.37 billion, a P/E ratio of 17.12, a PEG ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month high of $188.50. The business has a 50 day simple moving average of $169.10 and a 200-day simple moving average of $155.88. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM) last announced its 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 business had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period last year, the firm posted $1.88 earnings per share. As a group, equities analysts anticipate that ExxonMobil Corporation will post 13.34 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 given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is 42.34%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Argus lifted 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. JPMorgan Chase & Co. upped their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Barclays raised their price objective on ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. Finally, Morgan Stanley raised their price objective on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $170.38.

Trending Headlines about ExxonMobil

Here are a few of the latest headlines 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: Exxon has launched a legal challenge to EU carbon-capture rules, seeking to suspend timing requirements. The outcome could affect compliance costs and project schedules, but the report does not establish whether the challenge will succeed. Article: ExxonMobil challenges EU carbon capture rules

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.