ExxonMobil Corporation $XOM Stock Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,476 shares of the oil and gas company’s stock after selling 6,345 shares during the quarter. ExxonMobil makes up 1.9% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 14th largest position. Middleton & Co. Inc. MA’s holdings in ExxonMobil were worth $17,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in XOM. Simplicity Wealth LLC lifted its stake in ExxonMobil by 10.2% in the 3rd quarter. Simplicity Wealth LLC now owns 99,930 shares of the oil and gas company’s stock worth $16,264,000 after purchasing an additional 9,251 shares in the last quarter. Madrona Financial Services LLC boosted its holdings in ExxonMobil by 13.6% in the 3rd quarter. Madrona Financial Services LLC now owns 1,722 shares of the oil and gas company’s stock valued at $280,000 after purchasing an additional 206 shares during the period. Carolina Wealth Advisors LLC grew its position in shares of ExxonMobil by 132.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 446 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 254 shares in the last quarter. NTV Asset Management LLC grew its position in shares of ExxonMobil by 8.6% during the 3rd quarter. NTV Asset Management LLC now owns 75,193 shares of the oil and gas company’s stock valued at $12,238,000 after purchasing an additional 5,943 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of ExxonMobil during the 3rd quarter valued at $16,904,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon’s $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Jefferies Financial Group boosted their target price on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Stock Performance

NYSE:XOM opened at $184.41 on Tuesday. The company has a market capitalization of $764.39 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 0.92 and a beta of 0.21. The business has a 50 day moving average of $165.81 and a 200 day moving average of $152.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 1-year low of $112.51 and a 1-year high of $184.59.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the firm posted $1.64 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.2%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

ExxonMobil Company 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.