Pavion Blue Capital LLC Buys 5,590 Shares of ExxonMobil Corporation $XOM

Pavion Blue Capital LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, HoldingsChannel reports. The fund bought 5,590 shares of the oil and gas company’s stock, valued at approximately $910,000.

A number of other hedge funds also recently modified their holdings of XOM. Dimensional Fund Advisors LP lifted its position 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 worth $4,812,790,000 after purchasing an additional 1,540,902 shares during the period. Amundi grew its stake in ExxonMobil by 5.1% during 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 increased its holdings in ExxonMobil by 153.3% in the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after buying an additional 10,214,420 shares during the period. Swiss National Bank increased its holdings in ExxonMobil by 5.9% in the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock valued at $2,099,783,000 after buying an additional 693,800 shares during the period. Finally, National Pension Service increased its holdings in ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock valued at $1,321,265,000 after buying an additional 166,268 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. William Blair started coverage on shares of ExxonMobil in a research report on Wednesday, October 28th. They issued a “market perform” rating for the company. BMO Capital Markets increased their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Morgan Stanley lifted their price objective on shares of ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. TD Cowen lifted their price objective on shares of ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Finally, DZ Bank downgraded shares of ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 price objective for the company. in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.38.

ExxonMobil Price Performance

Shares of XOM stock opened at $166.54 on Thursday. The business has a fifty day simple moving average of $169.10 and a 200 day simple moving average of $155.88. The company 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. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month high of $188.50.

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, beating analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, sell-side analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is currently 42.34%.

ExxonMobil News Roundup

Investors following XOM have been watching these news items:

• 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 Company 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.