Ferguson Wellman Capital Management Inc. Acquires 3,358 Shares of ExxonMobil Corporation $XOM

Ferguson Wellman Capital Management Inc. increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,681 shares of the oil and gas company’s stock after buying an additional 3,358 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in ExxonMobil were worth $37,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC lifted its stake 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 in the last quarter. Quantum Portfolio Management LLC purchased a new stake in shares of ExxonMobil in the 1st quarter valued at approximately $965,932,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of ExxonMobil during the 1st quarter worth $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after purchasing an additional 2,465,410 shares in the last quarter. Finally, Diamant Asset Management Inc. increased its stake in ExxonMobil by 17,312.4% during the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock worth $370,514,000 after buying an additional 2,171,322 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.2%

XOM stock traded down $0.27 during trading on Monday, reaching $163.74. The stock had a trading volume of 4,429,140 shares, compared to its average volume of 18,249,580. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $160.61 and a 200 day moving average price of $153.94. The company has a market capitalization of $678.68 billion, a P/E ratio of 21.09, a PEG ratio of 0.97 and a beta of 0.21. ExxonMobil Corporation has a 1-year low of $110.39 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the company earned $1.64 earnings per share. On average, equities analysts anticipate that ExxonMobil Corporation will post 12.4 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s payout ratio is currently 53.02%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, August 17th. BMO Capital Markets increased their target price on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, HSBC restated a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a report on Friday, September 25th. Eleven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $164.78.

About ExxonMobil

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.