MFG Investments LLC Buys 2,903 Shares of ExxonMobil Corporation $XOM

MFG Investments LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, HoldingsChannel reports. The fund bought 2,903 shares of the oil and gas company’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Amundi boosted its holdings in ExxonMobil by 5.1% in the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares in the last quarter. GQG Partners LLC boosted 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 purchasing an additional 10,214,420 shares in the last quarter. Swiss National Bank increased its position in ExxonMobil by 5.9% during the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after purchasing an additional 693,800 shares during the period. Finally, National Pension Service increased its position in ExxonMobil by 1.8% during the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after purchasing an additional 166,268 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon beat third-quarter earnings expectations, with adjusted EPS of $4.23. Refining strength, improved margins and record downstream utilization helped offset weaker upstream earnings. How Investors Are Reacting To ExxonMobil Stock Earnings
• Positive Sentiment: Investors are also receiving substantial cash returns: Exxon raised its quarterly dividend to $1.07 per share and increased its share-repurchase authorization to $110 billion. UBS raised its price target to $213 and kept a Buy rating after the results. UBS raises ExxonMobil price target
• Positive Sentiment: XOM’s move above its 200-day moving average is a technical signal some investors view as supportive of a longer-term uptrend. The company also took a 50% stake in Mozambique LNG, adding to its long-term growth opportunities. ExxonMobil crosses its 200-day moving average
• Neutral Sentiment: Oil traders are weighing conflicting signals about U.S.-Iran tensions and the possibility of a deal. Any change in perceived supply risk could move crude prices—and Exxon’s upstream outlook—in either direction. Report on U.S.-Iran tensions and oil markets
• Negative Sentiment: After a strong run, XOM’s valuation is considered elevated, leaving less room for disappointment. Upstream earnings declined sequentially, and lower crude prices could add pressure; the retreat from recent highs suggests investors are taking profits and reassessing how much good news is already priced in. ExxonMobil stock valuation and outlook

ExxonMobil Trading Down 1.2%

Shares of XOM opened at $177.50 on Wednesday. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $188.50. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $735.72 billion, a P/E ratio of 18.24, a PEG ratio of 0.90 and a beta of 0.16. The firm’s 50-day moving average is $168.33 and its two-hundred day moving average is $154.86.

ExxonMobil (NYSE:XOM) last posted its quarterly 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. 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 last year, the firm earned $1.88 EPS. On average, research analysts predict that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.4%. 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 dividend payout ratio (DPR) is 42.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. William Blair initiated coverage on ExxonMobil in a research note on Wednesday, October 28th. They issued a “market perform” rating on the stock. Citigroup reaffirmed a “neutral” rating and set a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. BNP Paribas Exane cut their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. Finally, BMO Capital Markets raised their target price on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.70.

About ExxonMobil

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.