ExxonMobil Corporation $XOM Stock: Inscription Capital LLC Trims Position

Inscription Capital LLC lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 23.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,482 shares of the oil and gas company’s stock after selling 13,333 shares during the period. ExxonMobil accounts for 0.8% of Inscription Capital LLC’s investment portfolio, making the stock its 21st largest position. Inscription Capital LLC’s holdings in ExxonMobil were worth $7,077,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBT Bank N.A. purchased a new position in shares of ExxonMobil during the 3rd quarter worth $26,000. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil in the second quarter valued at about $27,000. Atlantic Private Wealth LLC increased its position in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares during the last quarter. Pioneer Family Office LLC acquired a new stake in ExxonMobil during the third quarter worth about $42,000. Finally, Financial Connections Group Inc. acquired a new stake in ExxonMobil during the first quarter worth about $53,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM stock opened at $165.49 on Friday. The firm’s 50 day moving average price is $168.65 and its 200-day moving average price is $155.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. ExxonMobil Corporation has a one year low of $113.64 and a one year high of $188.50. The firm has a market cap of $675.06 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.83 and a beta of 0.16.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The firm had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. During the same quarter last year, the company posted $1.88 EPS. As a group, equities research analysts predict that ExxonMobil Corporation will post 13.54 EPS for the current year.

ExxonMobil Increases Dividend

The company 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 $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is currently 42.34%.

Trending Headlines about ExxonMobil

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. Wall Street Zen upgraded ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Piper Sandler raised their target price on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. TD Cowen lifted their target price on ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group upped their price target on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and a consensus price target of $170.74.

Check Out Our Latest Analysis on XOM

About ExxonMobil

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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