ExxonMobil Corporation $XOM Stock: Machina Capital S.A.S. Lowers Holdings

Machina Capital S.A.S. reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 20.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,980 shares of the oil and gas company’s stock after selling 6,329 shares during the quarter. Machina Capital S.A.S.’s holdings in ExxonMobil were worth $3,903,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CPA Asset Management Group LLC raised its holdings in shares of ExxonMobil by 1.8% in the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 60 shares during the period. DecisionMap Wealth Management LLC grew its holdings in ExxonMobil by 2.2% during the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 62 shares during the period. DSG Capital Advisors LLC grew its holdings in ExxonMobil by 0.4% during the third quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock worth $2,611,000 after purchasing an additional 62 shares during the period. WP Advisors LLC increased its position in ExxonMobil by 3.0% during the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after buying an additional 63 shares during the last quarter. Finally, Avant Capital LLC increased its position in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil News Roundup

These are some of the XOM news items that stood out recently:

• 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: Exxon has launched a legal challenge to EU carbon-capture rules, seeking to suspend timing requirements. The outcome could affect compliance costs and project schedules, but the report does not establish whether the challenge will succeed. Article: ExxonMobil challenges EU carbon capture rules
• 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

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. William Blair began coverage on ExxonMobil in a research note on Wednesday, October 28th. They issued a “market perform” rating on the stock. BNP Paribas Exane reduced their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley raised their price target on ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $170.38.

ExxonMobil Stock Performance

Shares of XOM stock opened at $166.54 on Thursday. ExxonMobil Corporation has a 52 week low of $114.19 and a 52 week high of $188.50. The company has a market capitalization of $679.37 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.82 and a beta of 0.16. The company has a 50-day simple moving average of $169.10 and a 200 day simple moving average of $155.88. 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 (NYSE:XOM) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.11. The firm had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period in the prior year, the firm earned $1.88 EPS. On average, sell-side analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders 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 is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 42.34%.

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.