Sigma Investment Counselors Inc. Buys 3,066 Shares of ExxonMobil Corporation $XOM

Sigma Investment Counselors Inc. increased its stake in ExxonMobil Corporation (NYSE:XOM) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,114 shares of the oil and gas company’s stock after purchasing an additional 3,066 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in ExxonMobil were worth $6,529,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after purchasing an additional 1,540,902 shares during the period. Amundi lifted its stake in shares of ExxonMobil by 5.1% in 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 during the last quarter. GQG Partners LLC lifted its stake in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after buying an additional 10,214,420 shares during the last quarter. Swiss National Bank boosted its holdings in shares of 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 buying an additional 693,800 shares during the period. Finally, National Pension Service boosted its holdings in shares of 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 buying an additional 166,268 shares during the period. Institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research note on Tuesday, August 4th. Wells Fargo & Company lowered shares of ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 target price for the company. in a research report on Thursday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Finally, Mizuho lowered their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $183.15 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $167.35 and its two-hundred day moving average is $154.04. The company has a market cap of $759.15 billion, a P/E ratio of 23.57, a P/E/G ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $184.88.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results 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 return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the firm earned $1.64 earnings per share. On average, equities analysts expect that ExxonMobil Corporation will post 13.61 EPS for the current year.

ExxonMobil Profile

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.