4,030 ExxonMobil Corporation $XOM Shares Sold by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,501 shares of the oil and gas company’s stock after selling 4,030 shares during the period. ExxonMobil makes up about 0.4% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 25th largest position. Moss Adams Wealth Advisors LLC’s holdings in ExxonMobil were worth $5,615,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBT Bank N.A. purchased a new position in shares of ExxonMobil in the 3rd quarter valued at about $26,000. Aventus Investment Advisors Inc. purchased a new stake in ExxonMobil during the second quarter worth about $27,000. Atlantic Private Wealth LLC boosted its holdings 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 buying an additional 202 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in ExxonMobil during the first quarter worth about $53,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in ExxonMobil by 53.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock worth $55,000 after buying an additional 113 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strong Q3 earnings supported the rally. ExxonMobil generated approximately $15.4 billion in GAAP net income, or $3.72 in basic earnings per share, on $110.5 billion of revenue. Results exceeded expectations, with refining margins providing the main boost. ExxonMobil Q3 earnings article
• Positive Sentiment: Dividend growth reinforces ExxonMobil’s income appeal. The company raised its quarterly dividend 3.9% to $1.07 per share, equivalent to $4.28 annually and a yield of roughly 2.3%. The increase reportedly marks the 44th consecutive annual dividend increase. ExxonMobil Q3 earnings takeaways
• Positive Sentiment: Cash generation and capital returns remain strong. Free cash flow reportedly surged 90% year to date. ExxonMobil spent $5.1 billion on share repurchases during the quarter, more than its $4.3 billion in dividend payments, and reduced net debt by nearly $11 billion during the first nine months. ExxonMobil dividend and free cash flow article
• Positive Sentiment: Analysts and financial commentators continue to describe XOM as a blue-chip energy holding, citing its low beta, scale and diversified upstream portfolio. Elevated geopolitical tensions have also supported oil-company profits and investor interest in the sector. ExxonMobil blue-chip energy investment article
• Neutral Sentiment: Heavy trading in ExxonMobil call options and a reported 2.3% increase in Childress Capital Advisors’ stake suggest bullish positioning, but neither necessarily reflects long-term fundamental demand.
• Negative Sentiment: Investors should watch earnings quality and valuation. Upstream earnings declined, refining margins drove much of the quarterly beat, and some reports characterized sales as below analyst estimates. With shares near their 52-week high, future gains may depend on sustained commodity prices and refining strength. ExxonMobil refining profits article

ExxonMobil Stock Performance

NYSE XOM opened at $187.03 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $188.50. The business has a fifty day moving average of $167.76 and a 200-day moving average of $154.35. The stock has a market cap of $775.23 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.94 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter last year, the company earned $1.88 earnings per share. As a group, analysts predict that ExxonMobil Corporation will post 13.58 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.3%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is 42.34%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Citigroup reaffirmed a “neutral” rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. UBS Group restated a “buy” rating and issued a $199.00 price target on shares of ExxonMobil in a report on Monday, October 19th. Wells Fargo & Company downgraded ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 price objective for the company. in a research note on Thursday, October 1st. BNP Paribas Exane dropped their price objective on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Finally, Jefferies Financial Group lifted their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.70.

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.