ExxonMobil Corporation $XOM Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,153,410 shares of the oil and gas company’s stock after acquiring an additional 17,544 shares during the quarter. ExxonMobil comprises approximately 0.6% of Calamos Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Calamos Advisors LLC’s holdings in ExxonMobil were worth $187,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. NBT Bank N.A. acquired a new stake in ExxonMobil during the third quarter worth approximately $26,000. Aventus Investment Advisors Inc. acquired a new position in shares of ExxonMobil in the 2nd quarter valued at $27,000. Atlantic Private Wealth LLC boosted its holdings in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares in the last quarter. Pioneer Family Office LLC acquired a new position in shares of ExxonMobil in the 3rd quarter valued at $42,000. Finally, Financial Connections Group Inc. purchased a new position in shares of ExxonMobil in the 1st quarter valued at $53,000. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

Shares of ExxonMobil stock traded up $0.51 during trading on Friday, reaching $165.81. The company’s stock had a trading volume of 15,867,839 shares, compared to its average volume of 12,226,232. The company has a 50-day moving average price of $168.83 and a two-hundred day moving average price of $155.41. ExxonMobil Corporation has a fifty-two week low of $114.19 and a fifty-two week high of $188.50. The firm has a market cap of $687.28 billion, a PE ratio of 17.04, a P/E/G ratio of 0.90 and a beta of 0.16. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results 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 in the prior year, the business earned $1.88 EPS. On average, analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be issued 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 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 42.34%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Barclays lifted their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. Citigroup raised their price objective on ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. Finally, Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.38.

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.

ExxonMobil serves customers and operates in markets around the world.