40,000 Shares in ExxonMobil Corporation $XOM Bought by MFF Capital Investments Ltd

MFF Capital Investments Ltd purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 40,000 shares of the oil and gas company’s stock, valued at approximately $6,510,000. ExxonMobil accounts for about 0.4% of MFF Capital Investments Ltd’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in ExxonMobil by 5.7% in the 1st 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 buying an additional 1,540,902 shares in the last quarter. Amundi increased its position in ExxonMobil by 5.1% during the 1st 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 period. GQG Partners LLC lifted its holdings in shares of ExxonMobil by 153.3% during 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 in the last quarter. Swiss National Bank lifted its holdings in shares of ExxonMobil by 5.9% during the first 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 in the last quarter. Finally, National Pension Service lifted its holdings in shares of ExxonMobil by 1.8% during the second 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 in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $164.42 on Wednesday. The company’s 50 day simple moving average is $169.06 and its 200 day simple moving average is $155.72. The stock has a market capitalization of $670.71 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The firm had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the prior year, the company earned $1.88 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is 43.99%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. HSBC reissued a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research note on Tuesday, October 20th. DZ Bank lowered shares of ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 target price on the stock. in a research report on Wednesday, November 4th. Finally, Freedom Broker raised their target price on shares of ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a report on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.38.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signed a preliminary agreement to evaluate oil opportunities in Venezuela, potentially opening access to significant resources and future production growth. The deal is only exploratory, however, and does not mean the company is returning to full-scale operations. Reuters article
• Neutral Sentiment: The Venezuela opportunity comes with substantial political and asset risks: ExxonMobil has previously lost assets there, and its CEO had called the country “uninvestable.” That history may limit how quickly the company commits capital. The Motley Fool article
• Negative Sentiment: Energy stocks were falling before Tuesday’s open, suggesting sector-wide weakness that could pressure XOM independently of company-specific news. Energy sector update
• Negative Sentiment: ExxonMobil paused work on its planned Texas hydrogen facility amid weak customer demand and uncertainty about federal funding. The delay raises questions about the timing and growth prospects of its low-carbon business. Yahoo Finance article

About ExxonMobil

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.