5,590 Shares of ExxonMobil Corporation $XOM Bought by Pavion Blue Capital LLC

Pavion Blue Capital LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,590 shares of the oil and gas company’s stock, valued at approximately $910,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GQG Partners LLC raised its holdings in ExxonMobil by 153.3% in the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in ExxonMobil during the first quarter worth approximately $766,345,000. Dimensional Fund Advisors LP lifted its position in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after acquiring an additional 1,540,902 shares during the last quarter. Fifth Third Bancorp lifted its position in ExxonMobil by 63.3% during the first quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company’s stock worth $571,996,000 after acquiring an additional 1,307,465 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of ExxonMobil during the third quarter worth approximately $201,518,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

NYSE:XOM 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 debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. The firm’s 50-day simple moving average is $169.10 and its 200 day simple moving average is $155.88. The firm has a market cap of $679.37 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.82 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The firm had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same quarter in the previous year, the firm posted $1.88 EPS. As a group, sell-side analysts predict that ExxonMobil Corporation will post 13.34 earnings per share 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 dividend of $1.07 per share. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s payout ratio is 42.34%.

Analyst Ratings Changes

XOM has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $178.00 target price on shares of ExxonMobil in a research report on Tuesday, October 20th. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Piper Sandler boosted their price target on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price objective on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.38.

Top ExxonMobil Stories

Investors following XOM have been watching these stories:

• 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

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.