174,331 ExxonMobil Corporation $XOM Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 18.6% in the 3rd quarter, Holdings Channel reports. The firm owned 761,720 shares of the oil and gas company’s stock after selling 174,331 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in ExxonMobil were worth $123,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. NBT Bank N.A. purchased a new stake in shares of ExxonMobil in the third quarter worth about $26,000. Aventus Investment Advisors Inc. bought a new position in ExxonMobil during the second quarter valued at approximately $27,000. Atlantic Private Wealth LLC grew its holdings in ExxonMobil by 776.9% during 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 purchased a new position in ExxonMobil during the 3rd quarter valued at approximately $42,000. Finally, Financial Connections Group Inc. purchased a new position in ExxonMobil during the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 1.8%

Shares of XOM opened at $169.78 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $169.21 and a 200 day moving average of $156.06. The company has a market cap of $692.55 billion, a PE ratio of 17.45, a P/E/G ratio of 0.83 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating 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 business had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, sell-side analysts expect that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The company 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. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio (DPR) is 42.34%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on XOM shares. Jefferies Financial Group lifted their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. BNP Paribas Exane cut their target price on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, July 17th. Wells Fargo & Company raised their target price on shares of ExxonMobil from $182.00 to $189.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.54.

ExxonMobil News Summary

These are some of the XOM news items that stood out recently:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

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.