ExxonMobil Corporation $XOM Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in ExxonMobil Corporation (NYSE:XOM) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 31,933,523 shares of the oil and gas company’s stock after acquiring an additional 465,409 shares during the quarter. ExxonMobil accounts for about 1.5% of Fisher Asset Management LLC’s holdings, making the stock its 17th largest position. Fisher Asset Management LLC’s holdings in ExxonMobil were worth $5,197,181,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NBT Bank N.A. acquired a new stake in shares of ExxonMobil in the 3rd quarter valued at $26,000. Aventus Investment Advisors Inc. bought a new stake in shares of ExxonMobil in the 2nd quarter worth about $27,000. Atlantic Private Wealth LLC grew 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 worth $39,000 after purchasing an additional 202 shares during the last quarter. Pioneer Family Office LLC acquired a new stake in shares of ExxonMobil during the 3rd quarter worth about $42,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil during the 1st quarter worth about $53,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Summary

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

• Positive Sentiment: ExxonMobil made a $12.5 billion final investment decision on its Longtail offshore Guyana development. The project is expected to add future production capacity and reinforce the company’s growth in a key low-cost producing region, though it requires substantial capital. Article: ExxonMobil takes $12.5-billion FID on Longtail development offshore Guyana
• 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

Analysts Set New Price Targets

Several equities analysts recently issued reports on XOM shares. Weiss Ratings raised shares of ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. Freedom Broker boosted their price target on shares of ExxonMobil from $142.00 to $162.00 and gave the company a “hold” rating in a research report on Friday, November 6th. HSBC reaffirmed a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. Morgan Stanley raised their price objective on shares of ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ExxonMobil has a consensus rating of “Hold” and a consensus price target of $170.54.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $169.78 on Friday. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month high of $188.50. The firm has a market cap of $692.55 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. 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 business has a fifty day moving average of $169.21 and a 200-day moving average of $156.06.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion for 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 prior year, the company earned $1.88 EPS. On average, equities research analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, November 16th. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is 42.34%.

ExxonMobil 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.