ExxonMobil Corporation $XOM Shares Newly Purchased by Bernicke Wealth Management Ltd.

Bernicke Wealth Management Ltd. purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,489 shares of the oil and gas company’s stock, valued at approximately $1,544,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CPA Asset Management Group LLC grew its stake in ExxonMobil by 1.8% during the third quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after buying an additional 60 shares during the last quarter. DecisionMap Wealth Management LLC increased its holdings in shares of ExxonMobil by 2.2% during the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after buying an additional 62 shares in the last quarter. DSG Capital Advisors LLC raised its stake in shares of ExxonMobil by 0.4% in the third quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock valued at $2,611,000 after acquiring an additional 62 shares during the last quarter. WP Advisors LLC raised its stake in shares of ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock valued at $353,000 after acquiring an additional 63 shares during the last quarter. Finally, Acorn Creek Capital LLC raised its stake in shares of ExxonMobil by 2.0% in the third quarter. Acorn Creek Capital LLC now owns 3,264 shares of the oil and gas company’s stock valued at $531,000 after acquiring an additional 64 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Up 0.5%

XOM opened at $170.56 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $695.77 billion, a PE ratio of 17.53, a PEG ratio of 0.84 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The firm has a 50-day moving average price of $169.38 and a two-hundred day moving average price of $156.22.

ExxonMobil (NYSE:XOM) last announced its 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 company had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. As a group, equities analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a $1.07 dividend. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is 43.99%.

ExxonMobil News Roundup

Here’s some of the latest news about XOM:

• Positive Sentiment: Higher oil prices are supporting earnings. Reports cite crude prices above $85—and Brent near $96—as a boost to ExxonMobil’s upstream business. Stronger refining margins have also contributed to earnings, though oil prices can be volatile. Article: ExxonMobil investment returns
• Positive Sentiment: Shareholder returns remain robust: ExxonMobil raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase, and plans $20 billion in buybacks in 2027. The company generated more than $39 billion in free cash flow through September. Article: ExxonMobil dividend and buyback plans
• Negative Sentiment: Bernstein lowered its price target to $186 from $193 and warned that oil stocks may struggle to appreciate, while keeping an Outperform rating. Article: Analyst trims oil-stock price targets

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Wall Street Zen raised ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Weiss Ratings raised ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Citigroup lifted their price objective on ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Finally, Piper Sandler boosted their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil has a consensus rating of “Hold” and a consensus price target of $170.79.

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.