ExxonMobil Corporation $XOM Stock: Diversified Trust Co Boosts Holdings

Diversified Trust Co lifted its stake in ExxonMobil Corporation (NYSE:XOM) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 155,298 shares of the oil and gas company’s stock after purchasing an additional 10,478 shares during the quarter. ExxonMobil comprises about 0.5% of Diversified Trust Co’s portfolio, making the stock its 27th largest holding. Diversified Trust Co’s holdings in ExxonMobil were worth $25,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. NBT Bank N.A. acquired a new position in ExxonMobil during the 3rd quarter valued at approximately $26,000. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil in the second quarter worth $27,000. Atlantic Private Wealth LLC lifted its stake in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after buying an additional 202 shares during the period. Pioneer Family Office LLC acquired a new stake in shares of ExxonMobil during the third quarter worth $42,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of ExxonMobil by 53.1% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock worth $55,000 after buying an additional 113 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. William Blair began coverage on ExxonMobil in a research report on Wednesday, October 28th. They set a “market perform” rating for the company. BMO Capital Markets lifted their price target on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Jefferies Financial Group boosted their price target on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Argus increased their price objective on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $170.79.

Latest ExxonMobil News

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

• Positive Sentiment: Barclays raised its price target to $206 from $200 and maintained an Overweight rating, signaling continued analyst optimism. Article: What’s Going On With ExxonMobil Stock Friday?
• 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

ExxonMobil Stock Up 0.5%

XOM stock opened at $170.56 on Friday. The firm’s fifty day simple moving average is $169.38 and its 200-day simple moving average is $156.22. The company has a market capitalization of $695.77 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 0.84 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 12 month low of $114.19 and a 12 month high of $188.50.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data 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 firm had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. As a group, equities research analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

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

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.