5,419 ExxonMobil Corporation $XOM Shares Sold by Doliver Advisors LP

Doliver Advisors LP reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 0.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,047,445 shares of the oil and gas company’s stock after selling 5,419 shares during the period. ExxonMobil accounts for about 36.8% of Doliver Advisors LP’s portfolio, making the stock its biggest position. Doliver Advisors LP’s holdings in ExxonMobil were worth $170,472,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after purchasing an additional 37,666 shares during the period. Charles Schwab Trust Co boosted its position in shares of ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after purchasing an additional 97,424 shares during the period. CV Advisors LLC boosted its position in shares of ExxonMobil by 126.7% in the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 6,478 shares during the period. Midwest Trust Co increased its stake in ExxonMobil by 3.9% in the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after purchasing an additional 26,411 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in ExxonMobil by 48.4% during the 4th quarter. Vise Technologies Inc. now owns 137,262 shares of the oil and gas company’s stock worth $16,518,000 after buying an additional 44,767 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XOM shares. TD Cowen upped their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Monday. Citigroup restated a “neutral” rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. The Goldman Sachs Group upped their price target on ExxonMobil from $168.00 to $169.00 and gave the company a “neutral” rating in a research report on Tuesday, September 22nd. Barclays reduced their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. raised their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Eleven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $164.78.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s low-cost Guyana and Permian Basin assets, expected production growth and cost reductions are viewed as supporting long-term earnings, cash flow and shareholder returns. ExxonMobil’s Advantageous Upstream Assets to Fuel Long-Term Growth
• Positive Sentiment: Surging diesel prices and constrained refined-fuel supplies could improve ExxonMobil’s refining margins, particularly while fuel markets remain tight. A 10-week shutdown at the United Kingdom’s largest refinery reinforces the supply-constrained backdrop. Diesel Prices Are Surging and ExxonMobil Stock Could Benefit
• Positive Sentiment: Potential crude-supply agreements with Vietnam could expand ExxonMobil’s exposure to crude, liquefied natural gas and liquefied petroleum gas opportunities in a growing Asian market. Chevron & ExxonMobil Ink Potential Crude Supply Deals With Vietnam
• Positive Sentiment: ExxonMobil selected SLB’s OneSubsea venture to provide subsea systems for the first phase of its major Rovuma LNG project in Mozambique, advancing a potentially significant future growth project. ExxonMobil Taps SLB Venture for Giant African LNG Project
• Positive Sentiment: ExxonMobil and other companies defeated a consumer lawsuit alleging misleading plastic-recycling claims, removing a potential legal overhang. Exxon, Others Defeat Consumer Lawsuit Over Plastic Recycling Claims
• Neutral Sentiment: Wells Fargo reaffirmed its Equal Weight rating but raised or maintained a $182 price target, implying additional upside from recent trading levels. The unchanged rating suggests analysts see a balanced risk-reward profile. Thursday’s Top Wall Street Analyst Research Calls
• Neutral Sentiment: Refiners such as Marathon Petroleum and Valero have recently outperformed integrated majors, indicating that current investor enthusiasm is focused more on fuel margins than ExxonMobil’s diversified business. Refiners Outrun Integrated Majors
• Negative Sentiment: ExxonMobil is reportedly among companies facing a potential $5.2 billion Kazakhstan fine, creating an unresolved legal and financial risk that could weigh on sentiment. Market Chatter: Shell, TotalEnergies, ExxonMobil Face Kazakhstan Fine

ExxonMobil Stock Up 0.6%

NYSE:XOM traded up $1.05 during trading hours on Thursday, reaching $163.80. The company’s stock had a trading volume of 11,702,738 shares, compared to its average volume of 18,361,355. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $678.93 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18. The business’s 50-day moving average is $160.33 and its 200-day moving average is $153.84. ExxonMobil Corporation has a one year low of $110.39 and a one year high of $176.41.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the firm posted $1.64 earnings per share. Equities research analysts predict that ExxonMobil Corporation will post 12.01 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio is presently 53.02%.

ExxonMobil Company Profile

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.