ExxonMobil Corporation $XOM Position Boosted by Probity Advisors Inc.

Probity Advisors Inc. increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 31.4% in the third quarter, Holdings Channel reports. The firm owned 12,663 shares of the oil and gas company’s stock after buying an additional 3,027 shares during the period. Probity Advisors Inc.’s holdings in ExxonMobil were worth $2,061,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. Amundi boosted its stake in ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after buying an additional 1,192,386 shares during the period. GQG Partners LLC boosted its stake in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after buying an additional 10,214,420 shares during the period. Swiss National Bank increased its position in shares of ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock valued at $2,099,783,000 after acquiring an additional 693,800 shares during the last quarter. Finally, National Pension Service increased its position in shares of ExxonMobil by 1.8% during the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock valued at $1,321,265,000 after acquiring an additional 166,268 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $184.41 on Tuesday. The business has a 50-day moving average of $165.81 and a 200 day moving average of $152.82. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $184.59. The stock has a market capitalization of $764.39 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM) last released 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). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the firm earned $1.64 earnings per share. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 13.63 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.2%. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on XOM shares. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Argus increased their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. BMO Capital Markets increased their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a report on Tuesday, August 4th. Finally, UBS Group reissued a “buy” rating and issued a $199.00 target price on shares of ExxonMobil in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s refining business is expected to provide an approximately $4.5 billion earnings boost, potentially offsetting weaker results from lower crude prices. Investors are focused on whether this refining windfall will drive a strong third quarter. Can Exxon’s $4.5 Billion Refining Windfall Defy Dropping Crude Prices on Oct. 30?
• Positive Sentiment: Exchange-traded funds purchased about $1.41 billion of XOM on October 22, signaling strong institutional demand and helping support the stock’s recent advance. ETFs Bought $1.41 Billion of ExxonMobil
• Positive Sentiment: Analysts and value-investing commentary continue to highlight ExxonMobil’s scale, balance sheet, valuation and shareholder-return potential, supporting the view that XOM can remain attractive for long-term investors. Why Exxon Mobil Holdings Is a Top Value Stock for the Long-Term
• Positive Sentiment: ExxonMobil’s stock recently reached a record close amid elevated Brent crude prices, reinforcing momentum in the energy sector. ExxonMobil Stock Hit a Record Close
• Neutral Sentiment: Erste Group raised its earnings estimates for ExxonMobil, while the broader market enters a volatile week dominated by major earnings reports, economic data and an upcoming Federal Reserve meeting. Erste Group Bank Boosts Earnings Estimates for ExxonMobil
• Negative Sentiment: Persian Gulf oil exports have reportedly recovered above pre-conflict levels, and hopes that the Iran conflict is easing have pushed Brent crude lower. Increased supply and falling oil prices could pressure ExxonMobil’s upstream earnings and challenge its recent rally. Gulf Oil Is Roaring Back as Exxon Heads Into Earnings
• Negative Sentiment: With XOM trading near record levels and one valuation estimate below the current price, investors may require a strong earnings beat or favorable guidance to justify additional gains. Higher Treasury-bill yields also make dividend stocks relatively less attractive for income-focused investors. T-Bills Yield Up to 4.45% and Dividend Stocks

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.