North Dakota State Investment Board Acquires 4,324 Shares of ExxonMobil Corporation $XOM

North Dakota State Investment Board increased its holdings in ExxonMobil Corporation (NYSE:XOM) by 3.5% during the third quarter, HoldingsChannel.com reports. The fund owned 127,013 shares of the oil and gas company’s stock after buying an additional 4,324 shares during the period. ExxonMobil makes up approximately 0.8% of North Dakota State Investment Board’s holdings, making the stock its 19th largest holding. North Dakota State Investment Board’s holdings in ExxonMobil were worth $20,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. North Star Investment Management Corp. raised its stake in ExxonMobil by 2.6% during the 3rd quarter. North Star Investment Management Corp. now owns 59,236 shares of the oil and gas company’s stock valued at $9,641,000 after acquiring an additional 1,520 shares during the last quarter. Heritage Wealth Management Inc. CA grew its stake in shares of ExxonMobil by 2.7% in the 3rd quarter. Heritage Wealth Management Inc. CA now owns 3,327 shares of the oil and gas company’s stock valued at $541,000 after purchasing an additional 86 shares during the last quarter. SpringVest Wealth Management LLC grew its stake in shares of ExxonMobil by 21.6% in the 3rd quarter. SpringVest Wealth Management LLC now owns 3,223 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 573 shares during the last quarter. Financial Insights Inc. acquired a new position in shares of ExxonMobil in the third quarter valued at approximately $1,310,000. Finally, Convergence Financial LLC increased its holdings in shares of ExxonMobil by 12.5% in the third quarter. Convergence Financial LLC now owns 5,938 shares of the oil and gas company’s stock valued at $966,000 after purchasing an additional 661 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

NYSE:XOM opened at $183.15 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $184.88. The stock has a market cap of $759.15 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. The firm’s fifty day simple moving average is $167.35 and its 200-day simple moving average is $154.04.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the prior year, the business earned $1.64 EPS. Analysts expect that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal year.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Barclays upped their price target on ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Wells Fargo & Company lowered shares of ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 price objective on the stock. in a research report on Thursday, October 1st. DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research report on Tuesday, August 4th. Jefferies Financial Group boosted their price objective on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Citigroup restated a “neutral” rating and set a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, ExxonMobil has an average rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Company Profile

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.