230,334 Shares of ExxonMobil Corporation $XOM Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 230,334 shares of the oil and gas company’s stock, valued at approximately $37,487,000. ExxonMobil makes up approximately 1.8% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Dimensional Fund Advisors LP grew its stake in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. Amundi increased its holdings in shares of 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 in the last quarter. GQG Partners LLC raised its stake in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the last quarter. Swiss National Bank raised its stake in shares of ExxonMobil by 5.9% in 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 boosted its holdings in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after acquiring an additional 166,268 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Down 0.2%

NYSE:XOM opened at $164.42 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a 12-month low of $114.19 and a 12-month high of $188.50. The stock’s fifty day simple moving average is $169.06 and its 200-day simple moving average is $155.72. The firm has a market capitalization of $670.71 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.82 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The business had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter in the prior year, the company posted $1.88 earnings per share. Equities research analysts expect that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is 43.99%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Argus boosted their price objective on ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Piper Sandler raised their target price on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $178.00 price target on shares of ExxonMobil in a report on Tuesday, October 20th. JPMorgan Chase & Co. upped their price target on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.38.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signed a preliminary agreement to evaluate oil opportunities in Venezuela, potentially opening access to significant resources and future production growth. The deal is only exploratory, however, and does not mean the company is returning to full-scale operations. Reuters article
• Neutral Sentiment: The Venezuela opportunity comes with substantial political and asset risks: ExxonMobil has previously lost assets there, and its CEO had called the country “uninvestable.” That history may limit how quickly the company commits capital. The Motley Fool article
• Negative Sentiment: Energy stocks were falling before Tuesday’s open, suggesting sector-wide weakness that could pressure XOM independently of company-specific news. Energy sector update
• Negative Sentiment: ExxonMobil paused work on its planned Texas hydrogen facility amid weak customer demand and uncertainty about federal funding. The delay raises questions about the timing and growth prospects of its low-carbon business. Yahoo Finance article

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.