48,983 ExxonMobil Corporation $XOM Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in ExxonMobil Corporation (NYSE:XOM) by 15.6% in the third quarter, HoldingsChannel reports. The firm owned 363,521 shares of the oil and gas company’s stock after buying an additional 48,983 shares during the quarter. Vise Technologies Inc.’s holdings in ExxonMobil were worth $59,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. NBT Bank N.A. bought a new position in shares of ExxonMobil during the 3rd quarter worth approximately $26,000. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil in the second quarter valued at approximately $27,000. Atlantic Private Wealth LLC grew its holdings in shares of ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of ExxonMobil during the first quarter valued at approximately $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position 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 valued at $55,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Mizuho dropped their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. TD Cowen upped their price objective on ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Wells Fargo & Company downgraded ExxonMobil from an “overweight” rating to an “equal weight” rating and set a $182.00 price objective for the company. in a research note on Thursday, October 1st. Piper Sandler raised their target price on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley lifted their target price on ExxonMobil from $177.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $187.03 on Monday. The firm has a market capitalization of $775.23 billion, a PE ratio of 19.22, a P/E/G ratio of 0.94 and a beta of 0.21. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $167.76 and a two-hundred day moving average price of $154.35. ExxonMobil Corporation has a twelve month low of $112.51 and a twelve month high of $188.50.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.11. The company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 13.58 EPS for the current year.

ExxonMobil Increases Dividend

The firm 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 2.3%. 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. ExxonMobil’s payout ratio is presently 42.34%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strong Q3 earnings supported the rally. ExxonMobil generated approximately $15.4 billion in GAAP net income, or $3.72 in basic earnings per share, on $110.5 billion of revenue. Results exceeded expectations, with refining margins providing the main boost. ExxonMobil Q3 earnings article
• Positive Sentiment: Dividend growth reinforces ExxonMobil’s income appeal. The company raised its quarterly dividend 3.9% to $1.07 per share, equivalent to $4.28 annually and a yield of roughly 2.3%. The increase reportedly marks the 44th consecutive annual dividend increase. ExxonMobil Q3 earnings takeaways
• Positive Sentiment: Cash generation and capital returns remain strong. Free cash flow reportedly surged 90% year to date. ExxonMobil spent $5.1 billion on share repurchases during the quarter, more than its $4.3 billion in dividend payments, and reduced net debt by nearly $11 billion during the first nine months. ExxonMobil dividend and free cash flow article
• Positive Sentiment: Analysts and financial commentators continue to describe XOM as a blue-chip energy holding, citing its low beta, scale and diversified upstream portfolio. Elevated geopolitical tensions have also supported oil-company profits and investor interest in the sector. ExxonMobil blue-chip energy investment article
• Neutral Sentiment: Heavy trading in ExxonMobil call options and a reported 2.3% increase in Childress Capital Advisors’ stake suggest bullish positioning, but neither necessarily reflects long-term fundamental demand.
• Negative Sentiment: Investors should watch earnings quality and valuation. Upstream earnings declined, refining margins drove much of the quarterly beat, and some reports characterized sales as below analyst estimates. With shares near their 52-week high, future gains may depend on sustained commodity prices and refining strength. ExxonMobil refining profits article

ExxonMobil 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.