ExxonMobil Corporation $XOM Stock Position Lessened by First Command Advisory Services Inc.

First Command Advisory Services Inc. reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 21.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 24,974 shares of the oil and gas company’s stock after selling 7,000 shares during the period. First Command Advisory Services Inc.’s holdings in ExxonMobil were worth $4,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CPA Asset Management Group LLC increased its holdings in ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC increased its stake in shares of ExxonMobil by 2.2% in the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock valued at $474,000 after buying an additional 62 shares in the last quarter. DSG Capital Advisors LLC raised its holdings in shares of ExxonMobil by 0.4% in the third quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock valued at $2,611,000 after buying an additional 62 shares during the last quarter. WP Advisors LLC raised its holdings in shares of ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 63 shares during the last quarter. Finally, Avant Capital LLC lifted its position in ExxonMobil by 0.6% during the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after buying an additional 65 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting ExxonMobil

Here are a few of the latest headlines about XOM:

• Positive Sentiment: A valuation analysis argues ExxonMobil may be about 24% undervalued, pointing to its cash-generation potential and diversified project portfolio. That is an analyst’s assessment, not a company forecast, and the article notes softer oil prices as a consideration. Article: ExxonMobil Stock May Be 24% Undervalued
• Neutral Sentiment: Exxon has launched a legal challenge to EU carbon-capture rules, seeking to suspend timing requirements. The outcome could affect compliance costs and project schedules, but the report does not establish whether the challenge will succeed. Article: ExxonMobil challenges EU carbon capture rules
• Neutral Sentiment: The CEO’s unexpected absence from global climate talks prompted questions about Exxon’s energy priorities, but no specific operational or financial change was reported. Article: Exxon’s CEO walked away from global climate talks

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Barclays boosted their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Freedom Broker upped their target price on shares of ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a research report on Friday, November 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $178.00 price target on shares of ExxonMobil in a research note on Tuesday, October 20th. Finally, Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $170.38.

ExxonMobil Trading Up 1.3%

Shares of XOM opened at $166.54 on Thursday. The stock’s fifty day simple moving average is $169.10 and its 200-day simple moving average is $155.88. The firm has a market capitalization of $679.37 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $114.19 and a 12-month high of $188.50. 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 (NYSE:XOM) last announced its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same period last year, the company earned $1.88 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is presently 42.34%.

About ExxonMobil

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.