Legacy Trust Purchases 3,402 Shares of ExxonMobil Corporation $XOM

Legacy Trust boosted its position in ExxonMobil Corporation (NYSE:XOM) by 21.9% in the 3rd quarter, Holdings Channel reports. The fund owned 18,903 shares of the oil and gas company’s stock after purchasing an additional 3,402 shares during the period. Legacy Trust’s holdings in ExxonMobil were worth $3,076,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XOM. CPA Asset Management Group LLC boosted its holdings in shares of ExxonMobil by 1.8% during the third quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after purchasing an additional 60 shares during the last quarter. DecisionMap Wealth Management LLC grew its position 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 purchasing an additional 62 shares during the period. DSG Capital Advisors LLC grew its position 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 purchasing an additional 62 shares during the period. WP Advisors LLC increased its stake in 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 purchasing an additional 63 shares during the last quarter. Finally, Acorn Creek Capital LLC increased its stake in ExxonMobil by 2.0% in the third quarter. Acorn Creek Capital LLC now owns 3,264 shares of the oil and gas company’s stock valued at $531,000 after purchasing an additional 64 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Latest ExxonMobil News

Investors following XOM have been watching these news items:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BMO Capital Markets increased their target price on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. UBS Group raised their price target on ExxonMobil from $199.00 to $213.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. TD Cowen upped their price objective on shares of ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Finally, Argus increased their price objective on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $170.54.

ExxonMobil Stock Up 1.8%

Shares of XOM opened at $169.78 on Friday. ExxonMobil Corporation has a fifty-two week low of $114.19 and a fifty-two week high of $188.50. The company’s fifty day moving average is $169.21 and its two-hundred day moving average is $156.06. The firm has a market cap of $692.55 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. 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 released 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 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 period in the prior year, the firm posted $1.88 EPS. Analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.5%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is presently 42.34%.

ExxonMobil 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.