45,142 Shares in ExxonMobil Corporation $XOM Bought by Van Strum & Towne Inc.

Van Strum & Towne Inc. bought a new position in ExxonMobil Corporation (NYSE:XOM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 45,142 shares of the oil and gas company’s stock, valued at approximately $7,347,000. ExxonMobil comprises approximately 2.1% of Van Strum & Towne Inc.’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. NBT Bank N.A. acquired a new position in ExxonMobil during the third quarter valued at approximately $26,000. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil in the second quarter worth $27,000. Atlantic Private Wealth LLC lifted its stake 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 worth $39,000 after buying an additional 202 shares during the last quarter. Pioneer Family Office LLC bought a new stake in shares of ExxonMobil during the 3rd quarter worth $42,000. Finally, Financial Connections Group Inc. bought a new stake in shares of ExxonMobil during the 1st quarter worth $53,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 1.8%

Shares of XOM stock opened at $169.78 on Friday. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month high of $188.50. 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 stock has a 50 day moving average of $169.21 and a 200-day moving average of $156.06. 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 posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to analysts’ expectations 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 business earned $1.88 earnings per share. On average, equities analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is currently 42.34%.

Analysts Set New Price Targets

Several research analysts recently commented on XOM shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $178.00 price target on shares of ExxonMobil in a research report on Tuesday, October 20th. Finally, Barclays raised their price target on ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.54.

Key Headlines Impacting ExxonMobil

These are some of the XOM headlines that stood out recently:

• Positive Sentiment: ExxonMobil made a $12.5 billion final investment decision on its Longtail offshore Guyana development. The project is expected to add future production capacity and reinforce the company’s growth in a key low-cost producing region, though it requires substantial capital. Article: ExxonMobil takes $12.5-billion FID on Longtail development offshore Guyana
• Neutral Sentiment: The company signed a non-binding agreement to evaluate seven areas in Venezuela for possible oil and gas projects. This offers potential longer-term opportunity, but no development commitment or production benefit is established yet. Article: Exxon assessing 7 areas in Venezuela for possible energy projects
• 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

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.