Evolution Advisers Inc. Acquires New Shares in ExxonMobil Corporation $XOM

Evolution Advisers Inc. acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,283 shares of the oil and gas company’s stock, valued at approximately $925,000. ExxonMobil accounts for approximately 0.3% of Evolution Advisers Inc.’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. NBT Bank N.A. acquired a new position in shares of ExxonMobil in the 3rd quarter valued at $26,000. Aventus Investment Advisors Inc. acquired a new stake in ExxonMobil during the second quarter valued at $27,000. Atlantic Private Wealth LLC grew its position in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares during the period. Pioneer Family Office LLC acquired a new stake in ExxonMobil during the third quarter valued at $42,000. Finally, Financial Connections Group Inc. purchased a new position in ExxonMobil in the first quarter valued at $53,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $169.78 on Friday. The firm has a market cap of $692.55 billion, a PE ratio of 17.45, a PEG ratio of 0.83 and a beta of 0.16. The firm has a fifty day moving average of $169.21 and a 200 day moving average of $156.06. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19. ExxonMobil Corporation has a one year low of $114.19 and a one year high of $188.50.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data 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 business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period last year, the firm posted $1.88 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

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

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Barclays upped their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. JPMorgan Chase & Co. increased their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. UBS Group raised their target price on ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, TD Cowen upped their price target on ExxonMobil from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $170.54.

ExxonMobil News Roundup

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: 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
• 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

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.