Christian Investment Advisors Inc. Purchases 3,474 Shares of ExxonMobil Corporation $XOM

Christian Investment Advisors Inc. purchased a new position in ExxonMobil Corporation (NYSE:XOM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,474 shares of the oil and gas company’s stock, valued at approximately $565,000. ExxonMobil comprises 0.3% of Christian Investment Advisors Inc.’s investment portfolio, making the stock its 9th largest position.

Other institutional investors have also added to or reduced their stakes in the company. CPA Asset Management Group LLC raised its holdings in ExxonMobil by 1.8% in 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 acquiring an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC lifted its position in shares of ExxonMobil by 2.2% in the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 62 shares during the period. WP Advisors LLC grew its holdings in shares of ExxonMobil by 3.0% during the 3rd quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 63 shares in the last quarter. Avant Capital LLC grew its holdings in shares of 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 purchasing an additional 65 shares in the last quarter. Finally, Core Wealth Advisors Inc. increased its position in shares of ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after purchasing an additional 68 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Up 0.3%

NYSE XOM opened at $165.81 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $168.83 and its two-hundred day moving average is $155.41. The company has a market capitalization of $676.38 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The business had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the prior year, the firm posted $1.88 EPS. Equities analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.6%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is presently 43.99%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Wall Street Zen raised ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday. Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, HSBC reissued a “hold” rating and issued a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ExxonMobil has an average rating of “Hold” and a consensus target price of $170.38.

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.

ExxonMobil serves customers and operates in markets around the world.