Montaka Global Pty Ltd Acquires 53,000 Shares of ExxonMobil Corporation $XOM

Montaka Global Pty Ltd bought a new stake in ExxonMobil Corporation (NYSE:XOM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 53,000 shares of the oil and gas company’s stock, valued at approximately $8,626,000. ExxonMobil comprises approximately 3.4% of Montaka Global Pty Ltd’s holdings, making the stock its 11th largest holding.

Several other hedge funds have also made changes to their positions in XOM. Thor Trading Advisors LLC grew its holdings in shares of ExxonMobil by 123.6% during the third quarter. Thor Trading Advisors LLC now owns 9,717 shares of the oil and gas company’s stock worth $1,581,000 after buying an additional 5,371 shares during the last quarter. Elevated Capital Advisors LLC acquired a new position in ExxonMobil in the 3rd quarter valued at about $768,000. Csenge Advisory Group increased its position in ExxonMobil by 0.8% in the 3rd quarter. Csenge Advisory Group now owns 73,923 shares of the oil and gas company’s stock valued at $12,031,000 after acquiring an additional 566 shares during the period. Guardian Financial Partners LLC acquired a new position in ExxonMobil in the 3rd quarter valued at about $268,000. Finally, Kinsale Capital Group Inc. raised its stake in ExxonMobil by 2.4% during the 3rd quarter. Kinsale Capital Group Inc. now owns 70,082 shares of the oil and gas company’s stock valued at $11,406,000 after acquiring an additional 1,622 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signed a preliminary agreement to evaluate oil opportunities in Venezuela, potentially opening access to significant resources and future production growth. The deal is only exploratory, however, and does not mean the company is returning to full-scale operations. Reuters article
• Neutral Sentiment: The Venezuela opportunity comes with substantial political and asset risks: ExxonMobil has previously lost assets there, and its CEO had called the country “uninvestable.” That history may limit how quickly the company commits capital. The Motley Fool article
• Negative Sentiment: Energy stocks were falling before Tuesday’s open, suggesting sector-wide weakness that could pressure XOM independently of company-specific news. Energy sector update
• Negative Sentiment: ExxonMobil paused work on its planned Texas hydrogen facility amid weak customer demand and uncertainty about federal funding. The delay raises questions about the timing and growth prospects of its low-carbon business. Yahoo Finance article

ExxonMobil Price Performance

ExxonMobil stock opened at $164.42 on Wednesday. ExxonMobil Corporation has a 12-month low of $114.19 and a 12-month high of $188.50. The stock has a market capitalization of $670.71 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.82 and a beta of 0.16. The firm’s 50-day moving average is $169.06 and its two-hundred day moving average is $155.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results 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 net margin of 10.24% and a return on equity of 16.63%. During the same period in the previous year, the firm posted $1.88 earnings per share. Equities analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors 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 2.6%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is 43.99%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. Freedom Broker increased their price objective on ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a research report on Friday, November 6th. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and boosted their target price for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. UBS Group upped 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. HSBC reaffirmed a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. Finally, Weiss Ratings upgraded shares of ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.38.

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.