Knights of Columbus Asset Advisors LLC Buys 230,334 Shares of ExxonMobil Corporation $XOM

Knights of Columbus Asset Advisors LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 230,334 shares of the oil and gas company’s stock, valued at approximately $37,487,000. ExxonMobil makes up about 1.8% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CPA Asset Management Group LLC raised its stake in ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after buying an additional 60 shares during the period. DecisionMap Wealth Management LLC lifted its holdings in ExxonMobil by 2.2% during the third 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 in the last quarter. WP Advisors LLC lifted its holdings in ExxonMobil by 3.0% during the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after acquiring an additional 63 shares in the last quarter. Avant Capital LLC lifted its holdings in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after acquiring an additional 65 shares in the last quarter. Finally, Core Wealth Advisors Inc. grew its stake in ExxonMobil by 1.0% in 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 acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $164.42 on Wednesday. The firm has a market cap of $670.71 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. The stock’s 50-day moving average is $169.06 and its 200-day moving average is $155.72. ExxonMobil Corporation has a one year low of $114.19 and a one year high of $188.50. 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 posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping 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 firm earned $1.88 earnings per share. Equities analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal 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 is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s payout ratio is currently 43.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on XOM shares. DZ Bank lowered ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 price target on the stock. in a research report on Wednesday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research report on Tuesday, October 20th. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Morgan Stanley increased their target price on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Finally, Barclays raised their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and a consensus price target of $170.38.

ExxonMobil News Summary

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 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.