Eastern Bank Cuts Stake in Exxon Mobil Corporation $XOM

Eastern Bank lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 684,878 shares of the oil and gas company’s stock after selling 30,359 shares during the quarter. Exxon Mobil accounts for 1.4% of Eastern Bank’s investment portfolio, making the stock its 20th biggest position. Eastern Bank’s holdings in Exxon Mobil were worth $77,220,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its stake in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP bought a new stake in Exxon Mobil during the 1st quarter valued at $305,000. Harbor Capital Advisors Inc. boosted its position in Exxon Mobil by 42.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 739 shares of the oil and gas company’s stock valued at $80,000 after buying an additional 220 shares during the period. Balefire LLC grew its holdings in Exxon Mobil by 101.2% in the 2nd quarter. Balefire LLC now owns 6,121 shares of the oil and gas company’s stock worth $660,000 after acquiring an additional 3,079 shares during the last quarter. Finally, StrongBox Wealth LLC increased its position in shares of Exxon Mobil by 2.9% in the second quarter. StrongBox Wealth LLC now owns 4,613 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 129 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.9%

NYSE XOM opened at $129.02 on Friday. The firm has a market capitalization of $544.10 billion, a PE ratio of 18.75, a P/E/G ratio of 8.07 and a beta of 0.37. The stock’s 50 day moving average is $119.12 and its 200 day moving average is $114.38. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $131.72. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.72 by $0.16. The business had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Trending Headlines about Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Exxon awarded a contract to Shearwater Geoservices to acquire 3D deepwater seismic over a large block offshore Trinidad & Tobago — a sign of continued investment in exploration that supports future production growth. Exxon awards contract to acquire deepwater seismic offshore Trinidad and Tobago
• Positive Sentiment: Analysts/commentary argue Exxon remains a “solid hold” given low leverage and premium assets — factors that reduce downside risk if oil stays weak. Exxon Mobil: A Solid Hold Even If Venezuela Is ‘Uninvestable’
• Positive Sentiment: Noted investor coverage: CNBC commentator Joshua Brown named XOM on a televised “final trades” list — a small but positive retail/influencer signal. Delta Air, Exxon Mobil, TKO Group And A Financial Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Commentary highlights that ongoing assessment of Venezuelan assets and upcoming earnings keep investor focus on geopolitical and operational optionality — a watch item rather than an immediate catalyst. Exxon Mobil Corp. Holds Ground As Venezuela Assessment And Earnings Activity Drive Focus
• Neutral Sentiment: Political commentary claiming large Venezuelan oil flows to the U.S. is circulating — this could influence crude sentiment broadly but is speculative and not a company-specific operational development. Trump Says He’s Going To Make Venezuela ‘Strong’ Again…
• Negative Sentiment: Exxon warned of lower Q4 earnings tied to the drop in crude prices — a direct earnings headwind that helps explain selling pressure. Exxon Mobil (XOM) Forecasts Lower Q4 Earnings Due to Decline in Crude Prices
• Negative Sentiment: Shell and Exxon halted the planned sale of U.K. North Sea gas assets to Viaro Energy after regulatory/market issues — the cancellation removes an expected divestment and potential near-term cash/income clarity. Shell and Exxon halt UK gas asset sale to Viaro Energy
• Neutral Sentiment: Macro note: analysis flags WTI around ~$60 as likely to remain soft — negative for upstream margins but partially offset by Exxon’s low leverage and integrated refining/chemical margins. Crude Oil Price Will Likely Remain Soft: Will ExxonMobil Suffer?

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Wells Fargo & Company increased their price objective on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Mizuho raised their price target on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $130.25.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.