FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $5.30 Million Holdings in Exxon Mobil Corporation $XOM

FARMERS & MERCHANTS TRUST Co OF LONG BEACH cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,025 shares of the oil and gas company’s stock after selling 10,786 shares during the period. Exxon Mobil accounts for about 1.1% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 23rd biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Exxon Mobil were worth $5,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Nexus Investment Management ULC boosted its position in Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 89 shares during the last quarter. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares during the last quarter. Sagace Wealth Management LLC lifted its stake in shares of Exxon Mobil by 2.7% during the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after acquiring an additional 90 shares during the period. Willow Creek Wealth Management Inc. boosted its holdings in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 91 shares during the last quarter. Finally, Creative Capital Management Investments LLC increased its position in Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 91 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.9%

Shares of NYSE:XOM opened at $129.02 on Friday. The company has a 50 day moving average price of $119.12 and a two-hundred day moving average price of $114.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $544.10 billion, a PE ratio of 18.75, a PEG ratio of 8.07 and a beta of 0.37. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $131.72.

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

Exxon Mobil Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.2%. This is an increase 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%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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?

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Mizuho upped their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. TD Cowen raised their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Zacks Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Cowen reissued a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $130.25.

Exxon Mobil Profile

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.