Exxon Mobil Corporation $XOM Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,541,574 shares of the oil and gas company’s stock after selling 206,039 shares during the quarter. Exxon Mobil comprises about 0.7% of Massachusetts Financial Services Co. MA’s investment portfolio, making the stock its 27th largest position. Massachusetts Financial Services Co. MA owned approximately 0.46% of Exxon Mobil worth $2,203,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Clayton Financial Group LLC purchased a new position in Exxon Mobil in the third quarter valued at about $40,000. TruNorth Capital Management LLC boosted its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Bare Financial Services Inc grew its holdings in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares during the period. Halbert Hargrove Global Advisors LLC increased its stake in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new position in Exxon Mobil during the second quarter worth $42,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.5%

XOM stock opened at $129.78 on Tuesday. The company has a 50 day moving average price of $119.60 and a two-hundred day moving average price of $114.72. 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 stock has a market capitalization of $547.30 billion, a P/E ratio of 18.86, a PEG ratio of 8.05 and a beta of 0.37. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $131.72.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. The business had revenue of $83.33 billion for the quarter, compared to analysts’ expectations of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS 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 is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.2%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Mizuho increased their price target 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. Finally, Cowen restated a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. One 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 issued a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average target price of $130.25.

Key Stories Impacting Exxon Mobil

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

• Positive Sentiment: Company continues to prioritize returns to shareholders — coverage notes rising dividends and active buybacks backed by low-cost assets and low debt, supporting investor confidence in cash returns through oil cycles. How ExxonMobil Keeps Rewarding Shareholders Across Various Oil Cycles
• Positive Sentiment: Exxon hired Shearwater Geoservices for a large 3D seismic survey offshore Trinidad & Tobago — a move that supports future deepwater exploration and potential reserve upside, which is positive for medium/long-term production growth. ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
• Positive Sentiment: High-profile bullish commentary — Jim Cramer named Exxon a market “real leader,” which can lift retail/investor sentiment and trading interest. Jim Cramer Calls Exxon Mobil One of the “Real Leaders in This Market” Jim Cramer Calls Exxon Mobil One of the “Real Leaders in This Market” (InsiderMonkey)
• Neutral Sentiment: Exxon expanding the Comarch loyalty platform across key European markets — may modestly boost downstream retail engagement and margins over time but is unlikely to move near-term fundamentals. How Investors May Respond To Exxon Mobil (XOM) Expanding Comarch Loyalty Platform Across Key European Markets
• Neutral Sentiment: Geopolitical-driven oil volatility — recent coverage on Venezuelan developments shows crude spiking then falling; such swings increase short-term earnings uncertainty but are a market-wide factor rather than company-specific. Venezuela’s Short v. Long-Term Oil Impacts & How XOM, CVX Play a Role
• Negative Sentiment: Analyst pressure — Scotiabank and Wolfe Research cut price targets for XOM, which can weigh on sentiment and cap near-term upside despite operational positives. Scotiabank and Wolfe Research cut Exxon Mobil (XOM) price targets

Insider Activity at Exxon Mobil

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

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.