HighPoint Advisor Group LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180,229 shares of the oil and gas company’s stock after selling 4,084 shares during the period. Exxon Mobil makes up 1.0% of HighPoint Advisor Group LLC’s investment portfolio, making the stock its 16th largest position. HighPoint Advisor Group LLC’s holdings in Exxon Mobil were worth $20,321,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of XOM. Vanguard Group Inc. lifted its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after purchasing an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC increased its position in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after purchasing an additional 342,967 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the second quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after buying an additional 1,274,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after buying an additional 1,126,912 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Trading Up 2.7%
Shares of NYSE XOM opened at $147.58 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $124.49 and its two-hundred day moving average price is $116.81. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $147.84. The stock has a market capitalization of $622.37 billion, a P/E ratio of 22.06, a PEG ratio of 15.25 and a beta of 0.39.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.
Key Stories Impacting Exxon Mobil
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Evercore ISI reaffirmed its buy view on Exxon, reinforcing buy-side support and helping momentum into the trade. Evercore ISI Keeps Their Buy Rating on Exxon Mobil (XOM)
- Positive Sentiment: Analysts highlight Exxon’s record output and large buybacks as potential re-rating catalysts — the “bull case” story that could increase returns and justify higher multiples. The Bull Case For Exxon Mobil (XOM) Could Change Following Record Output And Massive Buybacks – Learn Why
- Positive Sentiment: TD Cowen raised its price target to $145 and kept a buy rating, adding another constructive analyst signal supporting further upside. TD Cowen Raise
- Positive Sentiment: Market commentary (CNBC’s “Final Trades”) and intraday flows showed buying interest — the stock rallied in recent sessions as investors leaned into the execution narrative. Exxon Mobil on CNBC’s ‘Final Trades’
- Neutral Sentiment: Wells Fargo trimmed its target slightly to $156 but kept an overweight rating — a modest tweak that is not a directional change to their thesis. Wells Fargo Lowers Price Target
- Neutral Sentiment: Exxon agreed a settlement related to an arbitration with Sintana Energy (reported as a ~$9m resolution) — likely immaterial to Exxon’s overall cash flow but removes a legal overhang. Sintana Energy Settlement
- Neutral Sentiment: Coverage pieces (Zacks, Seeking Alpha, Morningstar) are flagging XOM as a value/dividend play amid oil weakness, which drives trading interest but is not an immediate catalyst. Zacks Trending Stock
- Negative Sentiment: BNP Paribas Exane downgraded XOM to “underperform” with a $125 target — a more bearish call that could cap upside if other shops follow. BNP Paribas Downgrade
- Negative Sentiment: Insider sale: VP Darrin Talley sold 5,000 shares (SEC Form 4 filing) — a small-management liquidity event some investors may view as mildly negative. Insider Sale Filing
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Loop Capital set a $123.00 price target on Exxon Mobil in a research report on Tuesday. Piper Sandler decreased their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $140.59.
Read Our Latest Report on Exxon Mobil
Insider Activity
In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 11,000 shares of company stock valued at $1,406,570. Company insiders own 0.03% of the company’s stock.
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.
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