Empirical Asset Management LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 84.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,532 shares of the oil and gas company’s stock after purchasing an additional 17,656 shares during the period. Empirical Asset Management LLC’s holdings in Exxon Mobil were worth $4,344,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in XOM. Westfuller Advisors LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $30,000. Bare Financial Services Inc grew its holdings in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC raised its holdings in shares of Exxon Mobil by 1,595.2% during the third 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. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in shares of Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
XOM has been the topic of several research reports. Piper Sandler dropped their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Loop Capital set a $123.00 price target on Exxon Mobil in a research note on Tuesday, February 3rd. BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a report on Tuesday, February 3rd. Bank of America lifted their target price on shares of Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $140.59.
Key Exxon Mobil News
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Exxon is highlighting rapid growth in Guyana, positioning the company to secure future acreage and advantaged fiscal terms — a long‑term production and cash‑flow positive for XOM. Exxon Touts Guyana Growth
- Positive Sentiment: Analysts note Exxon’s integrated upstream/downstream model is outperforming pure upstream peers like ConocoPhillips as softer oil prices test producers — this makes XOM relatively defensive on margins. ConocoPhillips vs. ExxonMobil
- Positive Sentiment: Coverage suggests Exxon has outperformed the Nasdaq over the last year and analysts are modestly optimistic on forward prospects — supportive for sentiment and relative performance. Is Exxon Mobil Stock Outperforming the Nasdaq?
- Positive Sentiment: Market commentary urging preparation for a potential $90 oil price scenario highlights upside for Exxon’s earnings if oil strengthens — a tailwind to cash flow and dividends. Exxon Mobil: Prepare For A Potential $90 Oil Price Scenario
- Neutral Sentiment: Energy sector indexes rose recently, offering some sector tailwind but not necessarily specific to Exxon. Sector Update: Energy Stocks Rise Monday Afternoon
- Neutral Sentiment: Investor writeups comparing midstream/value peers (e.g., Enterprise Products Partners) are circulating; these comparisons can shift capital flows within energy but don’t directly change Exxon’s fundamentals. Is Enterprise Products Partners (EPD) One of the Best Value Stocks to Buy Now?
- Negative Sentiment: Legal uncertainty: the U.S. Supreme Court agreed to hear Exxon and Suncor’s bid to dismiss Boulder’s climate suit — a high‑profile case that creates headline risk, potential liabilities, and investor uncertainty until resolved. US Supreme Court to hear Exxon and Suncor bid to toss Boulder’s climate suit
- Negative Sentiment: Additional Supreme Court matters and reported boardroom/transition risks are elevating governance and litigation concerns that can pressure the stock while unresolved. Exxon Mobil Faces Supreme Court Climate Case And Boardroom Transition Risks
- Negative Sentiment: Market‑technical caution: commentary warning that defensive stocks (including Exxon) are overbought raises the risk of broader multiple contraction if a market correction occurs. The Bull Market Is Lying To You
Exxon Mobil Stock Down 1.0%
XOM opened at $149.31 on Wednesday. The firm has a market cap of $622.16 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 15.64 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The business has a 50 day moving average price of $133.64 and a 200 day moving average price of $120.85. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 earnings per share. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s payout ratio is currently 61.58%.
Insider Transactions at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the sale, the vice president directly owned 20,354 shares in the company, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 14,230 shares of company stock worth $1,888,421 in the last three months. 0.03% of the stock is 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.
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