Assenagon Asset Management S.A. trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 72.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,260,718 shares of the oil and gas company’s stock after selling 3,395,441 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Exxon Mobil were worth $151,715,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its position 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 worth $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP bought a new stake in Exxon Mobil in the first quarter valued at about $305,000. Sivia Capital Partners LLC raised its stake in Exxon Mobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares in the last quarter. United Bank raised its stake in Exxon Mobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after buying an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in Exxon Mobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil News Summary
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Geopolitical risk is lifting oil prices and buying interest in Exxon — shares hit a new all‑time high as Middle East tensions revive oil-market risk premia. Exxon Mobil Stock Surges To All-Time High Tuesday
- Positive Sentiment: Analyst support: UBS and others are keeping bullish stances/raised targets (UBS Buy, PT ~$171), underpinning demand and giving investors a valuation anchor. Exxon Mobil: Qatar LNG Disruption Manageable…
- Positive Sentiment: Project growth in Guyana continues to support long‑term production upside — ExxonMobil Guyana moving forward with FEED work and additional FPSO capacity. SBM Offshore awarded FEED contracts for the Longtail project in Guyana
- Positive Sentiment: Recent company results remain solid (quarterly EPS beat and strong revenue vs. estimates), giving investors confidence in cash flow and dividends amid higher oil. Why the Market Dipped But Exxon Mobil (XOM) Gained Today
- Neutral Sentiment: Wider market commentary and buy‑strategies highlight Exxon as a defensive oil play — useful context for long‑term investors but not immediate catalysts. 2 Oil Stocks That Can Weather the Current Volatility
- Neutral Sentiment: Notable price‑target moves and screening coverage (some targets raised to ~$158–171) keep XOM on watchlists — supports liquidity but reflects differing analyst views. Exxon Mobil (NYSE:XOM) Price Target Raised to $158.00
- Negative Sentiment: Damage from Iranian missile strikes in Qatar could cost major oil firms (including Exxon exposure in the region) roughly $5B in lost revenue — a clear near‑term earnings headwind if outages persist. Exxon Mobil Faces $5B Revenue Hit after Iran Strikes Qatar
- Negative Sentiment: Ongoing Iran war risks create broader economic and market stress; a prolonged conflict could reverse oil gains or cause volatility that hurts near‑term earnings visibility. Economic risks of U.S. war on Iran mount
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $1.67 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is currently 61.58%.
Analysts Set New Price Targets
Several research analysts have recently commented on XOM shares. Royal Bank Of Canada lifted their target price on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. HSBC upped their price target on Exxon Mobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Citigroup raised their price objective on Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Bank of America boosted their target price on shares of Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $148.89.
Get Our Latest Analysis on XOM
Insider Activity
In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 11,460 shares of company stock valued at $1,687,854 in the last ninety days. 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.
Further Reading
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