Avant Capital LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 85.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,956 shares of the oil and gas company’s stock after acquiring an additional 5,047 shares during the quarter. Exxon Mobil accounts for 0.9% of Avant Capital LLC’s holdings, making the stock its 29th biggest position. Avant Capital LLC’s holdings in Exxon Mobil were worth $1,235,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Norges Bank bought a new position in Exxon Mobil in the second quarter valued at $6,163,719,000. First Trust Advisors LP lifted its position in Exxon Mobil by 150.2% during the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after buying an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after buying an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after acquiring an additional 3,066,736 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Exxon Mobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after acquiring an additional 1,454,308 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Morgan Stanley reduced their price target on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. TD Cowen increased their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. UBS Group reissued a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a research note on Monday, February 2nd. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 3rd. 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 report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.59.
More 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 stock’s fifty day simple moving average is $133.64 and its 200 day simple moving average is $120.85. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The stock has a market cap of $622.16 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 15.64 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion for 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend 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 firm’s stock in a transaction that occurred on 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 trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 14,230 shares of company stock worth $1,888,421 in the last three months. Company insiders own 0.03% of the company’s stock.
Exxon Mobil Company 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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