AIA Group Ltd trimmed its stake in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 25.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 67,172 shares of the oil and gas company’s stock after selling 22,346 shares during the period. AIA Group Ltd’s holdings in Exxon Mobil were worth $7,574,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its position in Exxon Mobil by 2.6% during the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after acquiring an additional 5,573 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares during the period. Capital Counsel LLC NY lifted its stake in shares of Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares in the last quarter. HORAN Wealth LLC grew its holdings in shares of Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after purchasing an additional 5,788 shares during the period. Finally, New Age Alpha Advisors LLC grew its holdings in shares of Exxon Mobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after purchasing an additional 8,853 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.
Insider Buying and Selling at Exxon Mobil
In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by corporate insiders.
Exxon Mobil Trading Up 0.4%
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company 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 revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.67 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio is 61.58%.
Analysts Set New Price Targets
XOM has been the topic of a number of recent research reports. Citigroup lifted their price target on shares of Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Royal Bank Of Canada raised their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price for the company. in a research report on Tuesday, February 3rd. Finally, Piper Sandler boosted their price target on Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Nine 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 company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.35.
Read Our Latest Report on Exxon Mobil
Exxon Mobil News Roundup
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Shift in investor narrative — coverage argues XOM’s outlook is improving as analysts and investors bake in higher oil-price assumptions and re-rate Exxon’s valuation, supporting momentum in the shares. Read More.
- Positive Sentiment: Analyst upgrades and higher targets — several firms (including Barclays and Mizuho) have raised price targets, which boosts buy-side conviction and helps push XOM toward 52-week highs. Read More.
- Positive Sentiment: Project acceleration in Guyana — Exxon says a new floating production facility is nearly complete and will speed project startups, implying earlier cash flow from high-margin barrels. Read More.
- Positive Sentiment: Balance-sheet strength highlighted — analysts note Exxon’s low leverage and healthy cash generation make it resilient to commodity swings and able to capitalize on higher prices. Read More.
- Neutral Sentiment: Sector tailwind — energy stocks broadly are rising today, so part of XOM’s move is market-driven rather than purely company-specific. Read More.
- Neutral Sentiment: Exploration step in Greece — a JV including ExxonMobil is moving to next-phase exploration off Greece; potential upside is long‑dated and high risk, so it’s a watch item rather than immediate upside. Read More.
- Negative Sentiment: Insider sale disclosed — a vice president sold ~1,080 shares; while small, insider selling can create short-term sentiment noise for some investors. Read More.
- Negative Sentiment: Regional security risk — a nearby refinery (SAMREF) tied to regional partners was reportedly targeted in an aerial attack (minimal impact reported), underscoring geopolitical tail‑risks that can push oil volatility and create episodic market swings. Read More.
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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