Webster Bank N. A. Sells 4,559 Shares of Exxon Mobil Corporation $XOM

Webster Bank N. A. trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 38,151 shares of the oil and gas company’s stock after selling 4,559 shares during the period. Webster Bank N. A.’s holdings in Exxon Mobil were worth $4,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Axis Wealth Partners LLC increased its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares in the last quarter. Sagace Wealth Management LLC increased its stake in shares of Exxon Mobil by 2.7% during the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after purchasing an additional 90 shares in the last quarter. Park Edge Advisors LLC boosted its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. boosted its position in shares of Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its stake in shares of Exxon Mobil by 2.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $124.60 on Monday. The company’s 50-day simple moving average is $118.05 and its two-hundred day simple moving average is $113.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a market capitalization of $525.44 billion, a P/E ratio of 18.11, a P/E/G ratio of 7.77 and a beta of 0.37. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $125.93.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.3%. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Analyst Ratings Changes

XOM has been the topic of several analyst 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 report on Thursday. Mizuho lifted their price target on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Friday. Finally, Zacks Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $129.71.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Zacks Research raised earnings estimates for Exxon, a near-term catalyst supporting the buy thesis and dividend outlook. Zacks Research Raises Earnings Estimates for Exxon Mobil
• Positive Sentiment: Market headlines and trading notes show XOM moving higher earlier in the session, reflecting momentum from earnings visibility and yield appeal for income investors. Exxon Mobil (NYSE:XOM) Trading Up 1.4% – What’s Next?
• Neutral Sentiment: Exxon CEO Darren Woods told the president that Venezuela is “uninvestable” in its current state — a frank assessment that reduces near-term deal risk but also signals Exxon won’t rush into politically fraught projects without clearer reforms. Exxon CEO calls Venezuela ‘uninvestable’ during meeting with Trump
• Negative Sentiment: President Trump said he is “inclined” to exclude Exxon from U.S. plans to rebuild Venezuela’s oil sector after Woods’ comments, directly threatening Exxon’s access to a potentially large reserve base and future growth optionality. That political risk pushed shares lower in early trading. Trump says he might keep Exxon out of Venezuela
• Negative Sentiment: Follow-up coverage from multiple outlets repeats the president’s threat and frames Exxon as a potential target of policy exclusion, keeping headline risk elevated and increasing short-term volatility for XOM. Exxon Shares Drop After Trump Says He May Keep Them Out Of Venezuela After CEO’s ‘Uninvestable’ Remarks

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.