Solitude Financial Services Sells 4,752 Shares of Exxon Mobil Corporation $XOM

Solitude Financial Services cut its holdings in Exxon Mobil Corporation (NYSE:XOM) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,975 shares of the oil and gas company’s stock after selling 4,752 shares during the quarter. Exxon Mobil accounts for approximately 1.2% of Solitude Financial Services’ holdings, making the stock its 13th largest position. Solitude Financial Services’ holdings in Exxon Mobil were worth $3,605,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after buying an additional 342,967 shares during the period. Norges Bank bought a new stake in shares of Exxon Mobil in the second quarter worth $6,163,719,000. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after acquiring an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after purchasing an additional 1,126,912 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.6%

NYSE XOM traded up $2.27 on Friday, reaching $148.35. 922,304 shares of the stock traded hands, compared to its average volume of 20,709,033. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $147.84. 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 company has a fifty day moving average price of $125.11 and a 200-day moving average price of $117.01. The company has a market cap of $625.60 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 15.30 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the company posted $1.67 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil 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 completion of the sale, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 11,000 shares of company stock worth $1,406,570 over the last three months. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. TD Cowen boosted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital set a $123.00 price objective on shares of Exxon Mobil in a research report on Tuesday. Piper Sandler decreased 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, January 8th. Citigroup upped their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $140.59.

Key Stories Impacting Exxon Mobil

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

• Positive Sentiment: Analyst upgrades and bullish notes are lifting sentiment — multiple outlets reported upgrades/price-target pushes that helped trigger intraday buying. Exxon Mobil Trading Higher Following Analyst Upgrade
• Positive Sentiment: Operational catalyst: Exxon started up a new unit at its Baytown complex, supporting production and margin improvement prospects. Exxon Mobil starts up new Baytown unit
• Positive Sentiment: Bull case and earnings momentum — coverage notes that Exxon beat Q4 on revenue and EPS, cited record output and massive buybacks as reasons for upside. The Bull Case For Exxon Mobil
• Neutral Sentiment: Portfolio moves: Exxon announced a Colombia deal and the planned closure of the Fife plant — a refocus that could shift asset mix and capital allocation; impacts depend on transaction terms and redeployment. ExxonMobil Refocuses Portfolio With Colombia Deal And Fife Plant Closure
• Neutral Sentiment: Sector momentum and ETF flows are supporting XOM as energy leads YTD gains and funds like XLE have seen big inflows, giving Exxon passive-demand support. S&P 500 ETF Lens Shows Exxon Mobil Role
• Neutral Sentiment: Valuation/technical view: some analysts call XOM a buy on valuation but note technical risks — useful context for traders vs. long-term investors. Exxon Mobil: It’s A Buy Says Valuation
• Negative Sentiment: Sell-side pullback: BNP Paribas Exane downgraded XOM to Underperform, creating selling pressure among some institutional investors. BNP Paribas Exane Downgrades Exxon Mobil
• Negative Sentiment: Insider selling: Darrin Talley sold 5,000 shares — a small but visible insider sale that can feed short-term concern among cautious investors. Darrin Talley Sells 5,000 Shares

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.