4,250 ExxonMobil Corporation $XOM Shares Sold by Parthenon LLC

Parthenon LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 167,390 shares of the oil and gas company’s stock after selling 4,250 shares during the period. ExxonMobil makes up 2.9% of Parthenon LLC’s investment portfolio, making the stock its 9th biggest position. Parthenon LLC’s holdings in ExxonMobil were worth $27,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MLP3 LLC grew its position in ExxonMobil by 19.1% during the 3rd quarter. MLP3 LLC now owns 3,181 shares of the oil and gas company’s stock worth $518,000 after acquiring an additional 511 shares during the last quarter. Private Wealth Partners LLC increased its holdings in ExxonMobil by 9.2% in the 3rd quarter. Private Wealth Partners LLC now owns 7,439 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 624 shares in the last quarter. NovaPoint Capital LLC raised its position in ExxonMobil by 7.6% in the third quarter. NovaPoint Capital LLC now owns 4,696 shares of the oil and gas company’s stock valued at $764,000 after purchasing an additional 330 shares during the last quarter. MBL Wealth LLC bought a new position in ExxonMobil in the third quarter valued at about $3,012,000. Finally, U S Global Investors Inc. raised its position in ExxonMobil by 70.6% in the third quarter. U S Global Investors Inc. now owns 14,500 shares of the oil and gas company’s stock valued at $2,360,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Weiss Ratings upgraded shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. Citigroup reissued a “neutral” rating and set a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil Stock Up 2.8%

Shares of NYSE:XOM opened at $183.23 on Friday. The firm has a market cap of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.92 and a beta of 0.21. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $183.75. The business has a fifty day simple moving average of $165.80 and a 200 day simple moving average of $155.09. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the firm posted $1.64 EPS. Analysts predict that ExxonMobil Corporation will post 13.63 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.