Turtle Creek Wealth Advisors LLC Has $9.24 Million Stock Position in Exxon Mobil Corporation $XOM

Turtle Creek Wealth Advisors LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 14.8% in the third quarter, HoldingsChannel reports. The fund owned 81,904 shares of the oil and gas company’s stock after buying an additional 10,557 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Exxon Mobil were worth $9,235,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 0.3% in 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 purchasing an additional 1,111,231 shares during the period. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 0.4% in the second 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 in the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil in the second quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp grew its position in Exxon Mobil by 2.8% during the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after buying an additional 1,274,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after buying an additional 1,126,912 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

More Exxon Mobil News

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

• Positive Sentiment: Exxon continues to prioritize shareholder returns through rising dividends and buybacks funded by strong cash flow, low debt and low-cost assets — a thesis that supports equity demand across oil-cycle volatility. How ExxonMobil Keeps Rewarding Shareholders Across Various Oil Cycles
• Positive Sentiment: Exxon hired Shearwater Geoservices for a large 3D seismic survey offshore Trinidad & Tobago — a move that advances exploration optionality and potential future production growth. Exploration upside can re-rate energy names if successful. ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
• Positive Sentiment: Management is expanding the Comarch loyalty platform across key European markets, which could boost downstream customer engagement and refine retail margins — investors may view this as steadying near-term cash flow and strengthening non-upstream revenues. How Investors May Respond To Exxon Mobil (XOM) Expanding Comarch Loyalty Platform Across Key European Markets
• Neutral Sentiment: Analysts are reassessing Exxon’s valuation after reported improved access to Venezuela and the European loyalty expansion; the net effect may be mixed — potential production upside from Venezuela vs. execution and geopolitical risks. Investors will watch guidance and reserve updates for clarity. Assessing Exxon Mobil (XOM) Valuation After Venezuela Access And European Loyalty Expansion
• Negative Sentiment: Scotiabank and Wolfe Research cut price targets on XOM, which can create short-term downward pressure on the stock and temper upside expectations among some institutional holders. Scotiabank and Wolfe Research cut Exxon Mobil (XOM) price targets

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on XOM shares. TD Cowen lifted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Piper Sandler decreased their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Barclays cut their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $130.25.

Exxon Mobil Stock Up 0.4%

Shares of NYSE XOM opened at $130.41 on Wednesday. The company has a market cap of $549.96 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 8.05 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $131.94. The stock has a 50-day moving average price of $119.81 and a two-hundred day moving average price of $114.85.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.16. The company had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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.