Hodges Capital Management Inc. Reduces Holdings in Exxon Mobil Corporation $XOM

Hodges Capital Management Inc. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,877 shares of the oil and gas company’s stock after selling 6,645 shares during the quarter. Hodges Capital Management Inc.’s holdings in Exxon Mobil were worth $6,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Exxon Mobil during the second quarter worth approximately $6,163,719,000. First Trust Advisors LP boosted its position in shares of Exxon Mobil by 150.2% during the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after acquiring an additional 4,563,707 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC increased its position in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Morgan Stanley lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Citigroup lifted their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada upped their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Finally, BNP Paribas Exane downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a research report on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $140.59.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $146.01 on Wednesday. The stock has a market cap of $615.75 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39. The company has a fifty day simple moving average of $130.47 and a 200-day simple moving average of $119.33. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $156.93.

Exxon Mobil (NYSE:XOM) last announced 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. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company 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 business earned $1.67 EPS. Exxon Mobil’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. 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 payout ratio is currently 61.58%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 14,230 shares of company stock valued at $1,888,421. Company insiders own 0.03% of the company’s stock.

Key Stories Impacting Exxon Mobil

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

• Positive Sentiment: Exxon says it is accelerating plans to develop natural gas in Guyana, which could meaningfully expand long‑term production, LNG/gas optionality and upstream cash flow if execution stays on schedule. Exxon committed to moving fast to develop gas in Guyana, executive says
• Positive Sentiment: Bernstein reaffirmed its buy rating on XOM, a vote of confidence from a well‑followed house that can support investor sentiment and limit downside from negative news. Bernstein Sticks to Their Buy Rating for Exxon Mobil (XOM)
• Positive Sentiment: Scotiabank expresses a constructive view on Exxon’s FY2026 earnings outlook, suggesting upside to consensus estimates that could support the stock if results/guide beat expectations. Scotiabank Has Positive View of Exxon Mobil FY2026 Earnings
• Neutral Sentiment: Options market activity shows notable positioning around near‑term strikes — indicating hedging and some speculative flows, but not a clear directional trade; could increase short‑term volatility without signaling a sustained move. What the Options Market Tells Us About Exxon Mobil
• Neutral Sentiment: Analyst coverage highlights mixed valuation signals — some metrics point to attractive yield/earnings power while longer‑term return projections look muted, making valuation a split case for new buyers. Assessing Exxon Mobil (XOM) Valuation As Mixed Signals Emerge On Long Term Returns
• Neutral Sentiment: Management access: Exxon will be represented at the Morgan Stanley Energy & Power Conference (March 3). The event could provide fresh guidance or clarification on strategy — a potential catalyst depending on commentary. ExxonMobil to Speak at Morgan Stanley Energy & Power Conference
• Neutral Sentiment: Elevated retail/investor attention (Zacks coverage and media mention) can increase intraday volume and swings, but doesn’t on its own dictate fundamentals. Exxon Mobil Corporation (XOM) is Attracting Investor Attention
• Neutral Sentiment: Broader retail articles on income stocks mention the sector’s appeal; these can support longer‑term investor interest in integrated oil names but are not a direct near‑term catalyst. Want Decades of Passive Income? 3 Stocks to Buy Right Now
• Negative Sentiment: The Federal Court of Australia fined Mobil Oil Australia A$16 million (~$11.3M) for misleading fuel claims — a reputational and modest financial hit that adds regulatory/legal risk in regional markets. Australian court fines Exxon’s local petrol brand $11.3 million for misleading claims
• Negative Sentiment: Street target updates show some analysts trimming price targets (example: ~$140.6 target), which sits below recent trading levels and may cap near‑term upside or contribute to downward pressure. Brokerages Set Exxon Mobil Corporation (NYSE:XOM) Target Price at $140.59

About Exxon Mobil

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.