Mcdonald Partners LLC lowered its position in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 53.8% in the third quarter, HoldingsChannel reports. The fund owned 21,224 shares of the oil and gas company’s stock after selling 24,738 shares during the quarter. Mcdonald Partners LLC’s holdings in Exxon Mobil were worth $2,393,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of XOM. Vanguard Group Inc. boosted its position in Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after purchasing an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC increased 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 acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $6,163,719,000. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 1,126,912 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Exxon Mobil by 1.1% in the 3rd quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company’s stock valued at $3,517,179,000 after acquiring an additional 340,785 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil News Summary
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Geopolitical risk pushed crude futures sharply higher (WTI and Brent), lifting integrated oil majors’ near‑term revenue and cash‑flow outlooks — a direct tailwind for Exxon. Read More.
- Positive Sentiment: Fresh analyst activity (upgrades/target raises) helped push XOM to a new 12‑month high as investors priced in stronger near‑term upside tied to higher oil. Read More.
- Positive Sentiment: Exxon says it will send a technical team to Venezuela soon — a potential path to restore or expand upstream activity if logistics/security allow, which could improve long‑term production optionality. Read More.
- Neutral Sentiment: Exxon presented at the Morgan Stanley Energy & Power Conference — useful for incremental management commentary on capex and strategy, but no market‑moving guidance was released. Read More.
- Neutral Sentiment: Banks (e.g., Bank of America, Citigroup) nudged price targets into the ~150 area while keeping neutral ratings — a modest endorsement of near‑term strength but cautious on longer‑run valuation. Read More.
- Negative Sentiment: Analysts flagged that Exxon’s production and operations could be exposed to disruptions from the U.S.–Israel conflict with Iran (Strait of Hormuz risk), adding uncertainty to volumes, costs and insurance/shipping expenses. Read More.
- Negative Sentiment: An Exxon VP (Darrin Talley) sold 2,150 shares at about $157.82; routine insider sales can be perceived negatively by some traders even if not tied to company outlook. Read More.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio is currently 61.58%.
Insider Activity
In related news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the sale, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 16,380 shares of company stock worth $2,227,734. 0.03% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
XOM has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Mizuho set a $140.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. Sanford C. Bernstein decreased their price target 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. Royal Bank Of Canada boosted their price objective on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.41.
View Our Latest Research Report on XOM
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.
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