3,351 ExxonMobil Corporation $XOM Shares Sold by Brighton Jones LLC

Brighton Jones LLC decreased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 162,476 shares of the oil and gas company’s stock after selling 3,351 shares during the quarter. Brighton Jones LLC’s holdings in ExxonMobil were worth $26,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. GQG Partners LLC lifted its stake in ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC purchased a new stake in shares of ExxonMobil in the 1st quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ExxonMobil in the first quarter worth $766,345,000. Dimensional Fund Advisors LP lifted its position in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after purchasing an additional 1,540,902 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in ExxonMobil by 63.3% in the first quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company’s stock valued at $571,996,000 after purchasing an additional 1,307,465 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Jefferies Financial Group increased their price target on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. William Blair started coverage on ExxonMobil in a report on Wednesday, October 28th. They issued a “market perform” rating for the company. Barclays upped their target price on ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Citigroup raised their target price on ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley lifted their price target on ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and an average target price of $170.38.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $165.81 on Friday. The company’s fifty day moving average price is $168.83 and its 200 day moving average price is $155.41. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The company has a market capitalization of $676.38 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.92 and a current ratio of 1.19.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same quarter last year, the business earned $1.88 earnings per share. On average, research analysts predict that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is currently 43.99%.

ExxonMobil Company Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.