Private Wealth Asset Management LLC Lowers Stake in Exxon Mobil Corporation $XOM

Private Wealth Asset Management LLC cut its position in Exxon Mobil Corporation (NYSE:XOM) by 20.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,013 shares of the oil and gas company’s stock after selling 16,146 shares during the period. Exxon Mobil comprises 0.8% of Private Wealth Asset Management LLC’s portfolio, making the stock its 24th largest holding. Private Wealth Asset Management LLC’s holdings in Exxon Mobil were worth $6,879,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Westfuller Advisors LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at approximately $30,000. Bare Financial Services Inc raised its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC grew its stake in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new stake in Exxon Mobil in the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Monday. Zacks Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Morgan Stanley reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Finally, Jefferies Financial Group upped their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.74.

Exxon Mobil Stock Up 0.6%

Shares of NYSE XOM opened at $137.70 on Thursday. The stock has a market capitalization of $580.69 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 8.92 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 $138.01. The stock’s fifty day simple moving average is $121.84 and its two-hundred day simple moving average is $115.74.

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

Exxon Mobil Increases Dividend

The business also recently disclosed 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 3.0%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Key Stories Impacting Exxon Mobil

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

• Positive Sentiment: Exxon and BYD deepen hybrid EV collaboration — a new MoU expands joint R&D, standards work and supply?chain support, reinforcing XOM’s position in low?carbon fuel/lubricant and hybrid tech markets (partnership seen as strategic for long?term demand diversification). BYD & ExxonMobil Boost Cooperation in Hybrid EV Innovation
• Positive Sentiment: Reuters also reports the BYD tie?up — broader confirmation from major media increases credibility and investor interest in the strategic partnership. China’s BYD, Exxon Mobil to deepen hybrid technology partnership
• Positive Sentiment: Exxon advancing carbon capture and low?carbon initiatives — plans to expand CCS projects along the U.S. Gulf Coast (Texas, Louisiana) and evaluate a low?carbon data center could support longer?term emissions targets and access to decarbonization markets. Here’s How XOM Is Using CCS to Cut Emissions & Power Data-Driven World
• Positive Sentiment: UBS reiterates a buy rating — continued buy support from a major bank lends credibility to the bullish case and may underpin upside sentiment. UBS Sticks to Their Buy Rating for Exxon Mobil (XOM)
• Neutral Sentiment: Analyst previews and bullish writeups highlight valuation and dividend support but flag cyclical risks — several pieces argue for a solid long?term case while noting near?term exposure to oil price swings. Exxon: Oil Is Everywhere, Energy Isn’t (Earnings Preview)
• Neutral Sentiment: Market expectations ahead of Q4 earnings are mixed — Zacks pieces note refining strength may offset softer upstream results if crude prices remain subdued; Q4 results are a near?term catalyst. ExxonMobil’s Q4 Earnings on Deck: Should You Stay Invested or Exit?
• Neutral Sentiment: Exploration work: seismic survey offshore Trinidad signals ongoing growth/production optionality, but value will depend on results and timelines. Exxon Advances Trinidad Deepwater Plans as Exploration Work Takes Shape
• Negative Sentiment: Bank of America raised its price target but maintained a neutral rating — the new $135 target sits slightly below current levels, which could cap near?term upside if other analysts echo a cautious stance. BofA price target update (coverage)

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were 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 approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil 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.