Mondrian Investment Partners LTD Sells 285,491 Shares of ExxonMobil Corporation $XOM

Mondrian Investment Partners LTD reduced its position in ExxonMobil Corporation (NYSE:XOM) by 46.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,547 shares of the oil and gas company’s stock after selling 285,491 shares during the period. ExxonMobil makes up approximately 1.2% of Mondrian Investment Partners LTD’s holdings, making the stock its 29th largest holding. Mondrian Investment Partners LTD’s holdings in ExxonMobil were worth $54,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascent Wealth Partners LLC increased its position in shares of ExxonMobil by 490.2% during the third quarter. Ascent Wealth Partners LLC now owns 11,208 shares of the oil and gas company’s stock worth $1,824,000 after acquiring an additional 9,309 shares during the last quarter. Evergreen Capital Management LLC grew its stake in ExxonMobil by 0.6% during the 3rd quarter. Evergreen Capital Management LLC now owns 69,888 shares of the oil and gas company’s stock valued at $11,374,000 after purchasing an additional 447 shares in the last quarter. Mascoma Wealth Management LLC grew its position in shares of ExxonMobil by 48.3% during the third quarter. Mascoma Wealth Management LLC now owns 1,256 shares of the oil and gas company’s stock worth $204,000 after buying an additional 409 shares in the last quarter. Nabity Jensen Investment Management Inc grew its position in shares of ExxonMobil by 3.8% during the third quarter. Nabity Jensen Investment Management Inc now owns 6,379 shares of the oil and gas company’s stock worth $1,038,000 after buying an additional 235 shares in the last quarter. Finally, Gibbs Wealth Management increased its stake in shares of ExxonMobil by 22.5% in the third quarter. Gibbs Wealth Management now owns 16,496 shares of the oil and gas company’s stock worth $2,685,000 after buying an additional 3,035 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

XOM stock opened at $183.23 on Monday. The stock’s 50 day simple moving average is $165.80 and its 200 day simple moving average is $155.03. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $183.75. The firm has a market cap of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.92 and a beta of 0.21. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, equities research analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

Wall Street Analyst Weigh In

A number of research analysts have commented on XOM shares. Wells Fargo & Company reiterated an “equal weight” rating and set a $182.00 price objective on shares of ExxonMobil in a research note on Thursday, October 1st. Jefferies Financial Group boosted their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Barclays boosted their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Wall Street Zen upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings raised shares of ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.70.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.