Brighton Jones LLC Sells 3,351 Shares of ExxonMobil Corporation $XOM

Brighton Jones LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 2.0% during the third quarter, according to its most recent 13F filing with the SEC. 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 filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBT Bank N.A. acquired a new stake in shares of ExxonMobil in the third quarter valued at about $26,000. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the second quarter worth about $27,000. Atlantic Private Wealth LLC raised its position in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares during the last quarter. Pioneer Family Office LLC acquired a new position in shares of ExxonMobil during the 3rd quarter worth about $42,000. Finally, Financial Connections Group Inc. purchased a new position in ExxonMobil in the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Morgan Stanley lifted their price objective on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. DZ Bank cut ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 target price for the company. in a report on Wednesday. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and raised their target price for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. Citigroup lifted their price target on ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, BNP Paribas Exane dropped their price target on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $170.38.

Trending Headlines about ExxonMobil

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 Up 0.3%

Shares of NYSE XOM opened at $165.81 on Friday. The company has a market capitalization of $676.38 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The company has a 50 day simple moving average of $168.83 and a 200-day simple moving average of $155.41. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50.

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

ExxonMobil Increases Dividend

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

About ExxonMobil

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.