Lockheed Martin Investment Management Co. Sells 170,740 Shares of ExxonMobil Corporation $XOM

Lockheed Martin Investment Management Co. trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 67.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,010 shares of the oil and gas company’s stock after selling 170,740 shares during the period. ExxonMobil accounts for 1.0% of Lockheed Martin Investment Management Co.’s portfolio, making the stock its 20th biggest position. Lockheed Martin Investment Management Co.’s holdings in ExxonMobil were worth $13,347,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. NBT Bank N.A. bought a new stake in shares of ExxonMobil during the 3rd quarter valued at about $26,000. Aventus Investment Advisors Inc. bought a new position in ExxonMobil in the second quarter worth about $27,000. Atlantic Private Wealth LLC lifted its holdings in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the last quarter. Pioneer Family Office LLC bought a new position in ExxonMobil in the third quarter worth about $42,000. Finally, Financial Connections Group Inc. acquired a new position in ExxonMobil in the first quarter valued at approximately $53,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XOM. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. DZ Bank lowered ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 price objective for the company. in a research report on Wednesday, November 4th. JPMorgan Chase & Co. upped their price objective on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley increased their target price on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Finally, Barclays upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Hold” and an average target price of $170.38.

ExxonMobil Trading Down 0.6%

Shares of XOM stock opened at $164.81 on Tuesday. 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 Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The stock has a fifty day moving average of $168.99 and a two-hundred day moving average of $155.57. The firm has a market capitalization of $672.29 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its quarterly 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. The company had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter in the prior year, the business posted $1.88 earnings per share. As a group, research analysts expect that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 42.34%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signed a preliminary agreement with Venezuela to evaluate oil opportunities, creating a possible avenue for future growth. The agreement is preliminary, so any commercial impact remains uncertain. Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities
• Positive Sentiment: An investor on CNBC’s “Final Trades” selected ExxonMobil, offering a modest positive endorsement, though such picks are not a major fundamental catalyst. CNBC Final Trades
• Neutral Sentiment: A bullish investment thesis argues Exxon is better positioned than the energy-sector ETF XLE after the U.S. election; the headline provides no specific new company catalyst. ExxonMobil Is Better Positioned Than XLE Post-Election
• Neutral Sentiment: Coverage says Exxon’s 2026 gains have been supported by oil above $100 and strong refining margins. Those conditions bolster results, but the stock’s substantial run-up may leave it sensitive to changes in commodity prices. ExxonMobil Is Up 38% in 2026 and Chevron Is Up 39%
• Neutral Sentiment: An analyst raised Exxon’s price target to $162. The change is a positive revision, but the target offers limited upside relative to the $164.81 price in the supplied market data. ExxonMobil Price Target Raised to $162.00
• Negative Sentiment: Exxon paused work on its planned Texas hydrogen facility amid slow progress on hydrogen hubs, uncertain federal funding, and weak customer demand. The delay raises questions about the pace of its lower-carbon business plans. ExxonMobil Pauses Work On Its Texas Hydrogen Facility
• Negative Sentiment: Commentary cautions that oil prices are volatile and could fall, putting pressure on energy stocks trading near record highs. A pullback could weaken the commodity-driven support for Exxon’s shares. Exxon and Chevron Are Near Record Highs

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.