7,718 ExxonMobil Corporation $XOM Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC cut its stake in ExxonMobil Corporation (NYSE:XOM) by 8.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,172 shares of the oil and gas company’s stock after selling 7,718 shares during the quarter. Private Advisory Group LLC’s holdings in ExxonMobil were worth $13,699,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Dimensional Fund Advisors LP boosted its stake in shares of ExxonMobil by 5.7% during the 1st 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 in the last quarter. Amundi raised its stake in ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after buying an additional 1,192,386 shares in the last quarter. GQG Partners LLC raised its stake in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Swiss National Bank raised its stake in ExxonMobil by 5.9% in the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after buying an additional 693,800 shares in the last quarter. Finally, National Pension Service lifted its holdings in ExxonMobil by 1.8% in the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after buying an additional 166,268 shares during the period. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Stock Up 1.8%

Shares of ExxonMobil stock opened at $169.78 on Friday. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The firm has a market cap of $692.55 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.83 and a beta of 0.16. The company has a 50-day moving average of $169.21 and a 200 day moving average of $156.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping 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 business had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s payout ratio is 42.34%.

Key Headlines Impacting ExxonMobil

These are some of the XOM headlines that stood out recently:

• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

Analyst Ratings Changes

XOM has been the topic of several research reports. UBS Group lifted their price objective on ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Wells Fargo & Company increased their target price on ExxonMobil from $182.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. HSBC reissued a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. Bank of America cut 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 note on Tuesday, July 28th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $178.00 price target on shares of ExxonMobil in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.54.

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.