Private Advisory Group LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,487 shares of the oil and gas company’s stock after purchasing an additional 6,039 shares during the period. Exxon Mobil accounts for approximately 1.3% of Private Advisory Group LLC’s portfolio, making the stock its 19th biggest holding. Private Advisory Group LLC’s holdings in Exxon Mobil were worth $16,545,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at approximately $30,000. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $40,000. TruNorth Capital Management LLC lifted its holdings in shares of 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 worth $40,000 after buying an additional 335 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its position in shares of Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the period. Finally, Marquette Asset Management LLC boosted its position in shares of Exxon Mobil by 307.0% in the third quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.
Key Exxon Mobil News
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Golden Pass LNG reached first production (Train 1 ~6 MTPA), bringing incremental U.S. export capacity online and supporting future LNG sales and cash flow for Exxon via the QatarEnergy JV. Exxon and QatarEnergy’s joint venture Golden Pass produces first LNG at new Texas facility
- Positive Sentiment: Management commentary and market reports indicate Exxon is benefiting from higher oil prices and supply disruption (Strait of Hormuz), putting the company on track for one of its strongest quarters — a direct tailwind for revenues and free cash flow. Exxon Mobil Is on Track for Its Best Quarter Ever
- Positive Sentiment: Exxon’s Shute Creek asset is highlighted as strategically important amid a growing helium shortage, underscoring non?oil revenue optionality and the company’s strong cash generation profile. Helium “Tsunami” to Hit Chipmakers — The Surprising Winner to Profit From the Coming Shortage
- Neutral Sentiment: Union workers at Exxon’s Baton Rouge refining and chemical complex ratified a new four?year contract, reducing near?term labor disruption risk at a major operational site. Union workers ratify contract at Exxon Louisiana complex, sources say
- Negative Sentiment: Reports (WSJ/Yahoo) say Exxon scientists flagged that its high?profile $500M algae biofuels program was underperforming while executives continued to promote it to investors — a reputational/strategic risk that could invite scrutiny and dent investor confidence. Exxon Scientists Had Doubts About Algae Biofuels. The Oil Giant Touted Them Anyway.
- Negative Sentiment: Intraday selling pressure appears linked to energy sector weakness and reports that some investors are pricing in easing geopolitical risk — profit?taking that offsets some of Exxon’s fundamental tailwinds. Exxon Mobil (XOM) Stock Dips While Market Gains: Key Facts
Exxon Mobil Stock Down 0.9%
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.4%. Exxon Mobil’s dividend payout ratio is 61.58%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on XOM. Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Bank of America increased their price target on shares of Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Finally, TD Cowen upped their price objective on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $151.00.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is owned by corporate 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.
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