ExxonMobil Corporation $XOM Position Lessened by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its position in ExxonMobil Corporation (NYSE:XOM) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,563 shares of the oil and gas company’s stock after selling 28,437 shares during the period. Phoenix Financial Ltd.’s holdings in ExxonMobil were worth $17,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC grew its holdings in ExxonMobil by 3.6% in the third quarter. Drive Wealth Management LLC now owns 33,508 shares of the oil and gas company’s stock valued at $5,454,000 after purchasing an additional 1,149 shares during the period. Dogwood Wealth Management LLC purchased a new stake in shares of ExxonMobil in the third quarter valued at approximately $508,000. Rasp Wealth Solutions LLC increased its position in shares of ExxonMobil by 0.4% in the third quarter. Rasp Wealth Solutions LLC now owns 22,923 shares of the oil and gas company’s stock valued at $3,731,000 after buying an additional 85 shares in the last quarter. MSH Capital Advisors LLC raised its stake in shares of ExxonMobil by 1.0% during the 3rd quarter. MSH Capital Advisors LLC now owns 40,350 shares of the oil and gas company’s stock worth $6,567,000 after buying an additional 413 shares during the period. Finally, Cornerstone Advisory LLC raised its stake in shares of ExxonMobil by 3.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 21,903 shares of the oil and gas company’s stock worth $3,565,000 after buying an additional 642 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Recent ExxonMobil Headlines

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

• Positive Sentiment: ExxonMobil approved the $12.5 billion Longtail development offshore Guyana. The project is expected to add future production capacity, supporting longer-term growth, although production is not expected until 2030. Article: ExxonMobil Advances Next Phase of Guyana Development with Longtail
• Positive Sentiment: Shareholder returns remain robust: ExxonMobil raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase, and plans $20 billion in buybacks in 2027. The company generated more than $39 billion in free cash flow through September. Article: ExxonMobil dividend and buyback plans
• Negative Sentiment: Bernstein lowered its price target to $186 from $193 and warned that oil stocks may struggle to appreciate, while keeping an Outperform rating. Article: Analyst trims oil-stock price targets

ExxonMobil Price Performance

NYSE:XOM traded up $0.79 during trading hours on Friday, hitting $170.56. 11,452,675 shares of the stock were exchanged, compared to its average volume of 14,270,899. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50. The firm’s fifty day moving average price is $169.38 and its 200 day moving average price is $156.22. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The company has a market cap of $695.77 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.84 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The business 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 firm earned $1.88 earnings per share. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio (DPR) is presently 43.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DZ Bank lowered ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 target price on the stock. in a research report on Wednesday, November 4th. Argus boosted their price target on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. BMO Capital Markets upped their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Citigroup upped their price objective on shares of ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil has a consensus rating of “Hold” and a consensus price target of $170.79.

ExxonMobil Company Profile

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.