Rathbones Group PLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 786,320 shares of the oil and gas company’s stock after buying an additional 81,785 shares during the quarter. Rathbones Group PLC’s holdings in Exxon Mobil were worth $88,658,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in XOM. Vinva Investment Management Ltd raised its holdings in shares of Exxon Mobil by 18.5% during the third quarter. Vinva Investment Management Ltd now owns 235,178 shares of the oil and gas company’s stock valued at $26,862,000 after acquiring an additional 36,742 shares in the last quarter. Heritage Wealth Advisors lifted its stake in Exxon Mobil by 0.3% in the third quarter. Heritage Wealth Advisors now owns 32,968 shares of the oil and gas company’s stock worth $3,717,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC boosted its holdings in Exxon Mobil by 10.7% in the third quarter. Parallel Advisors LLC now owns 70,311 shares of the oil and gas company’s stock valued at $7,928,000 after acquiring an additional 6,769 shares in the last quarter. Obsidian Personal Planning Solutions LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at $417,000. Finally, CreativeOne Wealth LLC increased its position in Exxon Mobil by 2.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 55,149 shares of the oil and gas company’s stock valued at $6,218,000 after purchasing an additional 1,401 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 16,380 shares of company stock worth $2,227,734. 0.03% of the stock is currently owned by corporate insiders.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 earnings per share. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s payout ratio is 61.58%.
Exxon Mobil News Summary
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Global oil prices have surged above $90/bbl on escalating Middle East tensions and supply cuts, lifting integrated producers’ near‑term cash flow prospects and benefiting XOM. Oil Prices Soar Past $90
- Positive Sentiment: Exxon is actively rerouting fuel and arranging shipments from the U.S. Gulf Coast (including a planned ~600k‑barrel gasoline shipment to Australia), showing operational flexibility to capture higher margins amid regional chokepoints. Exxon Mobil Reroutes Fuel And Revisits Venezuela
- Positive Sentiment: Exxon’s low‑cost growth assets (Permian and Guyana) and low breakeven production profile underpin a stronger medium‑term earnings outlook and justify investor interest during an oil upswing. Key Upstream Assets Fueling ExxonMobil’s Long-Term Outlook
- Positive Sentiment: Some sell‑side support remains—Bernstein reiterated a buy rating—providing institutional endorsement that can sustain investor demand. Bernstein Sticks to Its Buy Rating for Exxon Mobil
- Neutral Sentiment: Macro flows into dividend‑oriented trades (the “HALO” theme and dividend ETFs) are benefiting large, low‑obsolescence names like Exxon as investors seek yield and capital preservation. Investors Are Piling Into the ‘HALO’ Trade
- Neutral Sentiment: Technical analysis pieces warn oil stocks could see short‑term pullbacks after big moves, which raises the risk of volatility despite strong fundamentals. Are Oil Stocks Due for a Drop?
- Negative Sentiment: Insider selling reports have weighed on sentiment and coincided with short‑term weakness in the stock, creating near‑term selling pressure that can temper gains. Exxon Mobil Trading Down After Insider Selling
- Negative Sentiment: Governance changes—including director Jeffrey Ubben not standing for re‑election—add a degree of uncertainty around board composition and investor activism narratives. What Exxon Mobil’s Board Shift and Supply Rerouting Means
- Neutral Sentiment: Broader market noise (ETF/futures moves, an NYSE fine story) is influencing intraday flows but is not specific to Exxon’s fundamentals. NYSE fined $9 million by SEC
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 3rd. Mizuho set a $140.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Citigroup lifted their price objective on Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada upped their target price on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $143.41.
Check Out Our Latest Stock Analysis on Exxon Mobil
About Exxon Mobil
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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