Exxon Mobil Corporation $XOM Stock Holdings Reduced by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,322,820 shares of the oil and gas company’s stock after selling 79,218 shares during the period. Mackenzie Financial Corp owned about 0.08% of Exxon Mobil worth $374,648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Vanguard Group Inc. grew its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after buying an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC raised its position in Exxon Mobil by 0.4% during the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares in the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the second quarter valued at approximately $6,163,719,000. Franklin Resources Inc. lifted its stake in Exxon Mobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after acquiring an additional 2,660,910 shares during the last quarter. Finally, Capital Research Global Investors grew its position in Exxon Mobil by 0.4% in the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock worth $3,790,773,000 after acquiring an additional 127,466 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Board recommends redomiciling from New Jersey to Texas — management says the move aligns legal domicile with HQ, could give Exxon a more business‑friendly corporate environment and strengthen defenses vs. activists, which investors view as governance positive. ExxonMobil Board Unanimously Recommends Redomiciling the Company from New Jersey to Texas
• Positive Sentiment: Higher oil prices and low‑cost Permian/Guyana production supporting margins — analysts note WTI near $90–$100 raises cash flow to fund projects and buybacks, bolstering Exxon’s longer‑term earnings potential. Is ExxonMobil Poised to Gain From Current Elevation in Crude Prices?
• Positive Sentiment: Operational agility — Exxon began shipping gasoline from the U.S. Gulf Coast to Australia and is weighing a return to Venezuela, actions that show flexibility to capture margins amid global supply disruption. Exxon Mobil Shifts Supply Routes As Investors Weigh Valuation And Growth
• Positive Sentiment: Large drop in short interest in February — short positions fell ~18.8% to ~48.4M shares, reducing immediate short‑squeeze risk and potentially removing a source of selling pressure. (Short interest data entry)
• Positive Sentiment: Analyst support and raised targets — brokers have kept favorable stances (UBS buy maintained; BofA lifted a price target), giving institutional endorsement for the rally’s continuation. Exxon Mobil: Buy Rating on Undervalued Recovery in Chemicals
• Neutral Sentiment: Surge in options activity — elevated options volume points to heavy positioning/speculation around XOM, which can amplify intraday moves but is ambiguous for direction. Spotlight on Exxon Mobil: Analyzing the Surge in Options Activity
• Negative Sentiment: Short‑term pullback from oil easing — oil prices fell after comments raising hopes of de‑escalation, triggering sector rotation and profit‑taking after XOM’s ~40% rally; that drag and broader energy weakness are pressuring the stock today. Oil Prices Dive as Trump Gives Hope on Iran War. These Big Risks Remain for Crude.
• Negative Sentiment: Sector/market headwinds and sentiment cooling — energy ETF and sector indexes slipped and retail sentiment on social platforms has cooled from February peaks, contributing to near‑term selling pressure despite solid fundamentals. Sector Update: Energy Stocks Decline Tuesday Afternoon

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,150 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the sale, the vice president directly owned 18,204 shares of the company’s stock, valued at approximately $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 16,380 shares of company stock worth $2,227,734 in the last three months. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Piper Sandler decreased 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. Bank of America increased their target price on shares of Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Finally, Citigroup raised their target price on Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.41.

Exxon Mobil Trading Down 1.6%

NYSE:XOM opened at $148.08 on Wednesday. The company’s 50 day moving average is $140.03 and its 200-day moving average is $123.88. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $159.60. The firm has a market cap of $617.01 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 1.23 and a beta of 0.35.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the firm earned $1.67 EPS. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s payout ratio is currently 61.58%.

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.