Destination Wealth Management Acquires 13,153 Shares of Exxon Mobil Corporation $XOM

Destination Wealth Management lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 94.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,062 shares of the oil and gas company’s stock after acquiring an additional 13,153 shares during the period. Destination Wealth Management’s holdings in Exxon Mobil were worth $3,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Elevation Point Wealth Partners LLC lifted its holdings in Exxon Mobil by 30.4% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 69,216 shares of the oil and gas company’s stock worth $7,804,000 after purchasing an additional 16,144 shares in the last quarter. EagleClaw Capital Managment LLC grew its holdings in Exxon Mobil by 38.8% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 9,450 shares of the oil and gas company’s stock valued at $1,065,000 after buying an additional 2,640 shares in the last quarter. Bollard Group LLC grew its holdings in Exxon Mobil by 0.5% during the 3rd quarter. Bollard Group LLC now owns 30,669 shares of the oil and gas company’s stock valued at $3,458,000 after buying an additional 147 shares in the last quarter. Crawford Investment Counsel Inc. raised its position in shares of Exxon Mobil by 28.5% during the third quarter. Crawford Investment Counsel Inc. now owns 73,787 shares of the oil and gas company’s stock valued at $8,319,000 after buying an additional 16,354 shares during the last quarter. Finally, Calydon Capital raised its position in shares of Exxon Mobil by 79.0% during the third quarter. Calydon Capital now owns 72,935 shares of the oil and gas company’s stock valued at $8,223,000 after buying an additional 32,190 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XOM. TD Cowen upped their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Finally, Mizuho set a $140.00 target price on Exxon Mobil in a report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $146.00.

Exxon Mobil Trading Up 1.8%

Shares of XOM opened at $156.29 on Monday. The stock has a market capitalization of $651.20 billion, a PE ratio of 23.36, a P/E/G ratio of 1.22 and a beta of 0.35. The company’s fifty day moving average is $141.99 and its 200 day moving average is $124.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $159.60.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating 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 analyst estimates of $77.98 billion. During the same quarter last year, the business earned $1.67 earnings per share. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Trending Headlines about Exxon Mobil

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

• Positive Sentiment: Geopolitical shock: oil prices have jumped on the Iran conflict, lifting market expectations for higher revenue and margins at integrated oil majors like Exxon. Oil Price Back to the Glory Days: Will XOM, EOG & COP Gain?
• Positive Sentiment: Energy-sector rally: coverage notes Exxon and peers rising this week as investors price in a protracted supply disruption, which benefits upstream and refining margins. Why Exxon and Energy Stocks Finally Started to Rise This Week as the Iran War Escalated
• Positive Sentiment: Analyst upgrade/target lift: Piper Sandler raised XOM’s price target to $186 and moved to overweight — a notable bullish signal from a major shop that can attract fund buying. Piper Sandler raises XOM price target
• Positive Sentiment: Macro support: the EIA and other outlets project higher 2026 oil averages and WTI/Brent levels above recent ranges, underpinning earnings upside from Exxon’s Permian and Guyana production. EIA Projects Higher Oil Price in 2026: What Lies Ahead for ExxonMobil?
• Positive Sentiment: Company fundamentals/strategy: Exxon reiterated multi-year growth targets (13% EPS CAGR to 2030 at investor events) and is expanding carbon capture capacity (new Louisiana project, ~3.2 MTA across sites), which supports both near-term cash flow and longer-term positioning. Here’s How XOM is Actively Involved in Improving Air Quality Via CCS
• Neutral Sentiment: S&P attention/outlook shift: coverage highlights Exxon drawing attention in index/rebalancing conversations after an outlook shift — can boost flows but impact is timing-dependent. Exxon Mobil Draws S&P 500 Attention After Outlook Shift
• Negative Sentiment: Policy offset risk: President Trump signaled tapping the Strategic Petroleum Reserve to lower fuel costs — a move that could blunt crude’s rally and reduce upside for Exxon if implemented at scale. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Market volatility/consumer pushback: broader equity market drops and commentary that high oil prices won’t immediately trigger more drilling inject uncertainty into capital allocation and cyclical demand trends. Markets are reeling from high oil prices. But that doesn’t mean more drilling.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 13,380 shares of company stock valued at $1,871,484 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.