ExxonMobil Corporation $XOM Stock Holdings Reduced by Tamar Securities LLC

Tamar Securities LLC reduced its stake in ExxonMobil Corporation (NYSE:XOM) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,983 shares of the oil and gas company’s stock after selling 4,553 shares during the period. ExxonMobil accounts for 2.8% of Tamar Securities LLC’s holdings, making the stock its 11th biggest holding. Tamar Securities LLC’s holdings in ExxonMobil were worth $30,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. NBT Bank N.A. acquired a new stake in shares of ExxonMobil in the 3rd quarter valued at about $26,000. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil in the 2nd quarter valued at about $27,000. Atlantic Private Wealth LLC increased its position in ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares in the last quarter. Pioneer Family Office LLC acquired a new position in ExxonMobil during the 3rd quarter worth approximately $42,000. Finally, Financial Connections Group Inc. acquired a new position in ExxonMobil during the 1st quarter worth approximately $53,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. BNP Paribas Exane cut their price target on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. Wells Fargo & Company boosted their price objective on ExxonMobil from $182.00 to $189.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. UBS Group boosted their price objective on ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a report on Monday, November 2nd. 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. Finally, Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ExxonMobil has a consensus rating of “Hold” and an average target price of $170.38.

ExxonMobil Stock Up 0.3%

Shares of NYSE:XOM traded up $0.51 during midday trading on Friday, hitting $165.81. 15,867,839 shares of the company’s stock were exchanged, compared to its average volume of 12,226,232. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The stock has a 50 day moving average price of $168.83 and a 200-day moving average price of $155.41. The company has a market cap of $687.28 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.16. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month high of $188.50.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The business had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same quarter last year, the firm earned $1.88 EPS. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.6%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is currently 42.34%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Citigroup and TD Cowen analysts reportedly see potential for further share-price appreciation, providing a bullish counterweight to the downgrade. Citigroup Forecasts Strong Price Appreciation for ExxonMobil TD Cowen Analyst Expects ExxonMobil Stock to Rise
• Positive Sentiment: ExxonMobil’s Uaru project is expected to unlock additional supply capacity in Guyana, supporting the company’s long-term production outlook in a growing oil-producing market. IMF Projects Strong Guyana Growth as Uaru Adds Supply Capacity
• Positive Sentiment: A fund manager with about $5.87 billion under management is described as betting big on ExxonMobil, which may reinforce confidence among investors watching institutional positioning. A $5.9 Billion Fund Is Betting Big on ExxonMobil
• Neutral Sentiment: ExxonMobil and Shell are reportedly exploring a sale of their Infineum joint venture, potentially a multi-billion-dollar transaction. A sale could reshape the portfolio, but its impact depends on the terms and use of proceeds. ExxonMobil and Shell Reportedly Explore Infineum Sale
• Negative Sentiment: DZ Bank’s downgrade was followed by reports of declines in XOM shares, making the rating change a near-term negative catalyst. The coverage does not provide the specific rationale or revised price target. ExxonMobil Gets a Downgrade from DZ Bank

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.

ExxonMobil serves customers and operates in markets around the world.