28,437 ExxonMobil Corporation $XOM Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 20.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,563 shares of the oil and gas company’s stock after selling 28,437 shares during the quarter. Phoenix Financial Ltd.’s holdings in ExxonMobil were worth $17,673,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Fisher Asset Management LLC raised its holdings in ExxonMobil by 1.5% in the 3rd quarter. Fisher Asset Management LLC now owns 31,933,523 shares of the oil and gas company’s stock valued at $5,197,181,000 after acquiring an additional 465,409 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ExxonMobil by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after purchasing an additional 1,540,902 shares during the last quarter. Amundi boosted its holdings in shares of ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC grew its position in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of ExxonMobil by 5.9% in the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock valued at $2,099,783,000 after purchasing an additional 693,800 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

More ExxonMobil News

Investors following XOM have been watching these news items:

• 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 Trading Up 0.5%

NYSE:XOM traded up $0.79 on Friday, hitting $170.56. The stock had a trading volume of 11,452,675 shares, compared to its average volume of 14,270,899. The company has a fifty day moving average price of $169.38 and a two-hundred day moving average price of $156.22. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The stock has a market cap of $695.77 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.84 and a beta of 0.16.

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

ExxonMobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a $1.07 dividend. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 16th. ExxonMobil’s payout ratio is currently 43.99%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. Citigroup lifted their price objective on ExxonMobil from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. William Blair assumed coverage on ExxonMobil in a report on Wednesday, October 28th. They issued a “market perform” rating for the company. HSBC reaffirmed a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research note on Friday, September 25th. Finally, Barclays lifted their price target on ExxonMobil from $200.00 to $206.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $170.79.

ExxonMobil 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.