ExxonMobil Corporation $XOM Shares Sold by Vest Financial LLC

Vest Financial LLC decreased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 432,341 shares of the oil and gas company’s stock after selling 13,751 shares during the period. Vest Financial LLC’s holdings in ExxonMobil were worth $70,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in ExxonMobil by 5.7% in the first 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 buying an additional 1,540,902 shares during the period. Amundi boosted its position in ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares in the last quarter. GQG Partners LLC boosted its position in ExxonMobil by 153.3% during the 2nd 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 acquiring an additional 10,214,420 shares in the last quarter. Swiss National Bank boosted its position in ExxonMobil by 5.9% during the 1st 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 acquiring an additional 693,800 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of ExxonMobil by 1.8% during the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after acquiring an additional 166,268 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Down 0.1%

Shares of NYSE XOM opened at $177.94 on Friday. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $180.31. The stock has a market cap of $737.56 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 0.89 and a beta of 0.21. The firm has a 50-day moving average of $165.33 and a 200 day moving average of $154.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period in the previous year, the firm earned $1.64 EPS. As a group, sell-side analysts expect that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings. ExxonMobil shares have gained about 12% over the past month and 45% this year as Middle East attacks pushed Brent crude above $100 per barrel. Higher oil prices can improve upstream revenue and cash flow. ExxonMobil Just Gained 12% in a Month and Chevron 11%: Take Profits, or Buy More?
• Positive Sentiment: Analyst sentiment has improved. Zacks upgraded XOM from “hold” to “strong buy,” while Barclays raised its price target. The upgrades reflect ExxonMobil’s strong performance, balance sheet and outlook. Zacks Research Stock Recommendations ExxonMobil Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Long-term production prospects remain favorable. Low-cost Permian Basin and Guyana assets are expected to support upstream production growth through 2030, while disciplined investment could strengthen returns as oil prices remain elevated. Can ExxonMobil Strengthen Its Long-Term Upstream Production Capacity?
• Neutral Sentiment: Momentum is attracting investor attention. Analysts describe XOM as a strong momentum stock and note that it has outperformed BP, although BP’s lower valuation may appeal to value-focused investors. XOM vs. BP: Which Integrated Energy Giant Has the Edge?
• Negative Sentiment: Illinois refinery disruption is a near-term concern. The outage has contributed to a surge in Midwest gasoline prices and could pressure ExxonMobil’s refining volumes or raise repair costs, despite potentially supporting regional fuel margins. Midwest Pump Prices Surge After Disruption at Exxon’s Illinois Refinery

Analysts Set New Price Targets

XOM has been the subject of several research reports. Wall Street Zen raised ExxonMobil to a “hold” rating in a research report on Saturday, September 5th. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Tuesday, August 4th. BMO Capital Markets lifted their price target on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $175.00 price target (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.70.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.