Exxon Mobil Corporation $XOM Stake Trimmed by McGowan Group Asset Management Inc.

McGowan Group Asset Management Inc. reduced its position in Exxon Mobil Corporation (NYSE:XOM) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,966 shares of the oil and gas company’s stock after selling 6,782 shares during the quarter. Exxon Mobil makes up about 3.5% of McGowan Group Asset Management Inc.’s investment portfolio, making the stock its 8th largest holding. McGowan Group Asset Management Inc.’s holdings in Exxon Mobil were worth $28,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Exxon Mobil in the 2nd quarter worth $6,163,719,000. First Trust Advisors LP lifted its holdings in Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after purchasing an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its stake in Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after buying an additional 3,066,736 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Exxon Mobil by 7.4% during 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 buying an additional 2,660,910 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Citigroup lifted their price target on shares of Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Piper Sandler dropped 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. Loop Capital set a $123.00 price objective on Exxon Mobil in a research report on Tuesday, February 3rd. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $143.41.

Trending Headlines about Exxon Mobil

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

• Positive Sentiment: Exxon presented a long-term plan at the Morgan Stanley Energy & Power Conference calling for roughly 13% compound annual earnings growth through 2030 — a bullish guidance signal that supports upside for EPS, cash flow and valuation. Exxon Mobil Corporation (XOM) Targets 13% Earnings Growth Through 2030
• Positive Sentiment: Geopolitical supply risk: comments from Saudi Aramco’s CEO warning that an Iran war would be “catastrophic” for oil markets have helped lift crude — a direct tailwind for Exxon’s integrated upstream and refining margins. Saudi Aramco CEO Warns “Iran war will have ‘catastrophic consequences’ for global oil market”
• Positive Sentiment: Operational/market expansion: Reuters reports Exxon prepared its first U.S. Gulf Coast gasoline shipment to Australia — evidence of flexible supply chains and commercial reach that can capture arbitrage and refining margins. Exxon (XOM) To Take Its First Fuel Supply From the US Gulf Coast To Australia, According To Sources
• Positive Sentiment: Income and investor appeal: recent commentary highlights Exxon’s long dividend streak and buybacks (Seeking Alpha/other coverage), which supports demand from income-focused investors and helps justify multiples. Exxon Mobil (XOM): Dividend Royalty With A $630B Market Cap | 2-Minute Analysis
• Neutral Sentiment: Short interest fell sharply in February (≈18.8% drop) — reduces short squeezes risk but signals fewer bearish bets; could mute volatility. (data summary; no article link)
• Neutral Sentiment: Corporate housekeeping: Exxon is pursuing a legal redomicile from New Jersey to Texas, a move framed as governance/efficiency-driven; likely neutral-to-modestly positive for valuation over time. Exxon Mobil Texas Domicile Move And What It May Mean For Valuation
• Negative Sentiment: Political headwind: President Trump said he would tap the Strategic Petroleum Reserve to lower energy costs — SPR releases can cap oil prices and hurt upstream margins, a near-term downside risk for Exxon. Iran war: Trump says he’ll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Market churn: intraday swings and sector weakness on days when de‑escalation hopes surface have produced short-term pullbacks and increased volatility for energy stocks. Oil Prices Dive as Trump Gives Hope on Iran War. These Big Risks Remain for Crude.

Insider Buying and Selling 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 shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the sale, the vice president owned 18,204 shares in the company, valued at approximately $2,872,955.28. This trade represents a 10.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 16,380 shares of company stock valued at $2,227,734 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.3%

Shares of NYSE:XOM opened at $151.52 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.79 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 company has a 50-day moving average price of $140.65 and a 200 day moving average price of $124.07. The company has a market cap of $631.33 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.21 and a beta of 0.35.

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

Exxon Mobil Announces Dividend

The company also recently disclosed 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 was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s payout ratio is 61.58%.

About Exxon Mobil

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.