ExxonMobil Corporation $XOM Stock: Marble Harbor Investment Counsel LLC Grows Position

Marble Harbor Investment Counsel LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOM) by 479.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,910 shares of the oil and gas company’s stock after purchasing an additional 95,910 shares during the period. ExxonMobil comprises about 1.8% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 16th largest holding. Marble Harbor Investment Counsel LLC’s holdings in ExxonMobil were worth $18,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CPA Asset Management Group LLC raised its holdings in shares of ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after buying an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC lifted its position in ExxonMobil by 2.2% in the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after buying an additional 62 shares during the last quarter. DSG Capital Advisors LLC lifted its position in ExxonMobil by 0.4% in the 3rd quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock worth $2,611,000 after buying an additional 62 shares during the last quarter. WP Advisors LLC lifted its position in ExxonMobil by 3.0% in the 3rd quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after buying an additional 63 shares during the last quarter. Finally, Acorn Creek Capital LLC boosted its stake in ExxonMobil by 2.0% in the third quarter. Acorn Creek Capital LLC now owns 3,264 shares of the oil and gas company’s stock worth $531,000 after buying an additional 64 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price target for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. BMO Capital Markets boosted their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. BNP Paribas Exane cut their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. Finally, HSBC reaffirmed a “hold” rating and issued a $90.00 price objective on shares of ExxonMobil in a research note on Friday, September 25th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $170.54.

ExxonMobil Stock Up 1.8%

XOM opened at $169.78 on Friday. The company has a market cap of $692.55 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.83 and a beta of 0.16. The business’s 50-day moving average price is $169.21 and its 200-day moving average price is $156.06. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month high of $188.50.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter in the previous year, the company posted $1.88 EPS. On average, equities analysts expect that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a $1.07 dividend. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.5%. ExxonMobil’s payout ratio is presently 42.34%.

Trending Headlines about ExxonMobil

These are some of the XOM headlines that stood out recently:

• Positive Sentiment: ExxonMobil made a $12.5 billion final investment decision on its Longtail offshore Guyana development. The project is expected to add future production capacity and reinforce the company’s growth in a key low-cost producing region, though it requires substantial capital. Article: ExxonMobil takes $12.5-billion FID on Longtail development offshore Guyana
• Positive Sentiment: Elevated crude prices are a potential tailwind for ExxonMobil’s upstream business. Reports cited oil above $85 per barrel, while Brent rose about 3% to nearly $96 amid Iran-related tensions—supportive of revenue from producing assets such as the Permian and Guyana. Article: Oil Price is Still High: Boon for ExxonMobil’s Upstream Business?
• Neutral Sentiment: The company signed a non-binding agreement to evaluate seven areas in Venezuela for possible oil and gas projects. This offers potential longer-term opportunity, but no development commitment or production benefit is established yet. Article: Exxon assessing 7 areas in Venezuela for possible energy projects

About ExxonMobil

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.