ExxonMobil Corporation $XOM Shares Sold by SVB Wealth LLC

SVB Wealth LLC reduced its position in ExxonMobil Corporation (NYSE:XOM) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,750 shares of the oil and gas company’s stock after selling 10,017 shares during the quarter. ExxonMobil accounts for approximately 0.8% of SVB Wealth LLC’s holdings, making the stock its 29th biggest holding. SVB Wealth LLC’s holdings in ExxonMobil were worth $11,189,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CPA Asset Management Group LLC grew its stake in shares of ExxonMobil by 1.8% during the third 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 during the last quarter. DecisionMap Wealth Management LLC raised its holdings in shares of ExxonMobil by 2.2% in the third 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 period. DSG Capital Advisors LLC raised its holdings in shares of ExxonMobil by 0.4% in the third 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 period. WP Advisors LLC raised its holdings in shares of ExxonMobil by 3.0% in the third 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 period. Finally, Acorn Creek Capital LLC raised its holdings in shares of 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 during the period. Institutional investors own 61.80% of the company’s stock.

Recent ExxonMobil Headlines

Here are a few of the latest headlines about XOM:

• 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?
• Negative Sentiment: Sanford C. Bernstein lowered its price target to $186 from $193, although it maintained an “outperform” rating. Separately, ETFs were net sellers of XOM, a modest potential source of near-term pressure. Article: Sanford C. Bernstein stock recommendations Article: ETFs Are Net Sellers of ExxonMobil

ExxonMobil Stock Up 1.8%

NYSE:XOM opened at $169.78 on Friday. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The company has a 50-day moving average of $169.21 and a 200 day moving average of $156.06. The firm has a market cap of $692.55 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS 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 during the quarter, compared to analyst estimates of $104.89 billion. During the same quarter in the previous year, the business posted $1.88 EPS. As a group, research analysts anticipate that ExxonMobil Corporation will post 13.34 EPS 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 dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.5%. ExxonMobil’s dividend payout ratio is 42.34%.

Analyst Ratings Changes

XOM has been the subject of a number of recent analyst reports. Argus boosted their price objective on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Morgan Stanley upped their price objective on ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Piper Sandler increased their target price on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings upgraded ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ExxonMobil currently has an average rating of “Hold” and a consensus price target of $170.54.

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.