ExxonMobil Corporation $XOM Stock: Lockheed Martin Investment Management Co. Cuts Holdings

Lockheed Martin Investment Management Co. reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 67.6% in the third quarter, HoldingsChannel.com reports. The firm owned 82,010 shares of the oil and gas company’s stock after selling 170,740 shares during the period. ExxonMobil comprises about 1.0% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 20th biggest holding. Lockheed Martin Investment Management Co.’s holdings in ExxonMobil were worth $13,347,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. NBT Bank N.A. acquired a new stake in shares of ExxonMobil in the third quarter valued at $26,000. Aventus Investment Advisors Inc. acquired a new position in ExxonMobil during the second quarter worth about $27,000. Atlantic Private Wealth LLC grew its holdings in ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the period. Pioneer Family Office LLC bought a new stake in ExxonMobil in the third quarter worth about $42,000. Finally, Financial Connections Group Inc. bought a new stake in ExxonMobil in the first quarter worth about $53,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signed a preliminary agreement with Venezuela to evaluate oil opportunities, creating a possible avenue for future growth. The agreement is preliminary, so any commercial impact remains uncertain. Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities
• Positive Sentiment: An investor on CNBC’s “Final Trades” selected ExxonMobil, offering a modest positive endorsement, though such picks are not a major fundamental catalyst. CNBC Final Trades
• Neutral Sentiment: A bullish investment thesis argues Exxon is better positioned than the energy-sector ETF XLE after the U.S. election; the headline provides no specific new company catalyst. ExxonMobil Is Better Positioned Than XLE Post-Election
• Neutral Sentiment: Coverage says Exxon’s 2026 gains have been supported by oil above $100 and strong refining margins. Those conditions bolster results, but the stock’s substantial run-up may leave it sensitive to changes in commodity prices. ExxonMobil Is Up 38% in 2026 and Chevron Is Up 39%
• Neutral Sentiment: An analyst raised Exxon’s price target to $162. The change is a positive revision, but the target offers limited upside relative to the $164.81 price in the supplied market data. ExxonMobil Price Target Raised to $162.00
• Negative Sentiment: Exxon paused work on its planned Texas hydrogen facility amid slow progress on hydrogen hubs, uncertain federal funding, and weak customer demand. The delay raises questions about the pace of its lower-carbon business plans. ExxonMobil Pauses Work On Its Texas Hydrogen Facility
• Negative Sentiment: Commentary cautions that oil prices are volatile and could fall, putting pressure on energy stocks trading near record highs. A pullback could weaken the commodity-driven support for Exxon’s shares. Exxon and Chevron Are Near Record Highs

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and upped their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. TD Cowen boosted their target price on shares of ExxonMobil from $180.00 to $193.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. BNP Paribas Exane cut their target price 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, Morgan Stanley raised their target price on shares of ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.38.

ExxonMobil Price Performance

XOM stock opened at $164.81 on Tuesday. ExxonMobil Corporation has a one year low of $114.19 and a one year high of $188.50. The firm has a 50-day moving average of $168.99 and a two-hundred day moving average of $155.57. The firm has a market capitalization of $672.29 billion, a PE ratio of 16.94, a P/E/G ratio of 0.83 and a beta of 0.16. 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 (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, topping 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 for the quarter, compared to the consensus estimate of $104.89 billion. During the same period last year, the firm posted $1.88 earnings per share. On average, analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.07 dividend. 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 2.6%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio (DPR) is 42.34%.

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.

ExxonMobil serves customers and operates in markets around the world.