Stenger Family Office LLC Decreases Stake in Exxon Mobil Corporation $XOM

Stenger Family Office LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 9.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 117,643 shares of the oil and gas company’s stock after selling 11,910 shares during the quarter. Exxon Mobil accounts for about 2.5% of Stenger Family Office LLC’s holdings, making the stock its 10th biggest holding. Stenger Family Office LLC’s holdings in Exxon Mobil were worth $13,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bare Financial Services Inc boosted its holdings in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new position in Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC grew its holdings in Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Investment Research & Advisory Group Inc. bought a new position in shares of Exxon Mobil in the 2nd quarter worth $42,000. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday. Mizuho boosted their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Cowen restated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Citigroup upped their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Finally, Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $130.25.

Exxon Mobil Trading Up 0.5%

Exxon Mobil stock opened at $129.78 on Tuesday. The company has a market cap of $547.30 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 8.05 and a beta of 0.37. The firm has a 50-day moving average of $119.60 and a 200-day moving average of $114.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $131.72.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same period last year, the business posted $1.92 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Key Headlines Impacting Exxon Mobil

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

• Positive Sentiment: Company continues to prioritize returns to shareholders — coverage notes rising dividends and active buybacks backed by low-cost assets and low debt, supporting investor confidence in cash returns through oil cycles. How ExxonMobil Keeps Rewarding Shareholders Across Various Oil Cycles
• Positive Sentiment: Exxon hired Shearwater Geoservices for a large 3D seismic survey offshore Trinidad & Tobago — a move that supports future deepwater exploration and potential reserve upside, which is positive for medium/long-term production growth. ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
• Positive Sentiment: High-profile bullish commentary — Jim Cramer named Exxon a market “real leader,” which can lift retail/investor sentiment and trading interest. Jim Cramer Calls Exxon Mobil One of the “Real Leaders in This Market” Jim Cramer Calls Exxon Mobil One of the “Real Leaders in This Market” (InsiderMonkey)
• Neutral Sentiment: Exxon expanding the Comarch loyalty platform across key European markets — may modestly boost downstream retail engagement and margins over time but is unlikely to move near-term fundamentals. How Investors May Respond To Exxon Mobil (XOM) Expanding Comarch Loyalty Platform Across Key European Markets
• Neutral Sentiment: Geopolitical-driven oil volatility — recent coverage on Venezuelan developments shows crude spiking then falling; such swings increase short-term earnings uncertainty but are a market-wide factor rather than company-specific. Venezuela’s Short v. Long-Term Oil Impacts & How XOM, CVX Play a Role
• Negative Sentiment: Analyst pressure — Scotiabank and Wolfe Research cut price targets for XOM, which can weigh on sentiment and cap near-term upside despite operational positives. Scotiabank and Wolfe Research cut Exxon Mobil (XOM) price targets

Exxon Mobil Profile

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.