Pacific Heights Asset Management LLC Buys 10,000 Shares of Exxon Mobil Corporation $XOM

Pacific Heights Asset Management LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the oil and gas company’s stock after purchasing an additional 10,000 shares during the period. Exxon Mobil makes up about 1.0% of Pacific Heights Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Pacific Heights Asset Management LLC’s holdings in Exxon Mobil were worth $23,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Horizon Bancorp Inc. IN boosted its position in Exxon Mobil by 16.3% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 3,282 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 460 shares during the last quarter. Element Wealth LLC grew its holdings in Exxon Mobil by 4.4% during the 3rd quarter. Element Wealth LLC now owns 9,493 shares of the oil and gas company’s stock worth $1,070,000 after acquiring an additional 396 shares during the period. Arkadios Wealth Advisors raised its position in shares of Exxon Mobil by 18.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 184,824 shares of the oil and gas company’s stock valued at $20,839,000 after acquiring an additional 28,149 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 14.8% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 81,904 shares of the oil and gas company’s stock valued at $9,235,000 after purchasing an additional 10,557 shares during the period. Finally, Nordwand Advisors LLC boosted its position in shares of Exxon Mobil by 3.8% in the 3rd quarter. Nordwand Advisors LLC now owns 5,955 shares of the oil and gas company’s stock worth $671,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

More Exxon Mobil News

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

• Positive Sentiment: Exxon continues to prioritize shareholder returns through rising dividends and buybacks funded by strong cash flow, low debt and low-cost assets — a thesis that supports equity demand across oil-cycle volatility. 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 advances exploration optionality and potential future production growth. Exploration upside can re-rate energy names if successful. ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
• Positive Sentiment: Management is expanding the Comarch loyalty platform across key European markets, which could boost downstream customer engagement and refine retail margins — investors may view this as steadying near-term cash flow and strengthening non-upstream revenues. How Investors May Respond To Exxon Mobil (XOM) Expanding Comarch Loyalty Platform Across Key European Markets
• Neutral Sentiment: Analysts are reassessing Exxon’s valuation after reported improved access to Venezuela and the European loyalty expansion; the net effect may be mixed — potential production upside from Venezuela vs. execution and geopolitical risks. Investors will watch guidance and reserve updates for clarity. Assessing Exxon Mobil (XOM) Valuation After Venezuela Access And European Loyalty Expansion
• Negative Sentiment: Scotiabank and Wolfe Research cut price targets on XOM, which can create short-term downward pressure on the stock and temper upside expectations among some institutional holders. Scotiabank and Wolfe Research cut Exxon Mobil (XOM) price targets

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XOM shares. Bank of America dropped their price objective on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Zacks Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Sanford C. Bernstein dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Monday, December 8th. Finally, UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. One equities 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $130.25.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the 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 transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.4%

Exxon Mobil stock opened at $130.41 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The company’s 50-day moving average is $119.81 and its 200-day moving average is $114.85. The firm has a market capitalization of $549.96 billion, a PE ratio of 18.95, a P/E/G ratio of 8.05 and a beta of 0.37. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $131.94.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

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.