Verdence Capital Advisors LLC Increases Stake in Exxon Mobil Corporation $XOM

Verdence Capital Advisors LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 9.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,362 shares of the oil and gas company’s stock after acquiring an additional 11,784 shares during the period. Exxon Mobil accounts for 0.9% of Verdence Capital Advisors LLC’s portfolio, making the stock its 22nd largest holding. Verdence Capital Advisors LLC’s holdings in Exxon Mobil were worth $15,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Nexus Investment Management ULC lifted its position in Exxon Mobil by 1.6% during the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 89 shares in the last quarter. Axis Wealth Partners LLC raised its stake in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after buying an additional 90 shares during the period. Sagace Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 90 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its position in shares of Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 91 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its stake in shares of Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after acquiring an additional 91 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $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 can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Up 0.4%

Shares of XOM stock opened at $130.41 on Wednesday. The company’s fifty day simple moving average is $119.81 and its two-hundred day simple moving average is $114.85. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $131.94. The stock has a market cap of $549.96 billion, a P/E ratio of 18.95, a PEG ratio of 8.05 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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. The firm had revenue of $83.33 billion for the quarter, compared to analysts’ expectations of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.92 earnings per share. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend 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 is presently 59.88%.

Exxon Mobil News Summary

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 Analysts Forecast Growth

A number of equities research analysts have commented on XOM shares. Cowen restated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Bank of America reduced their price objective on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Zacks Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday. Finally, Sanford C. Bernstein cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $130.25.

Exxon Mobil Company 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.