ExxonMobil Corporation $XOM Stock Holdings Decreased by SVB Wealth LLC

SVB Wealth LLC lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 12.7% during the third quarter, Holdings Channel.com reports. The firm owned 68,750 shares of the oil and gas company’s stock after selling 10,017 shares during the quarter. ExxonMobil makes up about 0.8% of SVB Wealth LLC’s investment portfolio, making the stock its 29th biggest position. SVB Wealth LLC’s holdings in ExxonMobil were worth $11,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBT Bank N.A. bought a new position in ExxonMobil in the third quarter worth about $26,000. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the second quarter valued at about $27,000. Atlantic Private Wealth LLC boosted its holdings in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares in the last quarter. Pioneer Family Office LLC bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $42,000. Finally, Financial Connections Group Inc. bought a new stake in shares of ExxonMobil in the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Investors following XOM have been watching these headlines:

• 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?
• Neutral Sentiment: The company signed a non-binding agreement to evaluate seven areas in Venezuela for possible oil and gas projects. This offers potential longer-term opportunity, but no development commitment or production benefit is established yet. Article: Exxon assessing 7 areas in Venezuela for possible energy projects
• Neutral Sentiment: ExxonMobil is challenging EU carbon-capture regulations and seeking suspension of certain timing requirements. The outcome could affect its carbon-capture plans, but the financial impact is not yet clear. Article: ExxonMobil launched legal challenge to EU carbon capture rules

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. BNP Paribas Exane cut their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Jefferies Financial Group raised their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, August 17th. UBS Group raised their target price on shares of ExxonMobil from $199.00 to $213.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Freedom Broker lifted their price target on shares of ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a report on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus price target of $170.54.

ExxonMobil Stock Performance

XOM opened at $169.78 on Friday. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The company has a market cap of $692.55 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The firm’s 50-day moving average price is $169.21 and its 200-day moving average price is $156.06.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data 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. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. During the same period last year, the firm posted $1.88 EPS. As a group, equities analysts anticipate that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio (DPR) is currently 42.34%.

ExxonMobil Company 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.