Lake Street Private Wealth LLC Sells 45,520 Shares of Exxon Mobil Corporation $XOM

Lake Street Private Wealth LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 83.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,721 shares of the oil and gas company’s stock after selling 45,520 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Exxon Mobil were worth $983,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP bought a new position in Exxon Mobil during the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC increased its stake in Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares during the period. Castellan Group increased its stake in Exxon Mobil by 2.9% in the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after purchasing an additional 740 shares during the period. Finally, United Bank lifted its position in Exxon Mobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors 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: Energy-sector momentum: Energy names were up Monday afternoon, supporting XOM’s move as the NYSE Energy index rose and traders rotated into beaten-up oil majors. Sector Update: Energy Stocks Rise Monday Afternoon
• Positive Sentiment: Regulatory tailwind: Analysis notes a potentially friendlier U.S. regulatory environment under the current administration that could reduce compliance costs and benefit large integrated producers like Exxon. A Friendlier Regulatory Environment May Be on the Horizon for These 2 Energy Stocks as the Trump Administration Rolls Back Greenhouse Gas Regulation
• Positive Sentiment: Bullish commentary and company execution: Analysts and coverage point to strong free cash flow generation and successful execution of growth plans (cited as reasons for January’s rally and multi-year upside). That supports investor confidence in buybacks/dividends. ExxonMobil Stock Surged 17% in January — Here’s What Drove the Rally (and What You Really Need to Focus On)
• Neutral Sentiment: Insider activity: A reported sale by Rep. Gilbert Ray Cisneros, Jr. was disclosed — a single disclosure that may attract attention but doesn’t currently change company fundamentals. Exxon Mobil (NYSE:XOM) Shares Unloaded Rep. Gilbert Ray Cisneros, Jr.
• Neutral Sentiment: Potential asset recovery case: The Supreme Court also agreed to hear Exxon’s bid related to compensation claims from Cuba — a case that could produce a payout if decided favorably, but currently adds legal uncertainty rather than an immediate stock catalyst. US Supreme Court to hear Exxon bid for compensation from Cuba
• Negative Sentiment: Supreme Court climate litigation risk: The U.S. Supreme Court agreed to hear Exxon’s request to block Boulder’s climate-related lawsuit (and related filings), increasing legal and reputational uncertainty that could pressure the stock if the litigation outlook worsens. US Supreme Court to hear Exxon and Suncor bid to toss Boulder’s climate suit
• Negative Sentiment: Boardroom and governance concerns: Coverage highlights boardroom transition risks tied to the legal fight and investor activism, which can create longer-term governance uncertainty and weigh on sentiment. Exxon Mobil Faces Supreme Court Climate Case And Boardroom Transition Risks
• Negative Sentiment: Macro/market-structure warning: A market commentary flagged defensive names (including Exxon) as potentially overvalued within a distorted market structure, suggesting broader correction risk that could drag XOM if it reverses. The Bull Market Is Lying To You — Here’s What The Charts Are Really Saying

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This represents a 13.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America lifted their target price on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. BNP Paribas Exane cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, February 3rd. Piper Sandler dropped their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada upped their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.59.

Exxon Mobil Price Performance

XOM stock opened at $150.72 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93. The firm has a 50-day moving average of $132.95 and a 200 day moving average of $120.55. The company has a market cap of $628.01 billion, a P/E ratio of 22.53, a PEG ratio of 15.28 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 EPS. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

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.