12,532 ExxonMobil Corporation $XOM Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing reduced its ExxonMobil stake by 5.7%, selling 12,532 shares and retaining 205,513 shares valued at approximately $33.4 million. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil shares opened at $183.23, near their 52-week high of $183.75, with a market capitalization of about $759.5 billion. The company reported quarterly revenue above expectations but EPS slightly below consensus.
• ExxonMobil declared a quarterly dividend of $1.03 per share, equivalent to a 2.2% yield, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $167.70.

Inspire Investing LLC cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,513 shares of the oil and gas company's stock after selling 12,532 shares during the quarter. ExxonMobil accounts for 1.4% of Inspire Investing LLC's investment portfolio, making the stock its 7th largest position. Inspire Investing LLC's holdings in ExxonMobil were worth $33,447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Core Wealth Management Inc. purchased a new stake in shares of ExxonMobil during the third quarter worth approximately $205,000. XXI Wealth LLC lifted its stake in ExxonMobil by 2.2% in the third quarter. XXI Wealth LLC now owns 18,927 shares of the oil and gas company's stock worth $3,080,000 after acquiring an additional 399 shares during the last quarter. Yousif Capital Management LLC lifted its stake in ExxonMobil by 0.6% in the third quarter. Yousif Capital Management LLC now owns 510,887 shares of the oil and gas company's stock worth $83,147,000 after acquiring an additional 2,806 shares during the last quarter. Seven Mile Advisory acquired a new position in ExxonMobil during the 3rd quarter worth approximately $499,000. Finally, MLP3 LLC grew its holdings in ExxonMobil by 19.1% during the 3rd quarter. MLP3 LLC now owns 3,181 shares of the oil and gas company's stock worth $518,000 after acquiring an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $183.23 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $183.75. The firm's 50 day moving average is $165.80 and its two-hundred day moving average is $155.09. The firm has a market capitalization of $759.46 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.92 and a beta of 0.21.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The company had revenue of $114.53 billion for the quarter, compared to analysts' expectations of $109.94 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. Research analysts forecast that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is currently 53.02%.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $178.00 price objective on shares of ExxonMobil in a research report on Tuesday. Wall Street Zen raised shares of ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Citigroup reissued a "neutral" rating and issued a $175.00 target price (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Morgan Stanley raised their price target on ExxonMobil from $177.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $167.70.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

ExxonMobil Profile

Exxon Mobil Corporation, doing business as ExxonMobil NYSE: XOM, is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

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