443,020 ExxonMobil Corporation $XOM Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments cut its ExxonMobil stake by 13.7%, selling 443,020 shares in the third quarter; it still held 2.79 million shares valued at about $454.2 million.
• ExxonMobil beat quarterly estimates, reporting EPS of $4.23 and revenue of $110.5 billion. It also raised its quarterly dividend from $1.03 to $1.07 per share.
• Analyst views are mixed: MarketBeat reports a consensus “Hold” rating and $170.54 price target, while recent target changes ranged from $155 to $193.

Russell Investments Group Ltd. decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,792,390 shares of the oil and gas company's stock after selling 443,020 shares during the quarter. ExxonMobil makes up about 0.4% of Russell Investments Group Ltd.'s holdings, making the stock its 27th biggest position. Russell Investments Group Ltd. owned approximately 0.07% of ExxonMobil worth $454,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp bought a new stake in ExxonMobil during the third quarter worth approximately $76,285,000. Assetmark Inc. grew its holdings in ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after purchasing an additional 37,666 shares during the last quarter. Charles Schwab Trust Co raised its position in shares of ExxonMobil by 392.9% in the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock valued at $16,710,000 after purchasing an additional 97,424 shares during the period. CV Advisors LLC raised its position in shares of ExxonMobil by 126.7% in the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock valued at $1,584,000 after purchasing an additional 6,478 shares during the period. Finally, Partners Wealth Management LLC acquired a new stake in shares of ExxonMobil in the third quarter worth $3,317,000. Institutional investors own 61.80% of the company's stock.

Recent ExxonMobil Headlines

Here are a few of the latest headlines about XOM:

• Positive Sentiment: ExxonMobil made a $12.5 billion final investment decision on its Longtail offshore Guyana development. The project is expected to add future production capacity and reinforce the company’s growth in a key low-cost producing region, though it requires substantial capital. Article: ExxonMobil takes $12.5-billion FID on Longtail development offshore Guyana
• 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

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Wall Street Zen raised shares of ExxonMobil from a "hold" rating to a "buy" rating in a report on Saturday, November 7th. BNP Paribas Exane lowered their target price on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a research note on Friday, July 17th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. TD Cowen boosted their target price on shares of ExxonMobil from $180.00 to $193.00 and gave the stock a "buy" rating in a research report on Wednesday, November 4th. Finally, Zacks Research upgraded shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $170.54.

ExxonMobil Stock Up 1.8%

Shares of XOM stock opened at $169.78 on Friday. ExxonMobil Corporation has a 12 month low of $114.19 and a 12 month high of $188.50. The firm has a market cap of $692.55 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The stock has a 50 day moving average of $169.21 and a 200-day moving average of $156.06. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The business had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. On average, equities analysts predict that ExxonMobil Corporation will post 13.34 EPS for the current 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 given a $1.07 dividend. The ex-dividend date is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.5%. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's dividend payout ratio (DPR) is 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.

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