50,641 ExxonMobil Corporation $XOM Shares Sold by Trek Financial LLC

Key Points

• Trek Financial LLC cut its ExxonMobil position by 51.8% in the third quarter, selling 50,641 shares and retaining 47,059 shares valued at approximately $7.66 million. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil exceeded third-quarter earnings expectations, reporting $4.23 in adjusted EPS and $110.5 billion in revenue, supported by refining margins and LNG growth. The company also raised its quarterly dividend 3.9% to $1.07 per share, marking its 44th consecutive annual increase.
• Shares recently traded down 3.9% after reaching a record high, as falling crude prices prompted profit-taking and upstream earnings declined sequentially. Analysts remain broadly positive, with a “Moderate Buy” consensus, though the stock’s elevated valuation leaves less room for disappointment.

Trek Financial LLC lowered its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 51.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,059 shares of the oil and gas company's stock after selling 50,641 shares during the quarter. Trek Financial LLC's holdings in ExxonMobil were worth $7,659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XOM. GQG Partners LLC increased its holdings in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after buying an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC purchased a new stake in ExxonMobil during the first quarter worth $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in ExxonMobil during the first quarter worth $766,345,000. Dimensional Fund Advisors LP lifted its holdings in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the period. Finally, Fifth Third Bancorp boosted its position in ExxonMobil by 63.3% during the 1st quarter. Fifth Third Bancorp now owns 3,371,424 shares of the oil and gas company's stock valued at $571,996,000 after acquiring an additional 1,307,465 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil reported third-quarter adjusted earnings of $4.23 per share, ahead of consensus, while revenue increased roughly 33% year over year to approximately $110.5 billion-$113.2 billion. Refining-margin gains and continued LNG expansion supported the results. XOM Q3 Earnings Call Highlights Refining Strength and LNG Expansion
• Positive Sentiment: UBS raised its XOM price target to $213 and maintained a Buy rating. Morgan Stanley increased its target to $187 with an Overweight rating, while Wells Fargo lifted its target to $189 but retained Equal Weight. These revisions indicate continued confidence in ExxonMobil’s earnings and shareholder-return outlook. Analysts Boost Forecasts on ExxonMobil
• Positive Sentiment: The company raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase. ExxonMobil also emphasized buybacks, debt reduction and strong free cash flow, reinforcing its appeal to income-focused investors. Exxon Dividend and Free Cash Flow
• Positive Sentiment: ExxonMobil agreed to take a 50% stake in Mozambique LNG, adding a long-term growth opportunity in liquefied natural gas and strengthening its global gas portfolio. ExxonMobil Takes 50% Stake in Mozambique LNG
• Neutral Sentiment: ExxonMobil’s shares were added to Securitize’s tokenized-stock platform on Solana. The move may improve market accessibility, but its near-term effect on ExxonMobil’s fundamentals and valuation is limited. Tokenized Stock Trading on Solana
• Negative Sentiment: Crude prices declined, prompting investors to take profits after XOM reached a record high following the earnings release. The stock’s elevated valuation also leaves less room for disappointment.
• Negative Sentiment: Although total earnings more than doubled year over year, adjusted upstream earnings fell about 20% sequentially. That decline raises concerns that refining strength, rather than broad-based production growth, drove much of the latest beat. ExxonMobil Earnings Vulnerability

ExxonMobil Trading Down 3.9%

NYSE:XOM opened at $179.92 on Tuesday. The stock has a market capitalization of $745.75 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a 52 week low of $112.51 and a 52 week high of $188.50. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $168.06 and a 200 day moving average of $154.62.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the previous year, the company earned $1.88 earnings per share. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 13.58 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's payout ratio is 42.34%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $178.00 price target on shares of ExxonMobil in a report on Tuesday, October 20th. Jefferies Financial Group upped their price objective on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Weiss Ratings raised ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 29th. Morgan Stanley raised their price objective on ExxonMobil from $185.00 to $187.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Freedom Capital upgraded ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $168.70.

ExxonMobil Company 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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