66,288 ExxonMobil Corporation $XOM Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its ExxonMobil stake by 51.1% in the third quarter, selling 66,288 shares and retaining 63,359 shares valued at approximately $10.3 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil shares opened at $177.94, near their 52-week high of $180.31, with the stock up strongly relative to its 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $167.70.
• The company reported quarterly EPS of $3.52, slightly below expectations, but revenue of $114.53 billion exceeded estimates. ExxonMobil also maintains a quarterly dividend of $1.03 per share, equivalent to a 2.3% annualized yield.

Axxcess Wealth Management LLC reduced its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 51.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,359 shares of the oil and gas company's stock after selling 66,288 shares during the period. Axxcess Wealth Management LLC's holdings in ExxonMobil were worth $10,312,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in ExxonMobil by 5.7% during the 1st 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 acquiring an additional 1,540,902 shares during the period. Amundi raised its position in shares of ExxonMobil by 5.1% during the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares during the last quarter. GQG Partners LLC lifted its stake in shares of ExxonMobil by 153.3% in the 2nd 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 purchasing an additional 10,214,420 shares during the period. Swiss National Bank lifted its stake in shares of ExxonMobil by 5.9% in the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock valued at $2,099,783,000 after purchasing an additional 693,800 shares during the period. Finally, National Pension Service lifted its stake in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock valued at $1,321,265,000 after purchasing an additional 166,268 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $177.94 on Friday. The company has a fifty day moving average price of $165.33 and a 200 day moving average price of $154.89. The firm has a market cap of $737.56 billion, a PE ratio of 22.90, a PEG ratio of 0.89 and a beta of 0.21. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 1-year low of $112.51 and a 1-year high of $180.31.

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

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. ExxonMobil's dividend payout ratio is 53.02%.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. BNP Paribas Exane reduced their target price on ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a report on Friday, July 17th. Mizuho decreased their target price on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price on ExxonMobil from $158.00 to $166.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. One investment 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $167.70.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings. ExxonMobil shares have gained about 12% over the past month and 45% this year as Middle East attacks pushed Brent crude above $100 per barrel. Higher oil prices can improve upstream revenue and cash flow. ExxonMobil Just Gained 12% in a Month and Chevron 11%: Take Profits, or Buy More?
• Positive Sentiment: Analyst sentiment has improved. Zacks upgraded XOM from “hold” to “strong buy,” while Barclays raised its price target. The upgrades reflect ExxonMobil’s strong performance, balance sheet and outlook. Zacks Research Stock Recommendations ExxonMobil Stock Gets Price Target Bump from Barclays
• Positive Sentiment: Long-term production prospects remain favorable. Low-cost Permian Basin and Guyana assets are expected to support upstream production growth through 2030, while disciplined investment could strengthen returns as oil prices remain elevated. Can ExxonMobil Strengthen Its Long-Term Upstream Production Capacity?
• Neutral Sentiment: Momentum is attracting investor attention. Analysts describe XOM as a strong momentum stock and note that it has outperformed BP, although BP’s lower valuation may appeal to value-focused investors. XOM vs. BP: Which Integrated Energy Giant Has the Edge?
• Negative Sentiment: Illinois refinery disruption is a near-term concern. The outage has contributed to a surge in Midwest gasoline prices and could pressure ExxonMobil’s refining volumes or raise repair costs, despite potentially supporting regional fuel margins. Midwest Pump Prices Surge After Disruption at Exxon’s Illinois Refinery

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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