Artesa Financial Group LLC Acquires 44,742 Shares of ExxonMobil Corporation $XOM

Artesa Financial Group LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,742 shares of the oil and gas company's stock, valued at approximately $7,282,000. ExxonMobil comprises approximately 5.9% of Artesa Financial Group LLC's investment portfolio, making the stock its 6th largest holding.

Other institutional investors have also modified their holdings of the company. CPA Asset Management Group LLC boosted its position in ExxonMobil by 1.8% during the third quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company's stock worth $561,000 after purchasing an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC lifted its holdings in ExxonMobil by 2.2% during the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company's stock valued at $474,000 after purchasing an additional 62 shares in the last quarter. WP Advisors LLC grew its position in shares of ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company's stock valued at $353,000 after purchasing an additional 63 shares during the period. Avant Capital LLC raised its position in shares of ExxonMobil by 0.6% during the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock worth $1,529,000 after purchasing an additional 65 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its position in shares of ExxonMobil by 1.0% during the 1st quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. HSBC reiterated a "hold" rating and issued a $90.00 price objective on shares of ExxonMobil in a report on Friday, September 25th. Jefferies Financial Group lifted their price target on ExxonMobil from $184.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Wall Street Zen upgraded ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Piper Sandler raised their price objective on ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd. Finally, Zacks Research raised shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $168.70.

ExxonMobil Trading Down 3.9%

NYSE XOM opened at $179.92 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $745.75 billion, a P/E ratio of 22.01, a PEG ratio of 0.91 and a beta of 0.21. The firm's 50-day moving average is $168.06 and its two-hundred day moving average is $154.62. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $188.50.

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, beating analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. During the same period in the previous year, the firm earned $1.88 EPS. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 13.58 earnings per share for the current year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a $1.07 dividend. The ex-dividend date is Monday, November 16th. This represents a $4.28 annualized dividend and a dividend yield of 2.4%. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's dividend payout ratio (DPR) is presently 42.34%.

ExxonMobil News Summary

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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.