BOCHK Asset Management Ltd Sells 26,200 Shares of ExxonMobil Corporation $XOM

BOCHK Asset Management Ltd reduced its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 49.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,800 shares of the oil and gas company's stock after selling 26,200 shares during the quarter. BOCHK Asset Management Ltd's holdings in ExxonMobil were worth $4,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. NBT Bank N.A. bought a new stake in ExxonMobil in the third quarter worth about $26,000. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil during the 2nd quarter valued at approximately $27,000. Atlantic Private Wealth LLC grew its position in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 202 shares during the period. Financial Connections Group Inc. purchased a new stake in shares of ExxonMobil during the 1st quarter worth approximately $53,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company's stock worth $55,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Key ExxonMobil News

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

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Wall Street Zen raised shares of ExxonMobil from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. The Goldman Sachs Group reissued a "neutral" rating and set a $178.00 price objective on shares of ExxonMobil in a report on Tuesday, October 20th. Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. UBS Group boosted their target price on ExxonMobil from $199.00 to $213.00 and gave the company a "buy" rating in a research note on Monday. Finally, BMO Capital Markets upped their price target on ExxonMobil from $160.00 to $170.00 and gave the company a "market perform" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.70.

ExxonMobil Stock Performance

Shares of XOM stock opened at $179.92 on Tuesday. The firm's 50 day moving average is $168.06 and its 200 day moving average is $154.62. The stock has a market capitalization of $745.75 billion, a P/E ratio of 18.49, a PEG ratio of 0.91 and a beta of 0.21. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $188.50. 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 (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. During the same period last year, the company earned $1.88 earnings per share. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 13.58 earnings per share for the current year.

ExxonMobil Increases Dividend

The business 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 dividend of $1.07 per share. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.4%. ExxonMobil's payout ratio is currently 42.34%.

About ExxonMobil

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.