Exxon Mobil Corporation $XOM Holdings Lowered by Martingale Asset Management L P

Key Points

• Martingale Asset Management L.P. reduced its stake in Exxon Mobil (XOM) by 5.8% in Q3, selling 21,614 shares and leaving it with 349,038 shares worth about $39.35 million, representing 1.0% of the firm’s portfolio and its 10th-largest holding.
• Insiders have been selling recently (VP Darrin L. Talley sold 5,000 shares at $139.75) and corporate insiders now own just 0.03% of XOM, while institutional investors/hedge funds hold 61.80% of the stock.
• Analyst and macro catalysts support upside: Piper Sandler raised its XOM price target to $186 and Exxon conveyed a target of roughly 13% CAGR in earnings through 2030, while the company pays a quarterly dividend of $1.03 (≈2.7% yield).

Martingale Asset Management L P reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,038 shares of the oil and gas company's stock after selling 21,614 shares during the period. Exxon Mobil comprises 1.0% of Martingale Asset Management L P's investment portfolio, making the stock its 10th biggest position. Martingale Asset Management L P's holdings in Exxon Mobil were worth $39,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acorns Advisers LLC grew its holdings in Exxon Mobil by 13.3% in the third quarter. Acorns Advisers LLC now owns 10,125 shares of the oil and gas company's stock valued at $1,142,000 after purchasing an additional 1,190 shares during the last quarter. Keystone Financial Services raised its stake in shares of Exxon Mobil by 6.8% during the 3rd quarter. Keystone Financial Services now owns 6,513 shares of the oil and gas company's stock worth $734,000 after buying an additional 414 shares during the last quarter. Seven Mile Advisory boosted its position in shares of Exxon Mobil by 89.7% in the 3rd quarter. Seven Mile Advisory now owns 9,516 shares of the oil and gas company's stock worth $1,073,000 after buying an additional 4,499 shares in the last quarter. Employees Retirement System of Texas grew its stake in Exxon Mobil by 6.7% in the 3rd quarter. Employees Retirement System of Texas now owns 1,197,908 shares of the oil and gas company's stock valued at $135,064,000 after acquiring an additional 74,695 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Exxon Mobil by 3.9% during the 3rd quarter. Sei Investments Co. now owns 1,352,963 shares of the oil and gas company's stock valued at $152,548,000 after acquiring an additional 50,638 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the firm's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the sale, the vice president directly owned 23,584 shares of the company's stock, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 16,380 shares of company stock worth $2,227,734 in the last quarter. Corporate insiders own 0.03% of the company's stock.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Geopolitical supply shock: Oil & gas producers (including Exxon) hit record market values as the Iran war and Strait of Hormuz tensions force traders to reprice supply risk, supporting integrated majors’ earnings and refining margins. Article Title
• Positive Sentiment: Iran leadership rhetoric: Iran’s new supreme leader said the Strait of Hormuz should remain a pressure tool — comments that raise near‑term supply risk and underpin higher oil prices. Article Title
• Positive Sentiment: Analyst upgrade: Piper Sandler raised its XOM price target to $186 and reiterated an overweight rating — a catalyst for buying and a formal upside signal to investors. Article Title
• Positive Sentiment: Macro price support: The EIA projects higher 2026 oil averages and WTI topping $90 — a backdrop that supports Exxon’s Permian and Guyana production growth and margin outlook. Article Title
• Positive Sentiment: Market tone from peers: Saudi Aramco’s CEO warned the Iran war could have “catastrophic” market consequences, which reinforces risk‑premium in prices and benefits large integrated producers like Exxon. Article Title
• Positive Sentiment: Company outlook: Exxon presented a target of ~13% CAGR in earnings through 2030 at an investor conference — a direct bullish signal for medium‑term earnings and shareholder return expectations. Article Title
• Neutral Sentiment: Commercial execution: Reuters/Yahoo report Exxon prepared a ~300k‑barrel gasoline shipment from the U.S. Gulf Coast to Australia — a sign of global marketing flexibility but limited near‑term earnings impact. Article Title
• Neutral Sentiment: Investor activity: Surge in options flow and commentary about valuation/dividend popularity suggest increased short‑term trading and interest, which can amplify moves but is not a fundamentals shift. Article Title
• Negative Sentiment: Policy risk: President Trump said he would tap the Strategic Petroleum Reserve to lower energy costs — a move that could dampen crude prices and counter some upside for Exxon if implemented at scale. Article Title

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Piper Sandler upped their price target on shares of Exxon Mobil from $145.00 to $186.00 and gave the company an "overweight" rating in a report on Thursday. BNP Paribas Exane cut shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $125.00 price objective for the company. in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research note on Monday, December 29th. Morgan Stanley lowered their target price on Exxon Mobil from $137.00 to $134.00 and set an "overweight" rating on the stock in a report on Friday, January 23rd. Finally, Wells Fargo & Company cut their price target on Exxon Mobil from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Hold" and a consensus target price of $146.00.

Exxon Mobil Stock Performance

Shares of XOM opened at $153.53 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $159.60. The company's 50 day simple moving average is $141.31 and its 200 day simple moving average is $124.28. The company has a market capitalization of $639.72 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.24 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion during the quarter, compared to analysts' expectations of $77.98 billion. During the same period in the previous year, the company earned $1.67 EPS. Exxon Mobil's revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, February 12th. Exxon Mobil's dividend payout ratio is presently 61.58%.

Exxon Mobil Profile

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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