ExxonMobil Corporation $XOM Stock: Allspring Global Investments Holdings LLC Decreases Position

Key Points

• Allspring Global Investments cut its ExxonMobil stake by 1.3%, selling 9,904 shares; it still held 756,941 shares valued at about $124 million. Other institutional investors made mixed moves, and institutions collectively own 61.8% of the stock.
• ExxonMobil beat quarterly estimates, reporting EPS of $4.23 versus $4.12 expected and revenue of $110.5 billion versus $104.89 billion expected. The company also raised its quarterly dividend from $1.03 to $1.07 per share.
• Analysts’ consensus rating is Hold, with an average price target of $170.38; the stock opened at $164.81 in the cited market data.

Allspring Global Investments Holdings LLC lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 756,941 shares of the oil and gas company's stock after selling 9,904 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in ExxonMobil were worth $124,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Boston Trust Walden Corp purchased a new position in shares of ExxonMobil during the 3rd quarter worth about $76,285,000. Assetmark Inc. lifted its holdings in ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company's stock valued at $83,525,000 after buying an additional 37,666 shares in the last quarter. Charles Schwab Trust Co boosted its position in ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company's stock valued at $16,710,000 after buying an additional 97,424 shares during the period. CV Advisors LLC boosted its position in ExxonMobil by 126.7% in the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company's stock valued at $1,584,000 after buying an additional 6,478 shares during the period. Finally, Partners Wealth Management LLC purchased a new stake in shares of ExxonMobil in the third quarter valued at approximately $3,317,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

ExxonMobil Stock Down 0.6%

ExxonMobil stock opened at $164.81 on Tuesday. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The business has a fifty day moving average price of $168.99 and a 200-day moving average price of $155.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The stock has a market capitalization of $672.29 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.83 and a beta of 0.16.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period in the prior year, the company posted $1.88 EPS. Equities research analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be issued a $1.07 dividend. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. ExxonMobil's dividend payout ratio is 42.34%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Piper Sandler raised their price target on ExxonMobil from $158.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Jefferies Financial Group raised their price target on ExxonMobil from $184.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, August 17th. BNP Paribas Exane lowered their price target on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating for the company in a research report on Friday, July 17th. Finally, Freedom Broker upped their target price on ExxonMobil from $142.00 to $162.00 and gave the stock a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $170.38.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signed a preliminary agreement with Venezuela to evaluate oil opportunities, creating a possible avenue for future growth. The agreement is preliminary, so any commercial impact remains uncertain. Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities
• Positive Sentiment: An investor on CNBC’s “Final Trades” selected ExxonMobil, offering a modest positive endorsement, though such picks are not a major fundamental catalyst. CNBC Final Trades
• Neutral Sentiment: A bullish investment thesis argues Exxon is better positioned than the energy-sector ETF XLE after the U.S. election; the headline provides no specific new company catalyst. ExxonMobil Is Better Positioned Than XLE Post-Election
• Neutral Sentiment: Coverage says Exxon’s 2026 gains have been supported by oil above $100 and strong refining margins. Those conditions bolster results, but the stock’s substantial run-up may leave it sensitive to changes in commodity prices. ExxonMobil Is Up 38% in 2026 and Chevron Is Up 39%
• Neutral Sentiment: An analyst raised Exxon’s price target to $162. The change is a positive revision, but the target offers limited upside relative to the $164.81 price in the supplied market data. ExxonMobil Price Target Raised to $162.00
• Negative Sentiment: Exxon paused work on its planned Texas hydrogen facility amid slow progress on hydrogen hubs, uncertain federal funding, and weak customer demand. The delay raises questions about the pace of its lower-carbon business plans. ExxonMobil Pauses Work On Its Texas Hydrogen Facility
• Negative Sentiment: Commentary cautions that oil prices are volatile and could fall, putting pressure on energy stocks trading near record highs. A pullback could weaken the commodity-driven support for Exxon’s shares. Exxon and Chevron Are Near Record Highs

About ExxonMobil

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company's products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.

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