ExxonMobil Corporation $XOM Stock: Fulcrum Asset Management LLP Decreases Holdings

Key Points

• Fulcrum Asset Management cut its ExxonMobil stake by 37.7% in the third quarter, selling 20,472 shares and ending the period with 33,899 shares valued at about $5.47 million.
• 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 raised its quarterly dividend to $1.07 per share from $1.03. Analysts’ consensus rating was Hold, with an average price target of $170.38.

Fulcrum Asset Management LLP lessened its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 37.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,899 shares of the oil and gas company's stock after selling 20,472 shares during the period. Fulcrum Asset Management LLP's holdings in ExxonMobil were worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. CPA Asset Management Group LLC grew its stake in ExxonMobil by 1.8% during the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company's stock worth $561,000 after buying an additional 60 shares during the last quarter. DecisionMap Wealth Management LLC boosted its holdings in shares of ExxonMobil by 2.2% in 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 acquiring an additional 62 shares during the period. WP Advisors LLC boosted its holdings 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 acquiring an additional 63 shares during the period. Avant Capital LLC boosted its holdings in shares of ExxonMobil by 0.6% in the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock valued at $1,529,000 after acquiring an additional 65 shares during the period. Finally, Core Wealth Advisors Inc. grew its position in shares of ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company's stock worth $1,155,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on XOM. Barclays lifted their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, October 19th. Zacks Research upgraded shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. The Goldman Sachs Group reissued a "neutral" rating and set a $178.00 price objective on shares of ExxonMobil in a research report on Tuesday, October 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, ExxonMobil currently has a consensus rating of "Hold" and an average price target of $170.38.

ExxonMobil Trading Down 0.6%

Shares of XOM stock opened at $164.81 on Tuesday. The business's 50 day moving average is $168.99 and its two-hundred day moving average is $155.57. ExxonMobil Corporation has a twelve month low of $114.19 and a twelve month high of $188.50. The company has a market capitalization of $672.29 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 0.83 and a beta of 0.16. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM - Get Free Report) last released its 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 return on equity of 16.63% and a net margin of 10.24%. The business had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 13.34 EPS 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 given a $1.07 dividend. This is a positive change from ExxonMobil's previous quarterly dividend of $1.03. The ex-dividend date is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. ExxonMobil's payout ratio is 42.34%.

More ExxonMobil News

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM - Free Report).

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.