ExxonMobil Corporation $XOM Stock Sold by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. cut its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,334,355 shares of the oil and gas company's stock after selling 12,000 shares during the period. ExxonMobil accounts for 24.1% of Adams Natural Resources Fund Inc.'s holdings, making the stock its largest position. Adams Natural Resources Fund Inc.'s holdings in ExxonMobil were worth $217,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Aventus Investment Advisors Inc. acquired a new position in ExxonMobil in the 2nd quarter valued at approximately $27,000. Portus Wealth Advisors LLC bought a new stake in shares of ExxonMobil in the 1st quarter worth approximately $36,000. Atlantic Private Wealth LLC raised its stake 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 purchasing an additional 202 shares during the period. Financial Connections Group Inc. purchased a new position in shares of ExxonMobil during the 1st quarter valued at $53,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position 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 valued at $55,000 after buying an additional 113 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. DZ Bank cut shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. Weiss Ratings raised ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 29th. Wells Fargo & Company restated an "equal weight" rating and issued a $182.00 price objective on shares of ExxonMobil in a research note on Thursday, October 1st. Morgan Stanley lifted their target price on ExxonMobil from $177.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Finally, Freedom Capital raised ExxonMobil from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat, ExxonMobil presently has a consensus rating of "Moderate Buy" and an average price target of $167.70.

ExxonMobil Stock Up 2.8%

Shares of NYSE:XOM opened at $183.23 on Friday. The business's 50 day moving average is $165.80 and its 200 day moving average is $155.09. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The stock has a market cap of $759.46 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 0.89 and a beta of 0.21. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $183.75.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter last year, the firm earned $1.64 EPS. Sell-side analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a $1.03 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. ExxonMobil's payout ratio is 53.02%.

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.

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