ExxonMobil Corporation $XOM Stock Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC cut its ExxonMobil position by 57.6% in the third quarter, selling 25,510 shares and retaining 18,750 shares valued at approximately $3.05 million. Institutional investors collectively own 61.8% of XOM.
• ExxonMobil’s third-quarter results exceeded expectations, with adjusted earnings of $4.23 per share and revenue of $110.5 billion. Refining-margin gains and LNG expansion supported the quarter, although upstream earnings declined sequentially.
• The company raised its quarterly dividend 3.9% to $1.07 per share, marking its 44th consecutive annual increase. Shares recently traded down 3.9% amid falling crude prices and valuation concerns, while analysts maintained an overall “Moderate Buy” rating.

International Assets Investment Management LLC trimmed its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 57.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,750 shares of the oil and gas company's stock after selling 25,510 shares during the period. International Assets Investment Management LLC's holdings in ExxonMobil were worth $3,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. CPA Asset Management Group LLC increased its position in shares of ExxonMobil by 1.8% in the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company's stock valued at $561,000 after buying an additional 60 shares in the last quarter. WP Advisors LLC increased 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 worth $353,000 after acquiring an additional 63 shares in the last quarter. Avant Capital LLC raised its position in shares of ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company's stock worth $1,529,000 after purchasing an additional 65 shares during the period. Core Wealth Advisors Inc. raised 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 purchasing an additional 68 shares during the period. Finally, Brown Shipley& Co Ltd lifted its holdings in shares of ExxonMobil by 5.4% during the 1st quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company's stock valued at $227,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Roundup

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

ExxonMobil Trading Down 3.9%

Shares of NYSE:XOM opened at $179.92 on Tuesday. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $188.50. The company has a market capitalization of $745.75 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. The company has a 50-day simple moving average of $168.06 and a 200 day simple moving average of $154.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

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. The business had revenue of $110.50 billion during the quarter, compared to analysts' expectations of $104.89 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter last year, the company posted $1.88 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 13.58 earnings per share for the current year.

ExxonMobil Increases Dividend

The firm also recently announced 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 represents a $4.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a boost from ExxonMobil's previous quarterly dividend of $1.03. ExxonMobil's payout ratio is presently 42.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. TD Cowen increased their target price on ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, September 28th. Freedom Capital upgraded shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. BMO Capital Markets lifted their price target on shares of ExxonMobil from $160.00 to $170.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Wall Street Zen raised ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Finally, DZ Bank cut ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price objective for the company. in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $168.70.

ExxonMobil Company Profile

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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