Fayez Sarofim & Co Sells 97,163 Shares of Exxon Mobil Corporation $XOM

Key Points

• Fayez Sarofim & Co trimmed its Exxon position by 1.0%, selling 97,163 shares in Q3 and now holds 9,249,009 shares (about $1.043 billion), roughly 0.22% of XOM and its 12th-largest holding.
• Geopolitical shocks (Iran) and firmer oil-price forecasts have driven an energy rally and analyst upgrades—most notably Piper Sandler lifting its XOM target to $186—while the MarketBeat consensus rating remains a "Hold" with an average target of $146.
• Insider and company updates: VP Darrin L. Talley sold 5,000 shares at about $139.75, Exxon reported Q EPS of $1.71 (beating estimates), and it pays a quarterly dividend of $1.03 (≈2.6% yield).

Fayez Sarofim & Co trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,249,009 shares of the oil and gas company's stock after selling 97,163 shares during the quarter. Exxon Mobil makes up 2.4% of Fayez Sarofim & Co's holdings, making the stock its 12th largest position. Fayez Sarofim & Co owned about 0.22% of Exxon Mobil worth $1,042,826,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XOM. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $30,000. Bare Financial Services Inc lifted its position in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company's stock valued at $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC boosted its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company's stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in shares of Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 181 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 13,380 shares of company stock valued at $1,871,484 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil News Roundup

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

• Positive Sentiment: Geopolitical shock: oil prices have jumped on the Iran conflict, lifting market expectations for higher revenue and margins at integrated oil majors like Exxon. Oil Price Back to the Glory Days: Will XOM, EOG & COP Gain?
• Positive Sentiment: Energy-sector rally: coverage notes Exxon and peers rising this week as investors price in a protracted supply disruption, which benefits upstream and refining margins. Why Exxon and Energy Stocks Finally Started to Rise This Week as the Iran War Escalated
• Positive Sentiment: Analyst upgrade/target lift: Piper Sandler raised XOM’s price target to $186 and moved to overweight — a notable bullish signal from a major shop that can attract fund buying. Piper Sandler raises XOM price target
• Positive Sentiment: Macro support: the EIA and other outlets project higher 2026 oil averages and WTI/Brent levels above recent ranges, underpinning earnings upside from Exxon’s Permian and Guyana production. EIA Projects Higher Oil Price in 2026: What Lies Ahead for ExxonMobil?
• Positive Sentiment: Company fundamentals/strategy: Exxon reiterated multi-year growth targets (13% EPS CAGR to 2030 at investor events) and is expanding carbon capture capacity (new Louisiana project, ~3.2 MTA across sites), which supports both near-term cash flow and longer-term positioning. Here's How XOM is Actively Involved in Improving Air Quality Via CCS
• Neutral Sentiment: S&P attention/outlook shift: coverage highlights Exxon drawing attention in index/rebalancing conversations after an outlook shift — can boost flows but impact is timing-dependent. Exxon Mobil Draws S&P 500 Attention After Outlook Shift
• Negative Sentiment: Policy offset risk: President Trump signaled tapping the Strategic Petroleum Reserve to lower fuel costs — a move that could blunt crude’s rally and reduce upside for Exxon if implemented at scale. Iran war: Trump says he'll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Market volatility/consumer pushback: broader equity market drops and commentary that high oil prices won’t immediately trigger more drilling inject uncertainty into capital allocation and cyclical demand trends. Markets are reeling from high oil prices. But that doesn't mean more drilling.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOM shares. Barclays increased their price target on Exxon Mobil from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Tuesday, February 3rd. Bank of America lifted their price objective on shares of Exxon Mobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a research report on Monday, March 2nd. BMO Capital Markets reissued a "market perform" rating and issued a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Exxon Mobil from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an "overweight" rating for the company in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $146.00.

Exxon Mobil Stock Performance

NYSE:XOM opened at $156.29 on Monday. The stock has a 50 day simple moving average of $141.99 and a 200 day simple moving average of $124.76. The stock has a market cap of $651.20 billion, a P/E ratio of 23.36, a PEG ratio of 1.22 and a beta of 0.35. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $159.60. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a $1.03 dividend. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil's dividend payout ratio is 61.58%.

Exxon Mobil Company 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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