Parthenon LLC Sells 4,250 Shares of ExxonMobil Corporation $XOM

Parthenon LLC cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,390 shares of the oil and gas company’s stock after selling 4,250 shares during the quarter. ExxonMobil accounts for 2.9% of Parthenon LLC’s holdings, making the stock its 9th largest position. Parthenon LLC’s holdings in ExxonMobil were worth $27,243,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GQG Partners LLC boosted its stake in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after buying an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC acquired a new stake in ExxonMobil during the first quarter worth approximately $965,932,000. Arrowstreet Capital Limited Partnership bought a new position in ExxonMobil during the 1st quarter worth $766,345,000. Diamant Asset Management Inc. increased its stake in ExxonMobil by 17,312.4% during the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock worth $370,514,000 after acquiring an additional 2,171,322 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in ExxonMobil by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after acquiring an additional 1,540,902 shares during the period. 61.80% of the stock is owned by institutional investors.

ExxonMobil Trading Up 2.8%

Shares of XOM stock opened at $183.23 on Friday. ExxonMobil Corporation has a fifty-two week low of $112.51 and a fifty-two week high of $183.75. The stock’s fifty day moving average price is $165.80 and its two-hundred day moving average price is $155.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market cap of $759.46 billion, a PE ratio of 23.58, a P/E/G ratio of 0.92 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the firm posted $1.64 EPS. Equities analysts predict that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.2%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on ExxonMobil from $177.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and increased their target price for the stock from $154.00 to $158.00 in a report on Tuesday, July 28th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. BMO Capital Markets boosted their price target on ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Finally, Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $167.70.

ExxonMobil News Summary

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

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.