Tred Avon Family Wealth LLC Purchases Shares of 24,579 Exxon Mobil Corporation $XOM

Tred Avon Family Wealth LLC bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,579 shares of the oil and gas company’s stock, valued at approximately $2,771,000. Exxon Mobil accounts for about 1.0% of Tred Avon Family Wealth LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also modified their holdings of XOM. FAS Wealth Partners Inc. raised its stake in shares of Exxon Mobil by 1.7% during the 3rd quarter. FAS Wealth Partners Inc. now owns 61,685 shares of the oil and gas company’s stock worth $6,955,000 after buying an additional 1,045 shares during the period. Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Exxon Mobil by 11.8% in the third quarter. Nippon Life Global Investors Americas Inc. now owns 6,750 shares of the oil and gas company’s stock valued at $761,000 after acquiring an additional 710 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of Exxon Mobil by 53.4% during the third quarter. Beacon Financial Advisory LLC now owns 23,677 shares of the oil and gas company’s stock worth $2,670,000 after acquiring an additional 8,242 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of Exxon Mobil by 2.6% during the 3rd quarter. Resonant Capital Advisors LLC now owns 55,632 shares of the oil and gas company’s stock worth $6,273,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Exxon Mobil by 4.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,486 shares of the oil and gas company’s stock worth $2,195,000 after purchasing an additional 748 shares in 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 issued reports on XOM. Wells Fargo & Company lifted their target price on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Citigroup boosted their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Finally, Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $130.25.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $129.78 on Tuesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $131.72. The company’s 50 day moving average price is $119.60 and its two-hundred day moving average price is $114.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The firm has a market capitalization of $547.30 billion, a P/E ratio of 18.86, a P/E/G ratio of 8.05 and a beta of 0.37.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. The company had revenue of $83.33 billion for the quarter, compared to the consensus estimate of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Exxon Mobil’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil News Roundup

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

• Positive Sentiment: Company continues to prioritize returns to shareholders — coverage notes rising dividends and active buybacks backed by low-cost assets and low debt, supporting investor confidence in cash returns through oil cycles. How ExxonMobil Keeps Rewarding Shareholders Across Various Oil Cycles
• Positive Sentiment: Exxon hired Shearwater Geoservices for a large 3D seismic survey offshore Trinidad & Tobago — a move that supports future deepwater exploration and potential reserve upside, which is positive for medium/long-term production growth. ExxonMobil Taps Shearwater Geoservices for a Large Seismic Survey
• Positive Sentiment: High-profile bullish commentary — Jim Cramer named Exxon a market “real leader,” which can lift retail/investor sentiment and trading interest. Jim Cramer Calls Exxon Mobil One of the “Real Leaders in This Market” Jim Cramer Calls Exxon Mobil One of the “Real Leaders in This Market” (InsiderMonkey)
• Neutral Sentiment: Exxon expanding the Comarch loyalty platform across key European markets — may modestly boost downstream retail engagement and margins over time but is unlikely to move near-term fundamentals. How Investors May Respond To Exxon Mobil (XOM) Expanding Comarch Loyalty Platform Across Key European Markets
• Neutral Sentiment: Geopolitical-driven oil volatility — recent coverage on Venezuelan developments shows crude spiking then falling; such swings increase short-term earnings uncertainty but are a market-wide factor rather than company-specific. Venezuela’s Short v. Long-Term Oil Impacts & How XOM, CVX Play a Role
• Negative Sentiment: Analyst pressure — Scotiabank and Wolfe Research cut price targets for XOM, which can weigh on sentiment and cap near-term upside despite operational positives. Scotiabank and Wolfe Research cut Exxon Mobil (XOM) price targets

About Exxon Mobil

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.