Perpetual Ltd Sells 8,828 Shares of Exxon Mobil Corporation $XOM

Perpetual Ltd trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,407 shares of the oil and gas company’s stock after selling 8,828 shares during the quarter. Perpetual Ltd’s holdings in Exxon Mobil were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Exxon Mobil in the second quarter valued at approximately $6,163,719,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $607,621,000. First Trust Advisors LP boosted its stake in Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after acquiring an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its stake in Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after acquiring an additional 4,015,099 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Cowen restated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Stock Up 0.0%

Shares of NYSE:XOM opened at $116.56 on Monday. The business’s 50 day moving average is $115.93 and its 200 day moving average is $112.77. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The stock has a market cap of $491.57 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 7.36 and a beta of 0.38. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. 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 3.5%. Exxon Mobil’s payout ratio is 59.88%.

Exxon Mobil News Roundup

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

• Positive Sentiment: Company actions that support returns — XOM has a long streak of dividend increases (43 years) and plans roughly $20B of buybacks in 2025, underpinning shareholder yield and capital return even if commodity prices soften. How ExxonMobil Survives Oil Price Cycles and Rewards Shareholders
• Positive Sentiment: Wall Street backing — several analysts recently raised targets or reaffirmed buy/overweight ratings (Wells Fargo, Piper Sandler, Cowen), which supports sentiment and could limit downside. MarketBeat: Exxon Mobil updates and analyst notes
• Neutral Sentiment: Commercial arrangements — DNO ASA announced North Sea offtake agreements that involve Exxon subsidiaries; this is incremental commercial activity but not a major earnings driver for XOM. DNO ASA secures offtake agreements with Exxon Mobil and Shell
• Neutral Sentiment: Valuation/momentum watch — commentary notes that recent momentum has cooled after strong one-year gains; valuation debate may keep trading range-bound absent a change in oil or macro signals. Exxon Mobil: Assessing Valuation as Recent Momentum Cools
• Negative Sentiment: Commodity headwinds — Zacks highlights WTI near ~$56 and notes pressure on upstream earnings; while Exxon’s low leverage and Permian/Guyana assets provide resilience, weaker oil prices remain a near-term earnings risk. The Zacks Analyst Blog: Exxon Mobil, Chevron and EOG Resources
• Negative Sentiment: Insider sale & market reaction — VP Darrin Talley sold 3,000 shares (avg $117.19); media coverage tied the sale to a short-term share drop, which can unsettle sentiment even if corporate fundamentals remain intact. Insider Selling: Exxon Mobil VP Sells 3,000 Shares

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

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.