FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $5.30 Million Holdings in Exxon Mobil Corporation $XOM

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 18.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,025 shares of the oil and gas company’s stock after selling 10,786 shares during the period. Exxon Mobil comprises 1.1% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 23rd largest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Exxon Mobil were worth $5,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of XOM. Keating Investment Counselors Inc. grew its holdings in shares of Exxon Mobil by 1.9% during the third quarter. Keating Investment Counselors Inc. now owns 19,209 shares of the oil and gas company’s stock worth $2,166,000 after buying an additional 365 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in Exxon Mobil by 2.4% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 55,951 shares of the oil and gas company’s stock valued at $6,309,000 after acquiring an additional 1,307 shares in the last quarter. WealthPLAN Partners LLC boosted its position in Exxon Mobil by 30.7% during the 3rd quarter. WealthPLAN Partners LLC now owns 11,733 shares of the oil and gas company’s stock worth $1,323,000 after acquiring an additional 2,756 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in shares of Exxon Mobil by 2.3% during the 3rd quarter. WealthPlan Investment Management LLC now owns 34,782 shares of the oil and gas company’s stock worth $3,922,000 after acquiring an additional 786 shares in the last quarter. Finally, Plan Group Financial LLC grew its stake in shares of Exxon Mobil by 7.0% during the 3rd quarter. Plan Group Financial LLC now owns 47,196 shares of the oil and gas company’s stock worth $5,321,000 after acquiring an additional 3,095 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

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

Exxon Mobil News Summary

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

• Positive Sentiment: Exxon awarded a contract to Shearwater Geoservices to acquire 3D deepwater seismic over a large block offshore Trinidad & Tobago — a sign of continued investment in exploration that supports future production growth. Exxon awards contract to acquire deepwater seismic offshore Trinidad and Tobago
• Positive Sentiment: Analysts/commentary argue Exxon remains a “solid hold” given low leverage and premium assets — factors that reduce downside risk if oil stays weak. Exxon Mobil: A Solid Hold Even If Venezuela Is ‘Uninvestable’
• Positive Sentiment: Noted investor coverage: CNBC commentator Joshua Brown named XOM on a televised “final trades” list — a small but positive retail/influencer signal. Delta Air, Exxon Mobil, TKO Group And A Financial Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Commentary highlights that ongoing assessment of Venezuelan assets and upcoming earnings keep investor focus on geopolitical and operational optionality — a watch item rather than an immediate catalyst. Exxon Mobil Corp. Holds Ground As Venezuela Assessment And Earnings Activity Drive Focus
• Neutral Sentiment: Political commentary claiming large Venezuelan oil flows to the U.S. is circulating — this could influence crude sentiment broadly but is speculative and not a company-specific operational development. Trump Says He’s Going To Make Venezuela ‘Strong’ Again…
• Negative Sentiment: Exxon warned of lower Q4 earnings tied to the drop in crude prices — a direct earnings headwind that helps explain selling pressure. Exxon Mobil (XOM) Forecasts Lower Q4 Earnings Due to Decline in Crude Prices
• Negative Sentiment: Shell and Exxon halted the planned sale of U.K. North Sea gas assets to Viaro Energy after regulatory/market issues — the cancellation removes an expected divestment and potential near-term cash/income clarity. Shell and Exxon halt UK gas asset sale to Viaro Energy
• Neutral Sentiment: Macro note: analysis flags WTI around ~$60 as likely to remain soft — negative for upstream margins but partially offset by Exxon’s low leverage and integrated refining/chemical margins. Crude Oil Price Will Likely Remain Soft: Will ExxonMobil Suffer?

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $129.02 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $544.10 billion, a P/E ratio of 18.75, a P/E/G ratio of 8.07 and a beta of 0.37. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $131.72. The stock has a 50 day moving average of $119.12 and a 200-day moving average of $114.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $83.33 billion for the quarter, compared to analysts’ expectations of $83.09 billion. During the same quarter in the prior year, the business earned $1.92 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Mizuho raised their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Barclays reduced their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Finally, Sanford C. Bernstein lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $130.25.

Exxon Mobil 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.