CTC Alternative Strategies Ltd. lessened its position in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 62.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,400 shares of the oil and gas company’s stock after selling 7,280 shares during the period. CTC Alternative Strategies Ltd.’s holdings in Exxon Mobil were worth $496,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth about $30,000. Clayton Financial Group LLC purchased a new position in Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC raised its holdings in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the period. Bare Financial Services Inc lifted its position in Exxon Mobil by 121.8% during 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 in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 11,460 shares of company stock valued at $1,687,854 over the last three months. 0.03% of the stock is owned by insiders.
Exxon Mobil Stock Up 0.4%
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company 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. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.
Analysts Set New Price Targets
Several research firms have recently issued reports on XOM. 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. Barclays lifted their target price on shares of Exxon Mobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company lowered their price target on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Citigroup raised their price objective on Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Finally, Bank of America boosted their price objective on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $148.35.
Read Our Latest Stock Analysis on XOM
More Exxon Mobil News
Here are the key news stories impacting Exxon Mobil this week:
- Positive Sentiment: Shift in investor narrative — coverage argues XOM’s outlook is improving as analysts and investors bake in higher oil-price assumptions and re-rate Exxon’s valuation, supporting momentum in the shares. Read More.
- Positive Sentiment: Analyst upgrades and higher targets — several firms (including Barclays and Mizuho) have raised price targets, which boosts buy-side conviction and helps push XOM toward 52-week highs. Read More.
- Positive Sentiment: Project acceleration in Guyana — Exxon says a new floating production facility is nearly complete and will speed project startups, implying earlier cash flow from high-margin barrels. Read More.
- Positive Sentiment: Balance-sheet strength highlighted — analysts note Exxon’s low leverage and healthy cash generation make it resilient to commodity swings and able to capitalize on higher prices. Read More.
- Neutral Sentiment: Sector tailwind — energy stocks broadly are rising today, so part of XOM’s move is market-driven rather than purely company-specific. Read More.
- Neutral Sentiment: Exploration step in Greece — a JV including ExxonMobil is moving to next-phase exploration off Greece; potential upside is long‑dated and high risk, so it’s a watch item rather than immediate upside. Read More.
- Negative Sentiment: Insider sale disclosed — a vice president sold ~1,080 shares; while small, insider selling can create short-term sentiment noise for some investors. Read More.
- Negative Sentiment: Regional security risk — a nearby refinery (SAMREF) tied to regional partners was reportedly targeted in an aerial attack (minimal impact reported), underscoring geopolitical tail‑risks that can push oil volatility and create episodic market swings. Read More.
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.
Further Reading
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