Blume Capital Management Inc. Sells 120 Shares of Exxon Mobil Co. (NYSE:XOM)

14 Mar 2025, 19:19 by Michael Walen · The Markets Daily

Blume Capital Management Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,158 shares of the oil and gas company’s stock after selling 120 shares during the period. Blume Capital Management Inc.’s holdings in Exxon Mobil were worth $2,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock worth $3,427,237,000 after acquiring an additional 700,415 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $108.58 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $471.14 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a 50 day moving average price of $109.26 and a 200-day moving average price of $113.73. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XOM shares. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Check Out Our Latest Stock Report on XOM

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