First Eagle Investment Management Reduces $226M in Exxon Mobil Corporation ($XOM)
Key Points
- First Eagle Investment Management changed its Exxon Mobil Corporation ($XOM) stake by 19.6% last quarter, cutting to 6,237,614 shares worth $928.62 million.
- Wall Street's consensus rating on $XOM is Buy and an average price target of $169.91.
- $XOM last traded around $148.88.
First Eagle Investment Management reduced its position in Exxon Mobil Corporation ($XOM) by 19.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,237,614 shares of Exxon Mobil Corporation after selling 1,516,212 shares during the quarter. First Eagle Investment Management's holdings in Exxon Mobil Corporation were worth $928.62 million as of its most recent filing.
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About Exxon Mobil Corporation
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States, Canada, and internationally. The company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products segment offers fuels, aromatics, and catalysts, as well as licensing services. Its Chemical Products segment manufactures and sells olefins, polyolefins, and intermediates. The Specialty Products segment offers finished lubricants, basestocks, waxes, synthetics, elastomers, and resins. It is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and pursuit of lower-emission and business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data center, and lithium. In addition, the company offers aviation fuel. It sells its products under the Exxon, Esso, and Mobil brands. Exxon Mobil Corporation was founded in 1870 and is headquartered in Spring, Texas.
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