Palmer Knight Co Purchases New Shares in ExxonMobil Corporation $XOM

Palmer Knight Co purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,009 shares of the oil and gas company’s stock, valued at approximately $6,499,000. ExxonMobil accounts for about 3.4% of Palmer Knight Co’s holdings, making the stock its 21st largest position.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Northern Trust Corp grew its stake in ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Franklin Resources Inc. raised its position in shares of ExxonMobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of ExxonMobil by 0.4% during the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock valued at $3,790,773,000 after buying an additional 127,466 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of ExxonMobil by 1.1% during the 3rd quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company’s stock valued at $3,517,179,000 after buying an additional 340,785 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of ExxonMobil by 4.5% during the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock worth $2,299,687,000 after buying an additional 886,087 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. HSBC lifted their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Piper Sandler decreased their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. Finally, Wells Fargo & Company increased their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $161.70.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the transaction, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 6,460 shares of company stock worth $989,104 in the last quarter. 0.03% of the stock is owned by corporate insiders.

ExxonMobil Stock Performance

Shares of XOM opened at $148.77 on Thursday. The stock has a market capitalization of $616.66 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. The business’s fifty day moving average price is $155.10 and its 200 day moving average price is $135.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Equities research analysts forecast that ExxonMobil Corporation will post 11.19 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 results, continued large buybacks and a reaffirmed dividend support cash returns and shareholder yield, providing a fundamental cushion for the stock. Exxon’s Earnings Beat, Buybacks, and Governance Fight Might Change The Case For Investing In Exxon Mobil (XOM)
• Positive Sentiment: Meeting with President Trump and Chevron about Venezuela could signal potential policy or commercial opportunities to access Venezuelan oil reserves — a medium-term upside if it leads to sanctioned-asset access or U.S.-friendly arrangements. Trump met with Chevron and ExxonMobil on Tuesday to discuss Venezuela
• Positive Sentiment: Exxon’s use of AI to analyze Guyana seismic data faster could accelerate development timelines and lower exploration costs, supporting future production and margins. Exxon using AI for faster analysis of Guyana’s oil fields, VP of exploration says
• Neutral Sentiment: Analyst coverage and price-target updates (e.g., RBC reiteration with a $180 target) keep upside narratives alive but don’t immediately change fundamentals. Benzinga
• Neutral Sentiment: Several bullish price-target pieces suggest milestones up to ~$197, reflecting bullish valuation cases if oil stays strong; these are market views rather than new company actions. Exxon Mobil’s Next Big Milestone Could Be $197
• Negative Sentiment: Shares are down amid broader sector weakness as markets price in an end to the Iran-related conflict — lower geopolitical risk reduces oil-price risk premia and compresses near-term revenue expectations for majors. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Corporate-governance friction (redomicile to Texas and retail-voting design) and growing shareholder activism add governance uncertainty that can weigh on sentiment despite strong cash returns. Exxon’s Earnings Beat, Buybacks, and Governance Fight Might Change The Case For Investing In Exxon Mobil (XOM)

ExxonMobil Profile

ExxonMobil 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.