ExxonMobil Corporation $XOM Position Increased by Smith Salley Wealth Management

Smith Salley Wealth Management increased its stake in ExxonMobil Corporation (NYSE:XOM) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,719 shares of the oil and gas company’s stock after purchasing an additional 6,543 shares during the period. Smith Salley Wealth Management’s holdings in ExxonMobil were worth $9,834,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Arcataur Capital Management LLC lifted its holdings in shares of ExxonMobil by 6.0% in the 4th quarter. Arcataur Capital Management LLC now owns 5,091 shares of the oil and gas company’s stock worth $613,000 after purchasing an additional 290 shares during the last quarter. Prasad Wealth Partners LLC lifted its holdings in shares of ExxonMobil by 66.5% in the 4th quarter. Prasad Wealth Partners LLC now owns 4,410 shares of the oil and gas company’s stock worth $531,000 after purchasing an additional 1,761 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of ExxonMobil by 0.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 211,550 shares of the oil and gas company’s stock worth $25,454,000 after purchasing an additional 1,445 shares during the last quarter. Phil A. Younker & Associates Ltd. lifted its holdings in shares of ExxonMobil by 14.1% in the 4th quarter. Phil A. Younker & Associates Ltd. now owns 5,167 shares of the oil and gas company’s stock worth $622,000 after purchasing an additional 640 shares during the last quarter. Finally, Revisor Wealth Management LLC lifted its holdings in shares of ExxonMobil by 42.1% in the 4th quarter. Revisor Wealth Management LLC now owns 20,043 shares of the oil and gas company’s stock worth $2,585,000 after purchasing an additional 5,934 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Mizuho raised their price target on ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Zacks Research raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Citigroup lifted their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Bank of America lifted their target price on ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $161.55.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Scotiabank raised its price target on XOM to $163 and moved to a “sector outperform” view, signaling stronger analyst conviction and potential upside versus peers. Scotiabank raises XOM PT to $163 (Benzinga)
• Positive Sentiment: Analyst reports highlight Exxon’s production growth, Guyana success and low?carbon investments — reinforcing the growth and diversification narrative that supports valuation multiple expansion. Top Analyst Reports for Exxon Mobil, IBM & Citigroup
• Positive Sentiment: Gabon expects to sign production?sharing contracts with BP and Exxon within 4–6 months — a near?term opportunity to boost upstream volumes and future cash flow. Gabon expects to sign production-sharing contracts with BP and Exxon (Reuters)
• Positive Sentiment: Exxon and peers are raising prices for plastics amid supply shocks tied to Middle East tensions — a margin tailwind for the chemicals segment if spreads hold. This Is Why Exxon Mobil Corporation (XOM) Is Hiking Plastics Prices (Yahoo)
• Positive Sentiment: Zacks added XOM to its Rank #1 (Strong Buy) lists (general and income focused), which can attract investor interest from momentum and income?seeking flows. New Strong Buy Stocks for April 22nd (Zacks)
• Neutral Sentiment: Bloomberg/Reuters report Exxon is exploring a sale of its Hong Kong gas?station network for $500–$600M — a noncore asset sale that could free cash and slightly improve capital allocation but is not material to overall free cash flow. Exxon Mobil Is Said to Consider Sale of Hong Kong Gas Stations (Bloomberg)
• Negative Sentiment: Wolfe Research downgraded Exxon, saying shares look fairly valued after a recent rally — that could pressure sentiment and limit near?term upside from multiple expansion. Exxon downgraded at Wolfe (Seeking Alpha)
• Negative Sentiment: Ongoing governance disputes (proxy fights over board/CEO structure and shareholder voting) add investor uncertainty and could be a distraction during heightened geopolitical risk. Does Exxon’s Governance Standoff Amid Middle East Turmoil Change The Bull Case For XOM? (Yahoo)

ExxonMobil Stock Up 0.7%

Shares of ExxonMobil stock opened at $149.46 on Thursday. The business’s fifty day moving average price is $154.73 and its two-hundred day moving average price is $133.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company has a market capitalization of $621.24 billion, a P/E ratio of 22.34, a PEG ratio of 0.75 and a beta of 0.29. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share 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 the consensus estimate of $77.98 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. As a group, research analysts forecast that ExxonMobil Corporation will post 9.94 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is 61.58%.

About ExxonMobil

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.