ExxonMobil Corporation $XOM Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lessened its holdings in ExxonMobil Corporation (NYSE:XOM) by 7.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 96,572 shares of the oil and gas company’s stock after selling 7,510 shares during the quarter. ExxonMobil comprises about 1.0% of Cornerstone Wealth Group LLC’s holdings, making the stock its 22nd biggest position. Cornerstone Wealth Group LLC’s holdings in ExxonMobil were worth $16,384,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in ExxonMobil by 2.0% in the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after purchasing an additional 1,457,560 shares during the period. Norges Bank acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $7,625,063,000. Bank of New York Mellon Corp lifted its position in shares of ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after buying an additional 531,362 shares in the last quarter. Northern Trust Corp lifted its position in shares of 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 buying an additional 445,283 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of ExxonMobil by 7.4% during 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 buying an additional 2,660,910 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.3%

NYSE XOM opened at $136.27 on Thursday. The business has a fifty day moving average price of $147.85 and a 200 day moving average price of $144.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market cap of $564.83 billion, a P/E ratio of 22.98, a P/E/G ratio of 0.58 and a beta of 0.17. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. ExxonMobil’s payout ratio is presently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy advanced their Cyprus gas export plans, with recent reports saying the gas discoveries were declared marketable and could begin flowing by 2033. That supports the company’s long-term growth story and adds optionality to its international natural gas portfolio. ExxonMobil (XOM) Advances Cyprus Gas Export Plan With QatarEnergy
• Positive Sentiment: Erste Group Bank raised its earnings estimates for ExxonMobil for FY2026 and FY2027, signaling confidence in the company’s profitability despite near-term oil price normalization.
• Positive Sentiment: Several commentary pieces highlighted ExxonMobil as a reliable dividend and income stock, reinforcing its appeal for investors seeking stability and cash returns. This 3% Yielding Energy Stock Has Hiked Its Dividend for 43 Straight Years. Here’s Why I’d Buy It Without Hesitation Right Now.
• Neutral Sentiment: Technical analysts said XOM has pulled back toward its 200-day moving average and could bounce from support, which suggests traders are watching for a potential near-term stabilization rather than a major catalyst. Signal: Exxon Mobil Stock Could Soon Bounce Off Support
• Negative Sentiment: Energy stocks broadly moved lower as oil prices weakened, and one report noted that oil’s four-month low created a fresh headwind for ExxonMobil and peers. That macro backdrop is likely weighing on sentiment for XOM today. Oil’s 4-month low hands Exxon, Chevron a fresh problem

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Mizuho boosted their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Finally, HSBC upped their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average price target of $165.55.

ExxonMobil Company 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.