Oppenheimer Asset Management Inc. Cuts Holdings in ExxonMobil Corporation $XOM

Oppenheimer Asset Management Inc. cut its position in shares of ExxonMobil Corporation (NYSE:XOM) by 7.7% during the 4th quarter, Holdings Channel reports. The firm owned 240,383 shares of the oil and gas company’s stock after selling 19,989 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ExxonMobil were worth $28,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peoples Bank OH boosted its holdings in ExxonMobil by 0.5% during the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock worth $1,804,000 after purchasing an additional 71 shares during the last quarter. MOKAN Wealth Management Inc. boosted its holdings in ExxonMobil by 1.3% during the fourth quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock worth $711,000 after purchasing an additional 77 shares during the last quarter. Field & Main Bank boosted its holdings in ExxonMobil by 0.3% during the fourth quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock worth $2,815,000 after purchasing an additional 78 shares during the last quarter. Capstone Wealth Management LLC boosted its holdings in ExxonMobil by 3.1% during the fourth quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company’s stock worth $314,000 after purchasing an additional 79 shares during the last quarter. Finally, Sunburst Financial Group LLC boosted its holdings in ExxonMobil by 2.3% during the fourth quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 80 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Bank of America boosted their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Barclays boosted their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group boosted their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.55.

ExxonMobil Stock Down 0.8%

XOM opened at $153.10 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The stock has a market cap of $636.38 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The company’s 50-day moving average price is $154.98 and its two-hundred day moving average price is $135.09.

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 analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. As a group, equities analysts expect that ExxonMobil Corporation will post 11.18 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is presently 61.58%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 adjusted results beat expectations: Exxon reported adjusted EPS and revenue above Street estimates, driven by higher upstream production and strong commodity prices — a near-term earnings tailwind. Exxon beats first-quarter earnings estimate despite hit from Iran conflict
• Positive Sentiment: Production and project wins support growth: Management highlighted record Guyana output and first LNG production at Golden Pass Train 1, confirming longer?term volume growth that underpins future cash flow. Chevron, Exxon Earnings Show Resilience, But Oil Stocks Retreat
• Positive Sentiment: Management warns of higher oil prices: CEO Darren Woods said the Iran war hasn’t been fully priced into markets and expects further upside in oil — higher prices would boost Exxon’s margins and cash generation. Exxon Mobil CEO expects higher oil prices due to Iran war
• Neutral Sentiment: Broader market tailwinds: U.S. indices are at record highs on earnings strength, which can support cyclical names like Exxon even when company-specific news is mixed. S&P 500 Marks Fifth Weekly Gain, Reaches New Records on Earnings Strength
• Neutral Sentiment: New offshore work expands long?cycle pipeline: Exxon awarded/subcontract activity (Angola subsea) supports long?term upstream growth but has limited immediate EPS impact. Exxon Mobil’s Angola Subsea Deal And What It Means For Long Cycle Growth
• Negative Sentiment: Reported net income dropped sharply (unadjusted profit at a multi?year low) as Iran?related shipment disruptions and derivative timing effects hit GAAP results — this likely pressured the stock despite the adjusted beat. Exxon Mobil shares slip after net income falls sharply despite earnings beat
• Negative Sentiment: Geopolitical supply risk could worsen: Management warned the Strait of Hormuz disruption and possible export bans/price caps could further tighten supply and disrupt operations — downside to near?term volumes and earnings if outages persist. Exxon, Chevron profits take hit from Iran war
• Negative Sentiment: Regulatory/legal and political friction: A lawsuit over orphaned well accounting and public pressure (including criticism for resisting calls to boost domestic output) raise governance and reputational risks that could weigh on the stock. Exxon Mobil Lawsuit Tests Orphaned Well Accounting And ESG Risk Perceptions

Insider Activity at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 11,460 shares of company stock worth $1,687,854. Corporate insiders own 0.03% of the company’s stock.

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.