NewEdge Wealth LLC Buys 21,519 Shares of ExxonMobil Corporation $XOM

NewEdge Wealth LLC raised its stake in ExxonMobil Corporation (NYSE:XOM) by 27.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,818 shares of the oil and gas company’s stock after buying an additional 21,519 shares during the quarter. NewEdge Wealth LLC’s holdings in ExxonMobil were worth $12,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in ExxonMobil by 1.0% in the third 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. Franklin Resources Inc. lifted its stake in ExxonMobil by 7.4% in the third 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. Capital Research Global Investors lifted its stake in ExxonMobil by 0.4% in the third 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 in the last quarter. Fisher Asset Management LLC lifted its stake in ExxonMobil by 1.1% in the third 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 in the last quarter. Finally, Legal & General Group Plc lifted its stake in ExxonMobil by 4.5% in the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock valued at $2,299,687,000 after buying an additional 886,087 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Citigroup lifted their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. HSBC lifted their price objective on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a report on Friday, March 20th. Finally, Piper Sandler lowered their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.70.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Argus raised its price target on ExxonMobil to $169 from $166 and kept a Buy rating, citing a strong Q1 earnings beat and expected 2026 production growth from the Permian and Guyana. Argus Hikes Exxon Mobil Price Target to $169 as Permian, Guyana Production Power 2026
• Positive Sentiment: Erste Group Bank slightly increased its FY2026 earnings estimate for ExxonMobil to $10.20 per share, reinforcing expectations for solid profitability even though the new estimate remains below the broader consensus.
• Positive Sentiment: ExxonMobil is also getting support from reports highlighting its AI-powered seismic tools in Guyana, which could improve exploration efficiency and help accelerate future project development. Exxon Mobil Uses AI Seismic Tools To Reshape Guyana Project Pipeline
• Neutral Sentiment: A court ruling requiring ExxonMobil to face a $1 billion lawsuit from InterOil’s founder over post-merger payments adds legal overhang, but the outcome is still uncertain. ExxonMobil Must Face InterOil Founder’s $1B Suit Over Post-Merger Payments
• Neutral Sentiment: Recent articles about Iran-related oil price spikes and Shell’s trading windfall underscore how geopolitics are moving the energy sector, but they do not directly change ExxonMobil’s fundamentals on their own.

ExxonMobil Price Performance

NYSE XOM opened at $144.33 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41. The company has a market capitalization of $598.22 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 0.63 and a beta of 0.19. The firm’s 50 day moving average is $155.04 and its 200-day moving average is $136.06.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. Equities research analysts anticipate that ExxonMobil Corporation will post 11.45 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

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.