ExxonMobil Corporation $XOM Shares Sold by Castellan Group

Castellan Group trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 76.4% in the first quarter, HoldingsChannel reports. The firm owned 14,862 shares of the oil and gas company’s stock after selling 48,111 shares during the period. ExxonMobil makes up about 0.3% of Castellan Group’s portfolio, making the stock its 21st biggest holding. Castellan Group’s holdings in ExxonMobil were worth $2,521,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE increased its position in ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock worth $9,043,836,000 after buying an additional 1,457,560 shares in the last quarter. Norges Bank purchased a new stake in shares of ExxonMobil in the fourth quarter valued at $7,625,063,000. Bank of New York Mellon Corp boosted its stake in shares of ExxonMobil by 1.2% during the fourth 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 acquiring an additional 531,362 shares during the last quarter. Northern Trust Corp boosted its stake in shares of ExxonMobil by 1.0% during 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 acquiring an additional 445,283 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in 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 worth $4,366,655,000 after purchasing an additional 2,660,910 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

NYSE XOM opened at $137.03 on Friday. The business’s 50-day moving average price is $147.62 and its 200 day moving average price is $144.65. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a market capitalization of $567.99 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.57 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

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

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: TD Cowen trimmed its price target on ExxonMobil to $155 from $172 but kept a buy rating, implying upside from current levels and signaling continued analyst confidence in the stock. Benzinga report
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for ExxonMobil, which can help reinforce investor expectations for solid profitability.
• Positive Sentiment: ExxonMobil completed its redomiciliation and holding company transition from New Jersey to Texas, and shareholders approved the move while the company kept its XOM ticker. Yahoo Finance article
• Positive Sentiment: ExxonMobil advanced its Cyprus gas export plan with QatarEnergy, adding to its long-term growth and LNG-related opportunities. Yahoo Finance article
• Neutral Sentiment: Analysts highlighted that ExxonMobil’s Permian upstream business may still hold up even if oil stays below $70, suggesting operations can remain resilient near current price levels. Zacks article
• Neutral Sentiment: Technical analysis suggested XOM may be approaching support near its 200-day moving average, which could help stabilize the stock, but the broader energy sector was also weaker. Yahoo Finance sector update
• Negative Sentiment: Oil prices fell to a four-month low, creating a headwind for ExxonMobil and other integrated oil producers because weaker crude can pressure upstream earnings and sentiment. TheStreet article

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Barclays raised their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Mizuho boosted their price objective on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wells Fargo & Company upped their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Finally, Jefferies Financial Group raised their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and a consensus price target of $164.70.

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.