Cullen Frost Bankers Inc. Reduces Position in ExxonMobil Corporation $XOM

Key Points

• Cullen Frost Bankers Inc. reduced its ExxonMobil stake by 3.0% in the fourth quarter, selling 14,680 shares and ending with 470,601 shares valued at about $56.6 million.
• Analysts remain broadly positive on ExxonMobil, with several firms raising price targets and MarketBeat showing a consensus rating of “Moderate Buy” and a target price of $163.95.
• ExxonMobil posted stronger-than-expected first-quarter results, beating EPS and revenue estimates, while also backing a quarterly dividend of $1.03 per share, equal to a 2.5% yield.

Cullen Frost Bankers Inc. cut its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 470,601 shares of the oil and gas company's stock after selling 14,680 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in ExxonMobil were worth $56,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Maryland State Retirement & Pension System raised its position in shares of ExxonMobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company's stock worth $24,342,000 after purchasing an additional 5,573 shares during the last quarter. Capital Investment Advisors LLC grew its stake in ExxonMobil by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company's stock valued at $27,857,000 after acquiring an additional 14,233 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in ExxonMobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company's stock valued at $18,778,000 after acquiring an additional 8,853 shares in the last quarter. HORAN Wealth LLC grew its stake in ExxonMobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company's stock valued at $1,486,000 after acquiring an additional 5,788 shares in the last quarter. Finally, Krilogy Financial LLC grew its stake in ExxonMobil by 46.6% during the 3rd quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company's stock valued at $3,997,000 after acquiring an additional 11,177 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XOM shares. Citigroup increased their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. Loop Capital set a $123.00 price objective on shares of ExxonMobil in a report on Tuesday, February 3rd. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a "buy" rating in a report on Thursday, April 9th. Finally, UBS Group raised their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.95.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is being viewed as a buy by a recent market commentary that compares it favorably with Chevron, reinforcing the case for the stock as a dividend and value name in a volatile oil market. Chevron at $196, ExxonMobil at $160: Buy, Sell or Hold?
• Positive Sentiment: Higher oil prices are supporting ExxonMobil sentiment, with multiple articles pointing to crude strength as a tailwind for the company’s upstream and overall earnings outlook. ExxonMobil Stock Analysis: Buy or Sell?
• Positive Sentiment: A Texas jury cleared ExxonMobil of investor fraud claims, removing a legal risk and improving the company’s investment case while crude prices also rose on Middle East tensions. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Neutral Sentiment: Analysts at Erste Group Bank trimmed their 2026 EPS estimate slightly to $10.12 from $10.20, but the revised forecast remains below the broader consensus of $11.50, so the note is only a modest headwind. ExxonMobil Corporation NYSE: XOM - Free Report
• Neutral Sentiment: Other recent mentions were mainly informational, including investor attention and comparisons with other energy stocks, without a clear new catalyst for ExxonMobil’s fundamentals. Exxon Mobil Corporation (XOM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Opinion coverage highlighted pushback from proxy advisers and New York City over Exxon’s move to Texas, which could create governance-related noise, though this is more of a headline risk than a direct earnings issue. Opinion | The Proxy Advisers Strike Back

ExxonMobil Trading Up 1.4%

Shares of ExxonMobil stock opened at $162.71 on Wednesday. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. 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 capitalization of $674.42 billion, a P/E ratio of 27.44, a PEG ratio of 0.70 and a beta of 0.19. The company's fifty day moving average is $155.46 and its two-hundred day moving average is $138.25.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $81.13 billion. During the same period last year, the firm posted $1.76 EPS. ExxonMobil's revenue for the quarter was up 2.4% on a year-over-year basis. Analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil's payout ratio is presently 69.48%.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company's stock, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

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.

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