ExxonMobil Corporation $XOM Shares Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in ExxonMobil by 10.4% in Q4, buying 10,550 shares to hold 111,708 shares worth about $13.44 million at quarter-end.
• ExxonMobil beat Q1 estimates with EPS of $1.16 (vs. $0.98 expected) and $83.16 billion in revenue, and announced a quarterly dividend of $1.03 per share (annualized yield ~2.8%).
• Analysts and catalysts are broadly positive—Argus raised its target to $169 and Exxon is deploying AI seismic tools in Guyana to boost production—while macro/geopolitical shifts (a fading Iran risk premium) have pressured the stock in the near term.

GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,708 shares of the oil and gas company's stock after acquiring an additional 10,550 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in ExxonMobil were worth $13,443,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XOM. Franklin Resources Inc. grew its holdings in shares of ExxonMobil by 7.4% in 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 acquiring an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of ExxonMobil by 218.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company's stock worth $155,696,000 after acquiring an additional 2,546,791 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of ExxonMobil by 105.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company's stock worth $329,797,000 after acquiring an additional 1,501,235 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of ExxonMobil by 119.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company's stock worth $301,310,000 after acquiring an additional 1,454,308 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of ExxonMobil by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock worth $2,299,687,000 after acquiring an additional 886,087 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company's stock, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 6,460 shares of company stock worth $989,104 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Argus raised its price target on XOM to $169 (from $166) and kept a Buy rating, citing higher 2026 production from Permian and Guyana as the core upside driver — a clear near‑term bullish catalyst for earnings and cash flow. Argus Hikes Exxon Mobil Price Target to $169 as Permian, Guyana Production Power 2026
• Positive Sentiment: Exxon is deploying AI seismic tools in Guyana to speed prospect screening and re‑evaluate overlooked targets — a productivity and reserve‑conversion story that supports longer‑term production growth and lower exploration costs. Exxon Mobil Uses AI Seismic Tools To Reshape Guyana Project Pipeline
• Positive Sentiment: Reuters reports President Trump met with Exxon and Chevron to discuss Venezuela — any policy shift or deal that eases access to Venezuelan production would be a material upside for majors over time. Trump met with Chevron and ExxonMobil on Tuesday to discuss Venezuela
• Positive Sentiment: Recent coverage highlights Exxon’s strong Q1 beat, ongoing large buybacks and sustained dividend — fundamentals that support shareholder returns and underpinned recent analyst optimism. Exxon’s Earnings Beat, Buybacks, and Governance Fight Might Change The Case For Investing In Exxon Mobil (XOM)
• Neutral Sentiment: Shell reported a big trading and profit boost tied to the Iran conflict, underlining how oil majors can benefit from price swings — useful context for sector earnings but not company‑specific to Exxon’s operations. Shell Earnings Surge on Iran War Oil Boom. Why the Stock Is Falling.
• Neutral Sentiment: Several analyst pieces and price‑target commentary (e.g., $197 milestone scenarios) continue to circulate — they frame upside potential but are speculative and dependent on oil prices and execution. Exxon Mobil's Next Big Milestone Could Be $197
• Negative Sentiment: Macro/geopolitical headlines suggest the market is pricing a fading Iran premium — multiple reports say oil stocks sank as traders bet the Iran war will de‑escalate, removing a major near‑term price support for XOM. That shift is the most direct driver of today’s pullback. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Commentary that the Iran conflict could have pushed oil toward $200 highlights the extreme volatility risk investors faced; the unwinding of that risk premium can pressure integrated majors even if fundamentals remain solid. Trump Admits “I Expected Oil to Hit $200” Over Iran— Here's How Close Investors Came to Disaster

ExxonMobil Price Performance

XOM opened at $146.47 on Friday. The stock has a market cap of $607.11 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.65 and a beta of 0.19. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $155.04 and a 200 day moving average price of $136.06.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.18. The firm 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 business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 earnings per share. Analysts forecast that ExxonMobil Corporation will post 11.44 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil's dividend payout ratio (DPR) is presently 69.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler decreased their target price on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Barclays raised their target price on ExxonMobil from $145.00 to $163.00 and gave the stock an "overweight" rating in a research report on Monday, March 16th. Zacks Research raised ExxonMobil from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. Citigroup raised their target price on ExxonMobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. raised their target price on ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.70.

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.

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