ExxonMobil Corporation $XOM Shares Purchased by Davis Capital Management

Key Points

• Davis Capital Management sharply increased its ExxonMobil stake by 776% in the first quarter, ending with 8,594 shares worth about $1.46 million.
• ExxonMobil announced plans to move its corporate domicile from New Jersey to Texas, with the redomiciliation expected to take effect on July 1, 2026 after shareholder approval.
• Analysts remain broadly constructive: BofA upgraded XOM to Buy, and the stock now carries an average rating of Moderate Buy with a consensus price target of $165.70.

Davis Capital Management raised its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 776.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,594 shares of the oil and gas company's stock after buying an additional 7,613 shares during the quarter. Davis Capital Management's holdings in ExxonMobil were worth $1,458,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. Norges Bank purchased a new stake in ExxonMobil during the 4th quarter worth approximately $7,625,063,000. Franklin Resources Inc. increased its stake 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 valued at $4,366,655,000 after purchasing an additional 2,660,910 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of ExxonMobil by 218.4% in the third 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 buying an additional 2,546,791 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company's stock worth $1,925,119,000 after buying an additional 2,465,410 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of ExxonMobil by 334.4% during the fourth quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company's stock worth $368,541,000 after buying an additional 2,357,467 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil announced a planned effective date for its long-anticipated redomiciliation from New Jersey to Texas, with the move set for July 1, 2026 through a new parent company, ExxonMobil Holdings Corporation. Shareholders have already approved the change, which management may frame as a governance and operating simplification for the business. ExxonMobil Announces Planned Effective Date for Move to Texas
• Positive Sentiment: BofA upgraded ExxonMobil to Buy, citing a more favorable outlook for the integrated oil major and reinforcing the view that XOM remains attractively positioned among large U.S. energy names. Exxon Mobil (XOM) Upgraded at BofA. Here is Why
• Positive Sentiment: Several energy-market articles pointed to ongoing tightness in oil markets and the possibility that prices could rebound later, which would generally support ExxonMobil’s upstream earnings and cash flow if crude prices strengthen again. The Oil Trade May Not Be Over: 3 Energy Stocks to Watch
• Neutral Sentiment: Zacks flagged XOM as a trending stock, indicating elevated investor attention but not a direct fundamental catalyst. Exxon Mobil Corporation (XOM) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: ExxonMobil also drew attention for a potential LNG project in South Africa and for its involvement with Sable Offshore’s loan amendment and waiver, but these look like longer-dated strategic or financing items rather than immediate stock-moving developments. ExxonMobil (XOM) to Develop South Africa’s First LNG Import Terminal at Port of Richards Bay
• Negative Sentiment: Broader headlines about falling oil prices and easing Middle East tensions could pressure ExxonMobil’s earnings expectations if weaker crude persists, since the stock is still highly sensitive to commodity prices. While Oil Prices Have Fallen From Their Peak, Here's Why They Could Rise Again in the Future.

ExxonMobil Stock Up 0.4%

ExxonMobil stock opened at $138.41 on Tuesday. The stock has a market capitalization of $573.72 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.58 and a beta of 0.16. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. The business has a 50 day simple moving average of $149.64 and a 200-day simple moving average of $143.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. On average, analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on XOM. Mizuho increased their price objective on ExxonMobil from $159.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, May 27th. UBS Group lifted their target price on ExxonMobil from $171.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Weiss Ratings lowered ExxonMobil from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, May 21st. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the stock a "neutral" rating in a report on Friday, April 17th. Finally, HSBC raised their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a "hold" rating in a research report on Friday, March 20th. Eleven investment 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 currently has an average rating of "Moderate Buy" and an average target price of $165.70.

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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