ExxonMobil Corporation $XOM Shares Purchased by Morse Asset Management Inc

Key Points

• Morse Asset Management boosted its ExxonMobil stake by 40.3%, purchasing 12,314 shares to hold 42,855 shares worth $5.157 million, about 1.0% of the fund and its 26th largest holding.
• ExxonMobil beat Q1 expectations with $1.16 EPS versus $0.98 expected and $83.16 billion in revenue, and announced a quarterly dividend of $1.03 (annualized $4.12, yield 2.7%, ex‑dividend May 15).
• Analysts carry a consensus rating of Moderate Buy with an average price target of $161.70, though individual targets recently ranged higher (e.g., Wells Fargo $185, RBC $180) and some firms trimmed theirs.

Morse Asset Management Inc boosted its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 40.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,855 shares of the oil and gas company's stock after purchasing an additional 12,314 shares during the quarter. ExxonMobil makes up approximately 1.0% of Morse Asset Management Inc's holdings, making the stock its 26th largest holding. Morse Asset Management Inc's holdings in ExxonMobil were worth $5,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Northern Trust Corp boosted its stake in ExxonMobil by 1.0% during the 3rd 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. Franklin Resources Inc. increased its position 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 purchasing an additional 2,660,910 shares during the last quarter. Capital Research Global Investors increased its position in shares of ExxonMobil by 0.4% in the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company's stock worth $3,790,773,000 after purchasing an additional 127,466 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of ExxonMobil by 1.1% in the 3rd 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 purchasing an additional 340,785 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of ExxonMobil by 4.5% during the third 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 purchasing an additional 886,087 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on XOM shares. BMO Capital Markets reiterated a "market perform" rating and issued a $155.00 price target on shares of ExxonMobil in a research note on Wednesday, February 4th. Wells Fargo & Company upped their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Morgan Stanley reduced their target price on ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. HSBC lifted their target price on ExxonMobil from $135.00 to $158.00 and gave the stock a "hold" rating in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $161.70.

ExxonMobil Trading Up 0.8%

Shares of NYSE:XOM opened at $154.90 on Wednesday. The company has a market cap of $643.85 billion, a PE ratio of 26.12, a P/E/G ratio of 0.69 and a beta of 0.19. The company's 50-day moving average price is $155.14 and its 200 day moving average price is $135.55. ExxonMobil Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $176.41. 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 (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 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 firm had revenue of $83.16 billion during the quarter, compared to analysts' expectations of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. ExxonMobil's quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that ExxonMobil Corporation will post 11.14 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil's dividend payout ratio is 69.48%.

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 3,230 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares in the company, valued at $3,036,409.72. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 6,460 shares of company stock valued at $989,104. Corporate insiders own 0.03% of the company's stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 results beat expectations — Exxon posted adjusted EPS above estimates and revenue ahead of consensus, with Permian and Guyana contributions and cost savings cited as drivers that help free cash flow and support buybacks/dividends. XOM Q1 Deep Dive
• Positive Sentiment: Faster reservoir analysis via AI in Guyana could speed project cycle times and lift near‑term production optionality — a potential multi-quarter catalyst for volumes and cash generation. Exxon using AI for faster analysis
• Positive Sentiment: RBC reaffirmed a sector‑perform rating and set a $180 price target — an analyst endorsement that suggests upside from current levels and can attract income/valuation‑oriented investors. Benzinga - RBC rating
• Neutral Sentiment: Analyst fair‑value and narrative shifts: some models nudged Exxon’s fair value slightly higher as analysts reassess oil price assumptions and cash‑flow outlooks — useful context but not an immediate catalyst. How The Exxon Mobil Narrative Is Shifting
• Neutral Sentiment: Stock is a trending name on retail/analysis sites — increased attention can amplify moves but also raise volatility. Exxon trending article
• Negative Sentiment: Headline volatility in reported profits — some coverage notes lower GAAP metrics and derivative/timing effects despite adjusted beats, highlighting earnings noise that can weigh sentiment. Exxon, Chevron profits fall despite oil price surge
• Negative Sentiment: Broader supply/flow developments — reports of large U.S. shipments and export dynamics could blunt oil price upside over time, a headwind for margins if sustained. US Ships 250 Million Barrels

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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