ExxonMobil Corporation $XOM Shares Sold by Assetmark Inc.

Key Points

• Assetmark Inc. trimmed its ExxonMobil stake by 43.3% in Q4, selling 347,578 shares and retaining 454,643 shares worth about $54.7 million.
• ExxonMobil beat quarterly estimates, reporting $1.71 EPS versus $1.63 expected and $80.04 billion in revenue, and it recently paid a $1.03 quarterly dividend (about a 2.7% yield).
• Near-term catalysts are mixed: geopolitical disruption around the Strait of Hormuz and asset sales/development plans support upside, while withdrawal of two Golden Pass LNG cargo offers and signs of softer physical oil demand pose downside risks.

Assetmark Inc. trimmed its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 454,643 shares of the oil and gas company's stock after selling 347,578 shares during the period. Assetmark Inc.'s holdings in ExxonMobil were worth $54,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. Westfuller Advisors LLC purchased a new position in ExxonMobil during the third quarter worth about $30,000. Clayton Financial Group LLC purchased a new position in ExxonMobil during the third quarter worth about $40,000. TruNorth Capital Management LLC boosted its stake in ExxonMobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company's stock worth $40,000 after buying an additional 335 shares during the period. Halbert Hargrove Global Advisors LLC boosted its stake in ExxonMobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company's stock worth $42,000 after buying an additional 181 shares during the period. Finally, Marquette Asset Management LLC boosted its stake in ExxonMobil by 307.0% during the third quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company's stock worth $46,000 after buying an additional 307 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Up 1.9%

Shares of NYSE:XOM opened at $151.80 on Friday. The firm's 50 day moving average price is $155.04 and its 200 day moving average price is $132.36. The stock has a market cap of $630.95 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 0.90 and a beta of 0.29. 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 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion for the quarter, compared to analysts' expectations of $77.98 billion. During the same quarter last year, the company earned $1.67 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts predict that ExxonMobil Corporation will post 7.43 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil's dividend payout ratio is currently 61.58%.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the transaction, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XOM shares. Sanford C. Bernstein lowered their target price on shares of ExxonMobil from $142.00 to $137.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Barclays increased their target price on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an "overweight" rating in a research note on Monday, March 16th. Morgan Stanley increased their target price on shares of ExxonMobil from $134.00 to $172.00 and gave the stock an "overweight" rating in a research note on Friday, March 27th. HSBC increased their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a "hold" rating in a research note on Friday, March 20th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $155.00 target price on shares of ExxonMobil in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.20.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Geopolitical disruption around the Strait of Hormuz has tightened global seaborne flows, lifting realized oil prices and export demand for U.S. barrels — a direct revenue tailwind for Exxon and a likely reason for stronger share performance. Exxon Mobil Gains Influence As Hormuz Blockade Rewrites Global Oil Trade
• Positive Sentiment: Exxon signed an agreement to sell Thai gas assets to Horizon Oil, which can free capital, reduce regional operating complexity and modestly improve the balance sheet or fund higher-return projects. ExxonMobil Signs Agreement to Sell Thai Gas Assets to Horizon Oil
• Positive Sentiment: Exxon and partners plan to begin deepwater drilling offshore Greece by 2027, signaling growth optionality from new upstream development that could add reserves and long-term production upside. ExxonMobil & Partners Plan to Begin Deepwater Drilling Offshore Greece
• Neutral Sentiment: Management set a clear near-term catalyst: Exxon will report Q1 2026 results on May 1. Earnings and guidance will likely drive short-term moves and clarify impacts from recent macro volatility. ExxonMobil to Release First Quarter 2026 Financial Results
• Neutral Sentiment: Analyst coverage and price-target commentary (e.g., 24/7 Wall St./247WallSt) show modest upside expectations and buy recommendations, supporting sentiment but not creating an immediate catalyst. ExxonMobil Price Prediction: How High Will The Oil Stock Go In 2026
• Negative Sentiment: Exxon withdrew an offer to sell two initial LNG cargoes from the Golden Pass export plant — a sign of commercial caution or timing/operational issues as the facility ramps, which could delay near-term LNG sales and revenue recognition. Exxon withdraws offer to sell two initial Golden Pass LNG cargoes, sources say
• Negative Sentiment: Signals that physical oil demand may be softening — more offers than bids in some North Sea markets — could temper the recent rally in oil prices if sustained, creating downside risk for cycle-exposed revenues. There Are More Offers Than Bids For North Sea Oil

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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