ExxonMobil Corporation $XOM Shares Sold by Canandaigua National Bank & Trust Co.

Key Points

• Canandaigua National Bank & Trust Co. reduced its stake in ExxonMobil by 4.5%, selling 9,837 shares and now holding 208,557 shares valued at about $25.10 million (Exxon is ~2.2% of its portfolio and its 9th-largest position).
• Exxon beat Q1 expectations with adjusted EPS of $1.16 versus $0.98 and $83.16B in revenue, citing record Guyana output and first LNG at Golden Pass, and announced a $1.03 quarterly dividend ($4.12 annualized, 2.7% yield).
• Company insiders have been net sellers (VP Darrin Talley sold 1,080 shares and insiders sold 11,460 shares worth ~$1.69M in the past three months) while analysts hold a consensus Moderate Buy rating with a $161.55 target price.

Canandaigua National Bank & Trust Co. decreased its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 208,557 shares of the oil and gas company's stock after selling 9,837 shares during the period. ExxonMobil makes up approximately 2.2% of Canandaigua National Bank & Trust Co.'s investment portfolio, making the stock its 9th largest position. Canandaigua National Bank & Trust Co.'s holdings in ExxonMobil were worth $25,098,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in ExxonMobil by 39.1% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 14,697 shares of the oil and gas company's stock valued at $1,769,000 after acquiring an additional 4,128 shares during the last quarter. Cardinal Capital Management raised its holdings in ExxonMobil by 0.4% in the 4th quarter. Cardinal Capital Management now owns 115,684 shares of the oil and gas company's stock valued at $13,921,000 after acquiring an additional 480 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in ExxonMobil in the 4th quarter valued at about $187,000. Bogart Wealth LLC raised its holdings in ExxonMobil by 0.4% in the 4th quarter. Bogart Wealth LLC now owns 1,385,337 shares of the oil and gas company's stock valued at $166,711,000 after acquiring an additional 6,140 shares during the last quarter. Finally, DMKC Advisory Services LLC raised its holdings in ExxonMobil by 15.0% in the 4th quarter. DMKC Advisory Services LLC now owns 23,790 shares of the oil and gas company's stock valued at $2,863,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 11,460 shares of company stock valued at $1,687,854. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Stock Performance

ExxonMobil stock opened at $153.10 on Friday. The firm has a 50 day simple moving average of $154.98 and a 200-day simple moving average of $134.93. 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 current ratio of 1.15 and a quick ratio of 0.79. The stock has a market cap of $636.38 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.19.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $83.16 billion during the quarter, compared to analysts' expectations of $81.13 billion. During the same quarter last year, the company posted $1.76 EPS. The firm's quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts expect that ExxonMobil Corporation will post 11.18 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil's dividend payout ratio (DPR) is 61.58%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 adjusted results beat expectations: Exxon reported adjusted EPS and revenue above Street estimates, driven by higher upstream production and strong commodity prices — a near-term earnings tailwind. Exxon beats first-quarter earnings estimate despite hit from Iran conflict
• Positive Sentiment: Production and project wins support growth: Management highlighted record Guyana output and first LNG production at Golden Pass Train 1, confirming longer‑term volume growth that underpins future cash flow. Chevron, Exxon Earnings Show Resilience, But Oil Stocks Retreat
• Positive Sentiment: Management warns of higher oil prices: CEO Darren Woods said the Iran war hasn’t been fully priced into markets and expects further upside in oil — higher prices would boost Exxon’s margins and cash generation. Exxon Mobil CEO expects higher oil prices due to Iran war
• Neutral Sentiment: Broader market tailwinds: U.S. indices are at record highs on earnings strength, which can support cyclical names like Exxon even when company-specific news is mixed. S&P 500 Marks Fifth Weekly Gain, Reaches New Records on Earnings Strength
• Neutral Sentiment: New offshore work expands long‑cycle pipeline: Exxon awarded/subcontract activity (Angola subsea) supports long‑term upstream growth but has limited immediate EPS impact. Exxon Mobil’s Angola Subsea Deal And What It Means For Long Cycle Growth
• Negative Sentiment: Reported net income dropped sharply (unadjusted profit at a multi‑year low) as Iran‑related shipment disruptions and derivative timing effects hit GAAP results — this likely pressured the stock despite the adjusted beat. Exxon Mobil shares slip after net income falls sharply despite earnings beat
• Negative Sentiment: Geopolitical supply risk could worsen: Management warned the Strait of Hormuz disruption and possible export bans/price caps could further tighten supply and disrupt operations — downside to near‑term volumes and earnings if outages persist. Exxon, Chevron profits take hit from Iran war
• Negative Sentiment: Regulatory/legal and political friction: A lawsuit over orphaned well accounting and public pressure (including criticism for resisting calls to boost domestic output) raise governance and reputational risks that could weigh on the stock. Exxon Mobil Lawsuit Tests Orphaned Well Accounting And ESG Risk Perceptions

Analyst Ratings Changes

A number of research firms have commented on XOM. Bank of America increased their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a "neutral" rating in a report on Monday, March 2nd. Zacks Research raised shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Piper Sandler dropped their price target on shares of ExxonMobil from $186.00 to $182.00 and set an "overweight" rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. increased their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Finally, Wells Fargo & Company increased their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. One 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $161.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.