Jennison Associates LLC Boosts Stake in ExxonMobil Corporation $XOM

Key Points

• Jennison Associates LLC increased its stake in ExxonMobil by 1.3% during Q4, adding 13,373 shares to hold 1,033,901 shares worth about $124.42 million.
• Exxon reported an adjusted EPS beat (Q1 EPS $1.16 vs. $0.98 est.) and revenue of $83.16 billion driven by higher upstream production (record Guyana output, first LNG from Golden Pass Train 1), but GAAP net income fell sharply amid Iran‑related shipment disruptions and timing effects, creating a mixed near‑term outlook.
• The company declared a quarterly dividend of $1.03 (annualized $4.12, yield 2.7%, ex‑dividend May 15), and Wall Street consensus is a "Moderate Buy" with an average target price of $161.55.

Jennison Associates LLC raised its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,033,901 shares of the oil and gas company's stock after purchasing an additional 13,373 shares during the quarter. Jennison Associates LLC's holdings in ExxonMobil were worth $124,420,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil in the 4th quarter valued at $27,000. Key Capital Management INC purchased a new stake in shares of ExxonMobil in the 4th quarter valued at $28,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of ExxonMobil in the 4th quarter valued at $32,000. DecisionPoint Financial LLC raised its holdings in shares of ExxonMobil by 968.0% in the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company's stock valued at $32,000 after buying an additional 242 shares during the period. Finally, Westfuller Advisors LLC purchased a new stake in shares of ExxonMobil in the 3rd quarter valued at $30,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BMO Capital Markets reiterated a "market perform" rating and issued a $155.00 price objective on shares of ExxonMobil in a report on Wednesday, February 4th. Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a "neutral" rating in a report on Friday, April 17th. Citigroup boosted their price objective on ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Finally, Scotiabank boosted their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil presently has an average rating of "Moderate Buy" and an average target price of $161.55.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company's stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 11,460 shares of company stock worth $1,687,854. Corporate insiders own 0.03% of the company's stock.

ExxonMobil Trading Down 0.8%

XOM opened at $153.10 on Friday. The business has a fifty day moving average price of $154.98 and a 200 day moving average price of $135.09. The stock has a market capitalization of $636.38 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month 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.

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, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analysts' expectations of $81.13 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 EPS. Sell-side analysts expect that ExxonMobil Corporation will post 11.18 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil's dividend payout ratio is currently 61.58%.

ExxonMobil 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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