M&T Bank Corp Cuts Stake in ExxonMobil Corporation $XOM

Key Points

• M&T Bank Corp cut its ExxonMobil stake by 61.7% in Q4, selling 1,115,854 shares and retaining 692,852 shares valued at about $83.38 million.
• Company insiders have sold 11,460 shares in the past three months (including VP Darrin L. Talley’s 5,000‑share sale at $139.75), while institutional investors own roughly 61.8% of XOM.
• Analyst sentiment is mildly positive—an average rating of "Moderate Buy" with an average price target of $161.55—while shares traded around $148.90, market cap ≈ $619B and a dividend yield of 2.8%.

M&T Bank Corp reduced its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 61.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 692,852 shares of the oil and gas company's stock after selling 1,115,854 shares during the quarter. M&T Bank Corp's holdings in ExxonMobil were worth $83,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Franklin Resources Inc. raised its holdings 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 buying an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company's stock valued at $155,696,000 after buying an additional 2,546,791 shares during the last quarter. AQR Capital Management LLC raised its holdings in ExxonMobil by 105.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company's stock valued at $329,797,000 after buying an additional 1,501,235 shares during the last quarter. Bessemer Group Inc. raised its holdings in ExxonMobil by 119.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company's stock valued at $301,310,000 after buying an additional 1,454,308 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in ExxonMobil by 4.5% during the 3rd quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock valued at $2,299,687,000 after buying an additional 886,087 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owned by company insiders.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon and QatarEnergy shipped the first LNG cargo from the Golden Pass export terminal — a commercial milestone that supports longer‑term gas export volumes and cash flow potential. Exxon, QatarEnergy ship first LNG cargo from Golden Pass export terminal
• Positive Sentiment: XOM awarded Saipem a $150M contract for engineering and procurement on the Guyana Longtail development — progress on Guyana projects supports production growth guidance and project de‑risking. ExxonMobil Awards Saipem $150M Contract for Longtail Development
• Positive Sentiment: Short interest fell sharply in April (down ~19% vs. March) to ~43M shares, reducing a potential short squeeze risk and signalling some bearish positions were closed. Source: short interest release
• Positive Sentiment: Zacks upgraded Exxon from "hold" to "strong-buy," which can attract buy-side interest and retail flows following the upgrade. Zacks upgrade coverage
• Positive Sentiment: Analyst commentary highlights production gains and the company’s low‑carbon/clean energy initiatives, reinforcing longer‑term upside narratives after a strong YTD rally. Zacks Analyst Blog on ExxonMobil
• Neutral Sentiment: Reports say Exxon is weighing a sale of its Esso retail network in Hong Kong as it refocuses capital in Asia — proceeds could be redeployed to higher‑return projects, but the move is a strategic reshuffle rather than an immediate EPS driver. Exxon Mobil Weighs Hong Kong Esso Sale And Refocuses Capital Priorities
• Neutral Sentiment: Exxon is raising plastics prices amid sector supply disruptions — supports near‑term margins in chemicals but exposure is mixed given cyclical demand. This Is Why Exxon Mobil Is Hiking Plastics Prices
• Neutral Sentiment: Options/income‑strategy writeups promote yield plays on XOM stock — may increase retail option activity but are not a fundamental earnings driver. Turn Exxon Mobil Stock into an Income Machine with This Options Play
• Negative Sentiment: Zacks preview notes analysts expect a decline in upcoming EPS, suggesting Exxon lacks the mix for a likely earnings beat — weak near‑term results would pressure the stock. Analysts Estimate Exxon Mobil to Report a Decline in Earnings
• Negative Sentiment: Coverage noting that the long oil trade is cooling and XOM/CVX have pulled back after big YTD gains — sentiment rotation and profit‑taking are weighing on shares. Exxon and Chevron Up 20%+ YTD – Why the Long Oil Trade Is Stalling Out

Analyst Ratings Changes

A number of research firms recently commented on XOM. Citigroup upped their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Royal Bank Of Canada upped their price target on shares of ExxonMobil from $160.00 to $180.00 and gave the company a "sector perform" rating in a report on Thursday, April 9th. Morgan Stanley decreased their price objective on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating for the company in a report on Friday, April 17th. Sanford C. Bernstein decreased their price objective on shares of ExxonMobil from $142.00 to $137.00 and set an "outperform" rating for the company in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a 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 given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $161.55.

ExxonMobil Stock Down 1.1%

Shares of NYSE XOM opened at $148.90 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The firm has a market capitalization of $618.89 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 0.76 and a beta of 0.29. The firm has a fifty day simple moving average of $154.75 and a two-hundred day simple moving average of $133.85.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same period in the prior year, the business earned $1.67 EPS. The company's revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts expect that ExxonMobil Corporation will post 9.94 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, February 12th. ExxonMobil's dividend payout ratio (DPR) is presently 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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