Narwhal Capital Management Has $14.52 Million Stake in ExxonMobil Corporation $XOM

Key Points

• Narwhal Capital Management boosted its ExxonMobil stake by 16.4% to 120,665 shares worth $14.52 million, representing about 1.1% of the fund and the stock's 24th-largest position for the firm.
• Exxon beat Q1 expectations with adjusted EPS of $1.16 and $83.16 billion in revenue, highlighted record Guyana output and first LNG at Golden Pass Train 1, and management warned oil prices could rise due to the Iran conflict, though GAAP net income fell and geopolitical/regulatory risks remain.
• Exxon declared a quarterly dividend of $1.03 (annualized $4.12) for a ~2.7% yield, with an ex-dividend date of May 15 and payment scheduled for June 10.

Narwhal Capital Management increased its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 120,665 shares of the oil and gas company's stock after acquiring an additional 17,022 shares during the period. ExxonMobil accounts for about 1.1% of Narwhal Capital Management's holdings, making the stock its 24th largest position. Narwhal Capital Management's holdings in ExxonMobil were worth $14,521,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in XOM. Eagle Capital Management LLC increased its holdings in shares of ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of ExxonMobil during the 1st quarter valued at about $305,000. Sivia Capital Partners LLC increased its holdings in shares of ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock valued at $1,211,000 after acquiring an additional 207 shares during the last quarter. United Bank increased its holdings in shares of ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock valued at $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock valued at $3,957,000 after acquiring an additional 5,443 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at ExxonMobil

In other 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 transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, 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

A number of brokerages have recently commented on XOM. 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. TD Cowen lowered their target price on ExxonMobil from $175.00 to $172.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Mizuho raised their target price on ExxonMobil from $140.00 to $162.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Piper Sandler lowered their target price on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Finally, Wolfe Research lowered ExxonMobil from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $161.55.

Key Headlines 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

ExxonMobil Stock Performance

XOM opened at $153.10 on Friday. The firm has a market capitalization of $636.38 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.29. The stock's 50 day moving average price is $154.98 and its two-hundred day moving average price is $134.93. 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 Corporation has a 12-month low of $101.18 and a 12-month high of $176.41.

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

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued 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 (DPR) is presently 61.58%.

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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