SBI Okasan Asset Management Co.Ltd. Invests $1.99 Million in ExxonMobil Corporation $XOM

Key Points

• SBI Okasan Asset Management opened a new position in ExxonMobil, buying 16,500 shares worth about $1.99 million in the fourth quarter.
• ExxonMobil’s latest quarterly results beat expectations, with EPS of $1.16 versus the $0.98 estimate and revenue of $83.16 billion, up 2.4% from a year earlier.
• The company also declared a quarterly dividend of $1.03 per share, equal to an annualized payout of $4.12 and a 2.8% yield.

SBI Okasan Asset Management Co.Ltd. bought a new position in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,500 shares of the oil and gas company's stock, valued at approximately $1,989,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock valued at $4,963,934,000 after buying an additional 445,283 shares during the period. Franklin Resources Inc. boosted its position in ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. Capital Research Global Investors boosted its position in ExxonMobil by 0.4% during the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company's stock worth $3,790,773,000 after purchasing an additional 127,466 shares during the period. Fisher Asset Management LLC boosted its position in ExxonMobil by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 31,497,852 shares of the oil and gas company's stock worth $3,790,452,000 after purchasing an additional 303,359 shares during the period. Finally, Legal & General Group Plc boosted its position in ExxonMobil by 4.5% during the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock worth $2,299,687,000 after purchasing an additional 886,087 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Activity at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of ExxonMobil stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares of the company's stock, valued at approximately $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

ExxonMobil Trading Down 0.4%

Shares of ExxonMobil stock opened at $147.37 on Friday. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The firm has a market cap of $610.86 billion, a PE ratio of 24.85, a PEG ratio of 0.65 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The company has a 50 day simple moving average of $155.28 and a two-hundred day simple moving average of $140.11.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. Analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. ExxonMobil's dividend payout ratio (DPR) is 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon’s own executive said global oil inventories could fall to “really, really low levels” within weeks because of Middle East conflict, a setup that could push oil prices higher and improve cash flow for integrated producers like ExxonMobil. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
• Positive Sentiment: Mizuho raised its 2026 and 2027 oil price outlooks and increased its price target on ExxonMobil, reflecting expectations that stronger crude prices could support XOM’s earnings and valuation. Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target
• Positive Sentiment: Several recent pieces argue ExxonMobil could outperform the S&P 500 in 2026, citing resilient energy pricing and the stock’s strong run this year, which may help keep investor sentiment constructive. Prediction: ExxonMobil Will Outperform the S&P 500 in 2026
• Positive Sentiment: ExxonMobil won shareholder approval to move its corporate domicile to Texas, a governance win that could reduce legal risk and improve flexibility versus its previous New Jersey base. Exxon wins shareholder backing for legal move to Texas
• Positive Sentiment: Exxon is advancing the Haimara project in Guyana, its ninth major development in the Stabroek block, reinforcing long-term production growth prospects. Exxon Mobil’s Haimara Project In Guyana And What It Means For XOM
• Neutral Sentiment: Exxon is also exploring a return to Venezuela and considering safeguards around that move; this could expand output over time, but regulatory and political hurdles remain. Inside Exxon's Dilemma Over Returning to Venezuela
• Negative Sentiment: Zacks Research downgraded ExxonMobil from “strong-buy” to “hold,” which may have pressured sentiment despite the broader bullish oil backdrop. ExxonMobil was downgraded by Zacks Research from strong-buy to hold
• Negative Sentiment: Reuters also reported that tensions around possible Iran-U.S. peace progress have already weighed on crude prices at times, showing how quickly the war premium supporting oil stocks can fade if geopolitics improve. Seadrill, Kosmos Energy, and Tidewater Stocks Trade Down, What You Need To Know

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group increased their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Loop Capital set a $123.00 target price on shares of ExxonMobil in a research report on Tuesday, February 3rd. Barclays raised their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the company an "overweight" rating in a research report on Tuesday. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a "buy" rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company boosted their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $165.55.

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.

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