SVB Wealth LLC Decreases Stock Position in ExxonMobil Corporation $XOM

Key Points

• SVB Wealth LLC cut its ExxonMobil stake by 10.3% in the fourth quarter, selling 10,119 shares and leaving it with 88,208 shares valued at about $10.6 million.
• ExxonMobil reported better-than-expected quarterly results, posting $1.16 EPS versus the $0.98 estimate and revenue of $83.16 billion, while analysts currently expect full-year EPS of 11.45.
• The company also declared a quarterly dividend of $1.03 per share, equal to an annualized yield of 2.9%, and Wall Street sentiment remains moderately positive with an average target price of $161.70.

SVB Wealth LLC reduced its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,208 shares of the oil and gas company's stock after selling 10,119 shares during the period. SVB Wealth LLC's holdings in ExxonMobil were worth $10,615,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Peoples Bank OH raised its holdings in ExxonMobil by 0.5% in the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company's stock worth $1,804,000 after acquiring an additional 71 shares during the last quarter. MOKAN Wealth Management Inc. raised its holdings in ExxonMobil by 1.3% in the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company's stock worth $711,000 after acquiring an additional 77 shares during the last quarter. Field & Main Bank raised its holdings in ExxonMobil by 0.3% in the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company's stock worth $2,815,000 after acquiring an additional 78 shares during the last quarter. Capstone Wealth Management LLC raised its holdings in ExxonMobil by 3.1% in the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company's stock worth $314,000 after acquiring an additional 79 shares during the last quarter. Finally, Sunburst Financial Group LLC raised its holdings in ExxonMobil by 2.3% in the 4th quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company's stock worth $424,000 after acquiring an additional 80 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Price Performance

Shares of XOM opened at $144.33 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market cap of $598.22 billion, a PE ratio of 24.34, a P/E/G ratio of 0.63 and a beta of 0.19. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41. The firm has a fifty day simple moving average of $155.04 and a two-hundred day simple moving average of $136.06.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. On average, equities analysts anticipate that ExxonMobil Corporation will post 11.45 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, May 15th. ExxonMobil's dividend payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. UBS Group boosted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Mizuho boosted their target price on shares of ExxonMobil from $140.00 to $162.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Barclays boosted their target price on shares of ExxonMobil from $145.00 to $163.00 and gave the company an "overweight" rating in a research note on Monday, March 16th. Morgan Stanley decreased their target price on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating for the company in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $161.70.

Insider Activity at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company's stock in a transaction on Monday, March 16th. The stock was 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 directly owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Argus raised its price target on ExxonMobil to $169 from $166 and kept a Buy rating, citing a strong Q1 earnings beat and expected 2026 production growth from the Permian and Guyana. Argus Hikes Exxon Mobil Price Target to $169 as Permian, Guyana Production Power 2026
• Positive Sentiment: Erste Group Bank slightly increased its FY2026 earnings estimate for ExxonMobil to $10.20 per share, reinforcing expectations for solid profitability even though the new estimate remains below the broader consensus.
• Positive Sentiment: ExxonMobil is also getting support from reports highlighting its AI-powered seismic tools in Guyana, which could improve exploration efficiency and help accelerate future project development. Exxon Mobil Uses AI Seismic Tools To Reshape Guyana Project Pipeline
• Neutral Sentiment: A court ruling requiring ExxonMobil to face a $1 billion lawsuit from InterOil’s founder over post-merger payments adds legal overhang, but the outcome is still uncertain. ExxonMobil Must Face InterOil Founder's $1B Suit Over Post-Merger Payments
• Neutral Sentiment: Recent articles about Iran-related oil price spikes and Shell’s trading windfall underscore how geopolitics are moving the energy sector, but they do not directly change ExxonMobil’s fundamentals on their own.

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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