Truist Financial Corp Sells 30,772 Shares of ExxonMobil Corporation $XOM

Key Points

• Truist Financial Corp reduced its stake in ExxonMobil by 1.4%, selling 30,772 shares and now owning 2,161,324 shares (about 0.05%) valued at approximately $260.1 million.
• ExxonMobil beat Q1 expectations, reporting adjusted EPS of $1.16 versus a $0.98 consensus and revenue of $83.16 billion, and holds a MarketBeat consensus rating of "Moderate Buy" with a $161.70 target.
• The company announced a quarterly dividend of $1.03 per share (annualized $4.12, yield 2.7%), payable June 10 with an ex-dividend and record date of May 15.

Truist Financial Corp lessened its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,161,324 shares of the oil and gas company's stock after selling 30,772 shares during the quarter. Truist Financial Corp owned about 0.05% of ExxonMobil worth $260,094,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil during the 4th quarter valued at about $27,000. Key Capital Management INC purchased a new position in shares of ExxonMobil during the 4th quarter valued at about $28,000. Westfuller Advisors LLC purchased a new position in shares of ExxonMobil during the 3rd quarter valued at about $30,000. Nvest Wealth Strategies Inc. purchased a new position in shares of ExxonMobil during the 4th quarter valued at about $32,000. Finally, DecisionPoint Financial LLC raised its holdings in shares of ExxonMobil by 968.0% during 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 in the last quarter. Institutional investors own 61.80% of the company's stock.

ExxonMobil Price Performance

XOM opened at $153.80 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The stock has a market capitalization of $639.29 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. The stock's 50 day moving average price is $154.98 and its 200-day moving average price is $135.25.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to analysts' expectations of $81.13 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. The business's revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that ExxonMobil Corporation will post 11.18 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders 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 2.7%. ExxonMobil's payout ratio is 69.48%.

Insider Activity

In other news, VP Darrin L. Talley sold 3,230 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares of the company's stock, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 6,460 shares of company stock worth $989,104 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price target on ExxonMobil from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 9th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $155.00 price target on shares of ExxonMobil in a research note on Wednesday, February 4th. Jefferies Financial Group lifted their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a research note on Thursday, April 9th. Citigroup lifted their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, April 2nd. Finally, Bank of America lifted their price target on ExxonMobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil has a consensus rating of "Moderate Buy" and a consensus target price of $161.70.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 earnings beat — Exxon reported adjusted EPS of $1.16, roughly a 15% beat versus consensus and revenue above expectations, signaling resilient downstream and integrated operations and supporting today’s upside in the shares. ExxonMobil Crushes Q1 2026 EPS Estimates by 15% — Here’s What Investors Need to Know
• Positive Sentiment: Tighter supply dynamics — reporting that the U.S. has shipped large volumes abroad while inventories decline and fuel prices rise supports higher crude/refining margins, a tailwind for Exxon’s integrated model. US Ships 250 Million Barrels As Oil Shock Tests Export Limits
• Positive Sentiment: Investor narrative favors cash returns — coverage highlighting Big Oil’s transformation into disciplined, shareholder-friendly cash machines reinforces the view that Exxon can sustain buybacks/dividends, supporting valuation multiple. Big Oil Has Transformed Into Shareholder-Friendly Cash Machines, Says CNBC's Halftime Report
• Neutral Sentiment: Potential Venezuela re-entry — Exxon is evaluating renewed opportunities in Venezuela after regulatory shifts; this could add long-term resource upside but is uncertain and politically sensitive. Exxon Mobil Weighs Venezuela Return As Valuation Signals Potential Upside
• Negative Sentiment: GAAP/profitability nuances — some outlets flag large year-over-year profit declines (driven by timing, derivatives and regional disruption impacts), which could temper enthusiasm if investors focus on headline GAAP volatility. Exxon, Chevron Profits Fall 46%, 37% Despite Oil Price Surge

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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