Valpey Financial Services LLC Purchases 472,475 Shares of ExxonMobil Corporation $XOM

Key Points

• Valpey Financial Services LLC dramatically increased its ExxonMobil stake in the fourth quarter, buying 472,475 additional shares and lifting its total holding to 476,400 shares worth about $57.3 million.
• ExxonMobil reported better-than-expected first-quarter earnings, with EPS of $1.16 versus estimates of $0.98 and revenue of $83.16 billion, though profit was still below the prior year’s level.
• The company’s outlook remains supported by positive analyst and industry commentary, including higher oil price forecasts and target boosts, while Exxon also continues to pay a quarterly dividend of $1.03 per share.

Valpey Financial Services LLC lifted its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 12,037.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 476,400 shares of the oil and gas company's stock after buying an additional 472,475 shares during the period. Valpey Financial Services LLC's holdings in ExxonMobil were worth $57,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after buying an additional 187 shares in the last quarter. Key Capital Management INC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $32,000. Institutional investors own 61.80% of the company's stock.

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More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon’s outlook is being boosted by elevated oil prices and supply concerns tied to Middle East tensions, with Reuters and market commentary suggesting the company could continue outperforming if energy prices stay firm. Prediction: ExxonMobil Will Outperform the S&P 500 in 2026
• Positive Sentiment: Mizuho raised its 2026 and 2027 oil price forecasts and increased its price target on XOM to $175 from $159, reinforcing a constructive view on ExxonMobil. Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target
• Positive Sentiment: Exxon shareholders approved the company’s move to reincorporate in Texas, a step investors viewed as more management-friendly and potentially beneficial for governance and long-term strategy. Exxon wins shareholder backing for legal move to Texas
• Positive Sentiment: Exxon is advancing its Haimara project in Guyana, adding to its growth pipeline in the highly important Stabroek block. ExxonMobil Seeks Guyana EPA Clearance for Ninth Stabroek Development
• Neutral Sentiment: Exxon’s presentation at Bernstein’s Strategic Decisions Conference adds little immediate catalyst, but it may have offered updates on strategy and capital plans. Exxon Mobil Corporation (XOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: Zacks Research downgraded ExxonMobil from “strong-buy” to “hold,” which may temper near-term enthusiasm even as the broader oil backdrop remains supportive. Zacks.com

ExxonMobil Stock Down 0.4%

Shares of XOM stock opened at $147.37 on Friday. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The stock has a market cap of $610.86 billion, a P/E ratio of 24.85, a P/E/G ratio of 0.65 and a beta of 0.19. 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 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 announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion during the quarter, compared to analysts' expectations of $81.13 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The firm's revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XOM shares. Mizuho upped their target price on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a report on Monday, May 4th. Citigroup boosted their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. Finally, Bank of America boosted their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a "neutral" rating in a report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, ExxonMobil presently has an average rating of "Hold" and an average target price of $165.55.

Insider Activity

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

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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