ExxonMobil Corporation $XOM Holdings Raised by Cidel Asset Management Inc.

Cidel Asset Management Inc. increased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 15.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 55,452 shares of the oil and gas company’s stock after purchasing an additional 7,258 shares during the period. Cidel Asset Management Inc.’s holdings in ExxonMobil were worth $9,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Cache Advisors LLC bought a new position in shares of ExxonMobil in the 1st quarter worth about $934,000. Amarillo National Bank raised its position in ExxonMobil by 3.7% in the first quarter. Amarillo National Bank now owns 27,139 shares of the oil and gas company’s stock worth $4,604,000 after acquiring an additional 972 shares in the last quarter. Presilium Private Wealth LLC lifted its holdings in shares of ExxonMobil by 1.2% during the first quarter. Presilium Private Wealth LLC now owns 20,820 shares of the oil and gas company’s stock valued at $3,532,000 after purchasing an additional 245 shares during the last quarter. Vermillion Wealth Management Inc. lifted its position in shares of ExxonMobil by 9.9% in the 1st quarter. Vermillion Wealth Management Inc. now owns 3,719 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 335 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in ExxonMobil by 12.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 11,517 shares of the oil and gas company’s stock valued at $1,954,000 after acquiring an additional 1,320 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil received a legal boost when the Supreme Court revived its billion-dollar Cuba claim, which could support future recoveries if the case ultimately goes Exxon’s way.
• Positive Sentiment: ExxonMobil’s application to expand its footprint in Guyana points to continued investment in a key growth region, reinforcing the company’s long-term production potential.
• Positive Sentiment: Analyst and investor commentary continues to frame ExxonMobil as a dividend and value play, which may help limit downside among income-focused investors.
• Neutral Sentiment: Articles comparing ExxonMobil with Enterprise Products and discussing oil stocks broadly suggest investors are still weighing Exxon’s resilience against softer oil prices and midstream alternatives.
• Neutral Sentiment: Commentary on ExxonMobil’s long-term evolution and cash-flow valuation was generally constructive, but did not point to an immediate catalyst.
• Negative Sentiment: Crude oil dropped to its lowest level since the Iran conflict began, which pressured energy shares including ExxonMobil by reducing expected near-term upstream profits.
• Negative Sentiment: President Trump ordered a DOJ probe into ExxonMobil and other oil companies over elevated natural gas prices, creating headline risk and potential regulatory overhang.
• Negative Sentiment: Recent market coverage noted ExxonMobil had already pulled back over the past month, reflecting investor caution as energy prices and sector sentiment softened.

Analyst Ratings Changes

Several brokerages recently commented on XOM. HSBC lifted their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Friday, March 20th. Weiss Ratings cut shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Barclays upped their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.70.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $136.41 on Friday. 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’s 50-day moving average price is $148.59 and its 200-day moving average price is $143.96. The firm has a market capitalization of $565.43 billion, a P/E ratio of 23.00, a P/E/G ratio of 0.58 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $81.13 billion. During the same period in the prior year, the firm posted $1.76 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

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.