Wallington Asset Management LLC Has $14.95 Million Stock Position in ExxonMobil Corporation $XOM

Wallington Asset Management LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 4.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 88,113 shares of the oil and gas company’s stock after selling 4,474 shares during the period. ExxonMobil makes up 2.0% of Wallington Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Wallington Asset Management LLC’s holdings in ExxonMobil were worth $14,949,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in ExxonMobil by 456.1% during the 4th 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 during the period. Key Capital Management INC acquired a new stake in ExxonMobil in the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of ExxonMobil during the fourth quarter worth about $32,000. 61.80% of the stock is owned by institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy advanced their Cyprus gas export plans, with recent reports saying the gas discoveries were declared marketable and could begin flowing by 2033. That supports the company’s long-term growth story and adds optionality to its international natural gas portfolio. ExxonMobil (XOM) Advances Cyprus Gas Export Plan With QatarEnergy
• Positive Sentiment: Erste Group Bank raised its earnings estimates for ExxonMobil for FY2026 and FY2027, signaling confidence in the company’s profitability despite near-term oil price normalization.
• Positive Sentiment: Several commentary pieces highlighted ExxonMobil as a reliable dividend and income stock, reinforcing its appeal for investors seeking stability and cash returns. This 3% Yielding Energy Stock Has Hiked Its Dividend for 43 Straight Years. Here’s Why I’d Buy It Without Hesitation Right Now.
• Neutral Sentiment: Technical analysts said XOM has pulled back toward its 200-day moving average and could bounce from support, which suggests traders are watching for a potential near-term stabilization rather than a major catalyst. Signal: Exxon Mobil Stock Could Soon Bounce Off Support
• Negative Sentiment: Energy stocks broadly moved lower as oil prices weakened, and one report noted that oil’s four-month low created a fresh headwind for ExxonMobil and peers. That macro backdrop is likely weighing on sentiment for XOM today. Oil’s 4-month low hands Exxon, Chevron a fresh problem

ExxonMobil Trading Down 0.3%

NYSE XOM opened at $136.27 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a 50 day simple moving average of $147.85 and a two-hundred day simple moving average of $144.52. The stock has a market cap of $564.83 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share 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 business 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 posted $1.76 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that ExxonMobil Corporation will post 11.9 earnings per share for the current year.

ExxonMobil Announces Dividend

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

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of ExxonMobil in a research note on Monday, June 15th. Weiss Ratings lowered shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Barclays increased their price objective on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.