Exxon Mobil Corporation $XOM Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.6% in the 3rd quarter, Holdings Channel reports. The fund owned 485,281 shares of the oil and gas company’s stock after selling 18,074 shares during the period. Cullen Frost Bankers Inc.’s holdings in Exxon Mobil were worth $54,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after purchasing an additional 1,111,231 shares during the period. Geode Capital Management LLC increased its holdings in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after buying an additional 342,967 shares in the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil in the second quarter worth about $6,163,719,000. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after acquiring an additional 1,274,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after acquiring an additional 1,126,912 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: JPMorgan raised its price target on XOM by $9, providing a direct analyst-driven valuation bump that can support upside and investor confidence. Exxon Mobil (XOM) Price Target Raised by $9 at JPMorgan
• Positive Sentiment: DBS initiated/returned a Buy on XOM, adding another positive analyst endorsement that can drive flows into the stock. Exxon Mobil (XOM) Receives a Buy from DBS
• Positive Sentiment: Exxon broke ground on a Baytown refinery project to expand diesel and lubricant base-stock capacity — a capital allocation move that supports downstream margin expansion and longer-term earnings resilience. Exxon Mobil breaks ground on Baytown refinery project for diesel and lubricant base stocks
• Positive Sentiment: Zacks and other notes flag that Exxon has the mix of factors likely to produce an earnings beat in the upcoming quarterly release — expectations that tend to lift the stock into reporting. Exxon Mobil (XOM) Expected to Beat Earnings Estimates: Should You Buy?
• Neutral Sentiment: Exxon is scheduled to post quarterly results on Friday — the timing concentrates focus and volatility around the print. Exxon Mobil (XOM) Projected to Post Quarterly Earnings on Friday
• Neutral Sentiment: TV mentions (CNBC) and broader media coverage are giving XOM visibility; such coverage can amplify short-term flows but is not a fundamental driver. Kimberly Clark, S&P Global, Exxon Mobil And A Health Care Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Analysts remain mixed on energy names, with some preferring fee‑based midstream peers (EPD) for stability — a comparative view that can temper multiple expansion for major integrated oil names like Exxon. ExxonMobil vs. EPD: Which Energy Stock Boasts Better Prospects?
• Negative Sentiment: Macro/geopolitical noise and softer crude prices remain risk factors; market skittishness from macro headlines can pressure energy equities despite company-level positives. Energy Stocks Steady Amid Macro Chaos; Sunday Night Earnings Surprise Ahead
• Negative Sentiment: Some analyst pieces highlight that softer oil (near $60) still exposes Exxon’s upstream results; weaker commodity realizations could cap near‑term upside. How Exxon Mobil’s Integrated Strengths Offset Crude Price Weakness

Exxon Mobil Price Performance

Exxon Mobil stock opened at $134.93 on Monday. The company has a fifty day simple moving average of $120.74 and a 200-day simple moving average of $115.29. The firm has a market capitalization of $569.03 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 8.62 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $135.98.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. The firm had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Exxon Mobil’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XOM. Barclays upped their price target on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Finally, Citigroup increased their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.84.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil 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.