CENTRAL TRUST Co Lowers Stake in ExxonMobil Corporation $XOM

CENTRAL TRUST Co lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,679 shares of the oil and gas company’s stock after selling 5,612 shares during the period. ExxonMobil makes up about 1.0% of CENTRAL TRUST Co’s investment portfolio, making the stock its 25th largest holding. CENTRAL TRUST Co’s holdings in ExxonMobil were worth $49,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Integrated Capital Management LLC purchased a new stake in ExxonMobil during the 1st quarter valued at about $240,000. Burns J W & Co. Inc. NY raised its holdings in shares of ExxonMobil by 1.1% during the first quarter. Burns J W & Co. Inc. NY now owns 34,768 shares of the oil and gas company’s stock valued at $5,899,000 after purchasing an additional 395 shares during the last quarter. EdgeRock Capital LLC raised its holdings in shares of ExxonMobil by 6.6% during the first quarter. EdgeRock Capital LLC now owns 5,268 shares of the oil and gas company’s stock valued at $894,000 after purchasing an additional 325 shares during the last quarter. Cora Capital Advisors LLC lifted its position in ExxonMobil by 6.8% during the first quarter. Cora Capital Advisors LLC now owns 10,106 shares of the oil and gas company’s stock valued at $1,715,000 after purchasing an additional 640 shares during the period. Finally, Cidel Asset Management Inc. lifted its position in ExxonMobil by 15.1% during the first quarter. Cidel Asset Management Inc. now owns 55,452 shares of the oil and gas company’s stock valued at $9,408,000 after purchasing an additional 7,258 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil News Summary

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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Citigroup increased their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research note on Monday, June 15th. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday, June 16th. Jefferies Financial Group upped their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Finally, BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.70.

ExxonMobil Price Performance

Shares of XOM stock opened at $136.41 on Friday. The stock has a 50 day moving average price of $148.59 and a 200 day moving average price of $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. 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 $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share 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 company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

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.