Cannell & Spears LLC Sells 13,368 Shares of ExxonMobil Corporation $XOM

Cannell & Spears LLC cut its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,267 shares of the oil and gas company’s stock after selling 13,368 shares during the period. Cannell & Spears LLC’s holdings in ExxonMobil were worth $27,208,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XOM. Dai ichi Life Insurance Company Ltd increased its holdings in ExxonMobil by 0.9% in the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 310,792 shares of the oil and gas company’s stock worth $52,729,000 after acquiring an additional 2,757 shares in the last quarter. Renaissance Technologies LLC purchased a new position in ExxonMobil during the first quarter valued at approximately $266,000. Bollard Group LLC boosted its position in shares of ExxonMobil by 0.7% in the first quarter. Bollard Group LLC now owns 31,014 shares of the oil and gas company’s stock worth $5,262,000 after purchasing an additional 201 shares during the period. Rockbridge Investment Management LCC boosted its position in shares of ExxonMobil by 4.4% in the first quarter. Rockbridge Investment Management LCC now owns 6,372 shares of the oil and gas company’s stock worth $1,081,000 after purchasing an additional 271 shares during the period. Finally, Pennington Partners & CO. LLC increased its stake in shares of ExxonMobil by 36.6% in the first quarter. Pennington Partners & CO. LLC now owns 2,518 shares of the oil and gas company’s stock worth $427,000 after purchasing an additional 674 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on XOM shares. Morgan Stanley decreased their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Jefferies Financial Group upped their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. UBS Group increased their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday, June 16th. Finally, Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.25.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil prices jumped sharply after renewed geopolitical tension tied to Iran, improving the outlook for ExxonMobil’s upstream earnings and cash flow. The Iran War Isn’t Stopping and What That Means for Chevron and Exxon Mobil
• Positive Sentiment: Recent articles highlight ExxonMobil’s strong 2026 stock performance and technical breakout potential, which can attract momentum-focused investors. ExxonMobil shares approach a possible key breakout as technical indicators align bullishly
• Neutral Sentiment: Analysts expect ExxonMobil to report higher earnings next week, but one preview notes the setup may not be ideal for a clear earnings beat, keeping expectations mixed. Exxon Mobil Holdings (XOM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Several pieces point to continued investor interest in ExxonMobil from dividend and energy-focused funds, but these are more supportive of sentiment than immediate stock-moving catalysts. Madison Dividend Income Fund is Bullish on ExxonMobil Holdings Corporation (XOM)

ExxonMobil Trading Down 0.0%

ExxonMobil stock opened at $156.88 on Monday. The stock has a market cap of $650.28 billion, a P/E ratio of 26.46, a PEG ratio of 0.64 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The firm’s 50 day moving average price is $145.91 and its 200-day moving average price is $147.60.

ExxonMobil (NYSE:XOM) last issued its earnings results 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. The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, equities analysts predict that ExxonMobil Corporation will post 11.55 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s payout ratio is presently 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.