Garner Asset Management Corp Reduces Stock Holdings in ExxonMobil Corporation $XOM

Garner Asset Management Corp lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 43.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,547 shares of the oil and gas company’s stock after selling 4,942 shares during the quarter. Garner Asset Management Corp’s holdings in ExxonMobil were worth $788,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. McIlrath & Eck LLC raised its holdings in ExxonMobil by 1.7% in the 4th quarter. McIlrath & Eck LLC now owns 5,962 shares of the oil and gas company’s stock worth $717,000 after purchasing an additional 102 shares in the last quarter. Boothe Investment Group Inc. boosted its stake in shares of ExxonMobil by 1.3% during the 4th quarter. Boothe Investment Group Inc. now owns 20,087 shares of the oil and gas company’s stock valued at $2,417,000 after purchasing an additional 254 shares in the last quarter. Morse Asset Management Inc boosted its stake in shares of ExxonMobil by 40.3% during the 4th quarter. Morse Asset Management Inc now owns 42,855 shares of the oil and gas company’s stock valued at $5,157,000 after purchasing an additional 12,314 shares in the last quarter. Christine Messmer PC purchased a new position in shares of ExxonMobil during the fourth quarter valued at about $1,926,000. Finally, Alta Wealth Advisors LLC raised its stake in ExxonMobil by 7.1% in the fourth quarter. Alta Wealth Advisors LLC now owns 6,138 shares of the oil and gas company’s stock worth $739,000 after buying an additional 407 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on XOM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExxonMobil in a research report on Friday, April 10th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Bank of America raised their target price on ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. UBS Group lifted their price target on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group increased their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $161.70.

Insider Transactions at ExxonMobil

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 6,460 shares of company stock valued at $989,104 over the last three months. 0.03% of the stock is currently owned by insiders.

ExxonMobil Trading Down 3.9%

NYSE XOM opened at $148.77 on Thursday. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The stock has a market cap of $616.66 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.69 and a beta of 0.19. The stock’s fifty day moving average price is $155.10 and its 200-day moving average price is $135.82. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS. As a group, equities analysts forecast that ExxonMobil Corporation will post 11.19 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s payout ratio is 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 results, continued large buybacks and a reaffirmed dividend support cash returns and shareholder yield, providing a fundamental cushion for the stock. Exxon’s Earnings Beat, Buybacks, and Governance Fight Might Change The Case For Investing In Exxon Mobil (XOM)
• Positive Sentiment: Meeting with President Trump and Chevron about Venezuela could signal potential policy or commercial opportunities to access Venezuelan oil reserves — a medium-term upside if it leads to sanctioned-asset access or U.S.-friendly arrangements. Trump met with Chevron and ExxonMobil on Tuesday to discuss Venezuela
• Positive Sentiment: Exxon’s use of AI to analyze Guyana seismic data faster could accelerate development timelines and lower exploration costs, supporting future production and margins. Exxon using AI for faster analysis of Guyana’s oil fields, VP of exploration says
• Neutral Sentiment: Analyst coverage and price-target updates (e.g., RBC reiteration with a $180 target) keep upside narratives alive but don’t immediately change fundamentals. Benzinga
• Neutral Sentiment: Several bullish price-target pieces suggest milestones up to ~$197, reflecting bullish valuation cases if oil stays strong; these are market views rather than new company actions. Exxon Mobil’s Next Big Milestone Could Be $197
• Negative Sentiment: Shares are down amid broader sector weakness as markets price in an end to the Iran-related conflict — lower geopolitical risk reduces oil-price risk premia and compresses near-term revenue expectations for majors. Exxon, Chevron, Other Oil Stocks Sink as Market Bets Iran War Will End
• Negative Sentiment: Corporate-governance friction (redomicile to Texas and retail-voting design) and growing shareholder activism add governance uncertainty that can weigh on sentiment despite strong cash returns. Exxon’s Earnings Beat, Buybacks, and Governance Fight Might Change The Case For Investing In Exxon Mobil (XOM)

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.