Confluence Wealth Services Inc. Cuts Stake in ExxonMobil Corporation $XOM

Confluence Wealth Services Inc. reduced its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,077 shares of the oil and gas company’s stock after selling 4,569 shares during the period. Confluence Wealth Services Inc.’s holdings in ExxonMobil were worth $12,525,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in XOM. Franklin Resources Inc. increased its stake in ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after buying an additional 2,546,791 shares during the period. AQR Capital Management LLC increased its stake in ExxonMobil by 105.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock worth $329,797,000 after buying an additional 1,501,235 shares during the period. Bessemer Group Inc. increased its stake in ExxonMobil by 119.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after buying an additional 1,454,308 shares during the period. Finally, Legal & General Group Plc increased its stake in ExxonMobil by 4.5% during the 3rd quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock worth $2,299,687,000 after buying an additional 886,087 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $148.90 on Friday. The firm has a market capitalization of $618.89 billion, a P/E ratio of 22.26, a P/E/G ratio of 0.76 and a beta of 0.29. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $154.75 and its two-hundred day moving average is $133.99.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. Research analysts forecast that ExxonMobil Corporation will post 9.94 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, February 12th. ExxonMobil’s dividend payout ratio is currently 61.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XOM shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 target price on shares of ExxonMobil in a research note on Wednesday, February 4th. Scotiabank raised their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday. Barclays raised their target price on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Finally, Citigroup raised their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.55.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon and QatarEnergy shipped the first LNG cargo from the Golden Pass export terminal — a commercial milestone that supports longer‑term gas export volumes and cash flow potential. Exxon, QatarEnergy ship first LNG cargo from Golden Pass export terminal
• Positive Sentiment: XOM awarded Saipem a $150M contract for engineering and procurement on the Guyana Longtail development — progress on Guyana projects supports production growth guidance and project de‑risking. ExxonMobil Awards Saipem $150M Contract for Longtail Development
• Positive Sentiment: Short interest fell sharply in April (down ~19% vs. March) to ~43M shares, reducing a potential short squeeze risk and signalling some bearish positions were closed. Source: short interest release
• Positive Sentiment: Zacks upgraded Exxon from “hold” to “strong-buy,” which can attract buy-side interest and retail flows following the upgrade. Zacks upgrade coverage
• Positive Sentiment: Analyst commentary highlights production gains and the company’s low‑carbon/clean energy initiatives, reinforcing longer‑term upside narratives after a strong YTD rally. Zacks Analyst Blog on ExxonMobil
• Neutral Sentiment: Reports say Exxon is weighing a sale of its Esso retail network in Hong Kong as it refocuses capital in Asia — proceeds could be redeployed to higher‑return projects, but the move is a strategic reshuffle rather than an immediate EPS driver. Exxon Mobil Weighs Hong Kong Esso Sale And Refocuses Capital Priorities
• Neutral Sentiment: Exxon is raising plastics prices amid sector supply disruptions — supports near‑term margins in chemicals but exposure is mixed given cyclical demand. This Is Why Exxon Mobil Is Hiking Plastics Prices
• Neutral Sentiment: Options/income‑strategy writeups promote yield plays on XOM stock — may increase retail option activity but are not a fundamental earnings driver. Turn Exxon Mobil Stock into an Income Machine with This Options Play
• Negative Sentiment: Zacks preview notes analysts expect a decline in upcoming EPS, suggesting Exxon lacks the mix for a likely earnings beat — weak near‑term results would pressure the stock. Analysts Estimate Exxon Mobil to Report a Decline in Earnings
• Negative Sentiment: Coverage noting that the long oil trade is cooling and XOM/CVX have pulled back after big YTD gains — sentiment rotation and profit‑taking are weighing on shares. Exxon and Chevron Up 20%+ YTD – Why the Long Oil Trade Is Stalling Out

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 11,460 shares of company stock valued at $1,687,854 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.