Cullen Frost Bankers Inc. Decreases Stock Holdings in ExxonMobil Corporation $XOM

Cullen Frost Bankers Inc. lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 470,601 shares of the oil and gas company’s stock after selling 14,680 shares during the period. Cullen Frost Bankers Inc.’s holdings in ExxonMobil were worth $56,632,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC raised its position in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in ExxonMobil during the first quarter worth about $305,000. Sivia Capital Partners LLC raised its position in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the last quarter. United Bank raised its position in ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after acquiring an additional 5,443 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Jefferies Financial Group boosted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price objective on shares of ExxonMobil in a research report on Wednesday, February 4th. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Scotiabank upped their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.95.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is being viewed as a buy by a recent market commentary that compares it favorably with Chevron, reinforcing the case for the stock as a dividend and value name in a volatile oil market. Chevron at $196, ExxonMobil at $160: Buy, Sell or Hold?
• Positive Sentiment: Higher oil prices are supporting ExxonMobil sentiment, with multiple articles pointing to crude strength as a tailwind for the company’s upstream and overall earnings outlook. ExxonMobil Stock Analysis: Buy or Sell?
• Positive Sentiment: A Texas jury cleared ExxonMobil of investor fraud claims, removing a legal risk and improving the company’s investment case while crude prices also rose on Middle East tensions. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Neutral Sentiment: Analysts at Erste Group Bank trimmed their 2026 EPS estimate slightly to $10.12 from $10.20, but the revised forecast remains below the broader consensus of $11.50, so the note is only a modest headwind.
• Neutral Sentiment: Other recent mentions were mainly informational, including investor attention and comparisons with other energy stocks, without a clear new catalyst for ExxonMobil’s fundamentals. Exxon Mobil Corporation (XOM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Opinion coverage highlighted pushback from proxy advisers and New York City over Exxon’s move to Texas, which could create governance-related noise, though this is more of a headline risk than a direct earnings issue. Opinion | The Proxy Advisers Strike Back

ExxonMobil Price Performance

XOM opened at $162.71 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The company has a 50 day moving average of $155.46 and a two-hundred day moving average of $138.25. The company has a market cap of $674.42 billion, a P/E ratio of 27.44, a P/E/G ratio of 0.70 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data 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. 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 the consensus estimate of $81.13 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s dividend payout ratio is 69.48%.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.