Jennison Associates LLC Increases Stake in ExxonMobil Corporation $XOM

Jennison Associates LLC increased its stake in ExxonMobil Corporation (NYSE:XOM) by 16.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,202,981 shares of the oil and gas company’s stock after acquiring an additional 169,080 shares during the period. Jennison Associates LLC’s holdings in ExxonMobil were worth $204,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Impact Partnership Wealth LLC grew its holdings in shares of ExxonMobil by 0.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after acquiring an additional 67 shares during the period. Cardinal Strategic Wealth Guidance boosted its position in shares of ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after purchasing an additional 68 shares in the last quarter. ICW Investment Advisors LLC boosted its position in shares of ExxonMobil by 0.3% during the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after purchasing an additional 69 shares in the last quarter. Swisher Financial Concepts Inc. grew its stake in ExxonMobil by 0.3% in the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after purchasing an additional 69 shares during the period. Finally, Brown Shipley& Co Ltd grew its stake in ExxonMobil by 5.4% in the first quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 69 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is scheduled to report second-quarter 2026 results on July 31, keeping investor attention on potential earnings and guidance updates. The report could reinforce the company’s cash-flow strength and dividend support. ExxonMobil to Release Second Quarter 2026 Financial Results
• Positive Sentiment: Recent commentary has highlighted ExxonMobil as one of the energy names positioned to benefit from rising energy demand and stronger oil market conditions, which can improve upstream earnings and free cash flow. These 3 Energy Stocks Could Outpace the Market in the Next 12 Months
• Positive Sentiment: Oil-linked funds and stock coverage have pointed to a sharp Brent crude rebound, which generally supports integrated oil companies like ExxonMobil by improving realizations and sentiment across the sector. This ‘Cash Cow’ ETF’s Energy Bet Just Paid Off as Brent Spiked 14% in Five Days
• Positive Sentiment: Analyst and media coverage continues to feature ExxonMobil’s energy portfolio favorably, suggesting Wall Street remains constructive on the company’s long-term fundamentals. The Zacks Analyst Blog Highlights Apple, JPMorgan Chase, ExxonMobil, Smith-Midland and Coffee Holding
• Neutral Sentiment: Several market recap items noted that ExxonMobil outperformed the broader market in the latest session, but these were mostly performance summaries rather than new company-specific catalysts. Exxon Mobil Holdings (XOM) Outperforms Broader Market: What You Need to Know
• Neutral Sentiment: ExxonMobil also appeared in lists of oil stocks to watch and analyst prediction roundups, which may support ongoing investor interest but did not include a major fresh catalyst. Promising Oil Stocks To Keep An Eye On – July 18th
• Negative Sentiment: No major negative company-specific developments were highlighted in the recent articles, so the stock’s move appears more tied to sector momentum and earnings anticipation than to any fresh setback for ExxonMobil.

ExxonMobil Price Performance

Shares of XOM opened at $151.53 on Wednesday. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a market capitalization of $628.10 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. The firm has a 50 day moving average of $145.78 and a 200 day moving average of $146.90. 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 (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, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the prior year, the firm posted $1.76 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 11.38 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Barclays upped their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein cut their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.45.

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.