Stock Yards Bank & Trust Co. Sells 9,224 Shares of ExxonMobil Corporation $XOM

Stock Yards Bank & Trust Co. cut its stake in ExxonMobil Corporation (NYSE:XOM) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,131 shares of the oil and gas company’s stock after selling 9,224 shares during the quarter. ExxonMobil makes up approximately 1.2% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 23rd largest holding. Stock Yards Bank & Trust Co.’s holdings in ExxonMobil were worth $39,723,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. CHICAGO TRUST Co NA grew its stake in ExxonMobil by 5.2% in the 1st quarter. CHICAGO TRUST Co NA now owns 62,900 shares of the oil and gas company’s stock valued at $10,672,000 after buying an additional 3,107 shares during the last quarter. Cassia Capital Partners LLC lifted its position in ExxonMobil by 2.7% during the first quarter. Cassia Capital Partners LLC now owns 12,416 shares of the oil and gas company’s stock worth $2,106,000 after acquiring an additional 330 shares during the last quarter. RKL Wealth Management LLC increased its stake in shares of ExxonMobil by 9.2% during the first quarter. RKL Wealth Management LLC now owns 22,945 shares of the oil and gas company’s stock worth $3,893,000 after purchasing an additional 1,939 shares during the period. James Investment Research Inc. increased its stake in shares of ExxonMobil by 17.5% during the first quarter. James Investment Research Inc. now owns 33,766 shares of the oil and gas company’s stock worth $5,729,000 after purchasing an additional 5,033 shares during the period. Finally, Vertrix Wealth Management LLC acquired a new stake in ExxonMobil during the 1st quarter worth approximately $634,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy reached a key milestone in their Cyprus offshore gas project, with a Declaration of Marketability helping advance the Glaucus and Pegasus fields toward development. That supports Exxon’s long-term growth pipeline. XOM, QatarEnergy Reach Milestone in Cyprus Offshore Gas Development
• Positive Sentiment: TD Cowen kept a buy rating on ExxonMobil while lowering its price target to $155 from $172, which still implies upside from current levels and suggests Wall Street remains constructive on the stock.
• Positive Sentiment: A Seeking Alpha piece upgraded ExxonMobil, arguing the valuation is attractive and that the company has overlooked market opportunities. That reinforces the view that XOM may have room to rerate. ExxonMobil: I’m Re-Entering As Valuation Is Attractive With Overlooked Market Opportunities (Rating Upgrade)
• Neutral Sentiment: Exxon completed its legal redomicile from New Jersey to Texas and also won a Supreme Court ruling that revives an old lawsuit, removing some uncertainty but not directly changing the operating outlook. Exxon (XOM) flashes key signals on New Jersey exit
• Neutral Sentiment: Analyst and media coverage noted that Exxon can still grow production even with oil below $70, and a bullish market note said the company could outperform if cash flow remains strong. These are supportive but largely restate Exxon’s resilience. Can ExxonMobil’s Upstream Business Thrive With Oil Below $70?
• Negative Sentiment: President Trump is pressuring Big Oil to lower gasoline prices ahead of the midterm elections, which could increase political scrutiny on ExxonMobil and the broader sector if margin pressure follows. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Wall Street Analyst Weigh In

A number of 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 report on Friday, April 17th. UBS Group boosted their target price 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. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Wells Fargo & Company increased their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.70.

ExxonMobil Price Performance

ExxonMobil stock opened at $137.03 on Monday. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a fifty day moving average of $147.37 and a 200-day moving average of $144.79. The stock has a market capitalization of $567.99 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results 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. The company had revenue of $83.16 billion for 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%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 EPS. On average, sell-side analysts expect that ExxonMobil Corporation will post 11.9 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

ExxonMobil Company 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.