KBC Group NV Buys 259,423 Shares of ExxonMobil Corporation $XOM

KBC Group NV grew its stake in ExxonMobil Corporation (NYSE:XOM) by 60.0% in the first quarter, HoldingsChannel.com reports. The fund owned 691,615 shares of the oil and gas company’s stock after acquiring an additional 259,423 shares during the period. KBC Group NV’s holdings in ExxonMobil were worth $117,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in ExxonMobil in the fourth quarter worth $7,625,063,000. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil in the 1st quarter valued at $965,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ExxonMobil by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock valued at $1,925,119,000 after buying an additional 2,465,410 shares in the last quarter. Van ECK Associates Corp increased its position in shares of ExxonMobil by 334.4% in the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock valued at $368,541,000 after buying an additional 2,357,467 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its stake in ExxonMobil by 17,312.4% during the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock worth $370,514,000 after buying an additional 2,171,322 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 1.9%

ExxonMobil stock opened at $154.52 on Thursday. The company has a market cap of $640.47 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 0.63 and a beta of 0.17. The firm has a 50-day moving average of $145.84 and a 200-day moving average of $147.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41.

ExxonMobil (NYSE:XOM) last released its 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. 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 analyst estimates of $81.13 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio is currently 69.48%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising oil prices tied to Middle East geopolitical तनाव are improving sentiment for ExxonMobil because higher crude prices can boost upstream margins and earnings. Oil Prices Hit $95 a Barrel as Rubio Says Iran ‘Not Serious’ About Talks
• Positive Sentiment: ExxonMobil is trading near technical resistance ahead of earnings, with the stock gaining as investors position for a potentially strong Q2 report. ExxonMobil (XOM) Stock Approaches Key Resistance Ahead of Q2 Earnings Release
• Positive Sentiment: Analysts and market commentary expect ExxonMobil to post a much stronger second quarter, which could support the stock if results confirm the earnings rebound. Here’s What to Expect From ExxonMobil’s Next Earnings Report
• Neutral Sentiment: ExxonMobil has scheduled its second-quarter 2026 financial results for July 31, keeping attention focused on the upcoming catalyst rather than any new company-specific announcement. ExxonMobil to Release Second Quarter 2026 Financial Results

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Mizuho dropped their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. UBS Group lifted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Weiss Ratings cut shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.45.

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.