Diamant Asset Management Inc. Acquires 2,171,322 Shares of ExxonMobil Corporation $XOM

Diamant Asset Management Inc. raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 17,312.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,183,864 shares of the oil and gas company’s stock after acquiring an additional 2,171,322 shares during the quarter. ExxonMobil accounts for approximately 1.2% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 17th largest holding. Diamant Asset Management Inc.’s holdings in ExxonMobil were worth $370,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cardinal Strategic Wealth Guidance lifted its position in 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 during the last quarter. ICW Investment Advisors LLC lifted its holdings in shares of ExxonMobil by 0.3% during the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after acquiring an additional 69 shares during the last quarter. Swisher Financial Concepts Inc. grew its position 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 acquiring an additional 69 shares in the last quarter. Fortis Capital Management LLC grew its position in ExxonMobil by 2.0% in the fourth quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock worth $434,000 after acquiring an additional 70 shares in the last quarter. Finally, Peoples Bank OH increased its stake in ExxonMobil by 0.5% in the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. UBS Group increased their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. TD Cowen restated a “buy” rating on shares of ExxonMobil in a research report on Monday, June 15th. Finally, Barclays upped their target price on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average target price of $165.55.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy advanced their Cyprus gas export plans, with recent reports saying the gas discoveries were declared marketable and could begin flowing by 2033. That supports the company’s long-term growth story and adds optionality to its international natural gas portfolio. ExxonMobil (XOM) Advances Cyprus Gas Export Plan With QatarEnergy
• Positive Sentiment: Erste Group Bank raised its earnings estimates for ExxonMobil for FY2026 and FY2027, signaling confidence in the company’s profitability despite near-term oil price normalization.
• Positive Sentiment: Several commentary pieces highlighted ExxonMobil as a reliable dividend and income stock, reinforcing its appeal for investors seeking stability and cash returns. This 3% Yielding Energy Stock Has Hiked Its Dividend for 43 Straight Years. Here’s Why I’d Buy It Without Hesitation Right Now.
• Neutral Sentiment: Technical analysts said XOM has pulled back toward its 200-day moving average and could bounce from support, which suggests traders are watching for a potential near-term stabilization rather than a major catalyst. Signal: Exxon Mobil Stock Could Soon Bounce Off Support
• Negative Sentiment: Energy stocks broadly moved lower as oil prices weakened, and one report noted that oil’s four-month low created a fresh headwind for ExxonMobil and peers. That macro backdrop is likely weighing on sentiment for XOM today. Oil’s 4-month low hands Exxon, Chevron a fresh problem

ExxonMobil Stock Performance

NYSE XOM opened at $136.27 on Thursday. The company has a 50-day simple moving average of $147.85 and a two-hundred day simple moving average of $144.52. 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 12-month low of $105.53 and a 12-month high of $176.41. The firm has a market cap of $564.83 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.58 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.76 earnings per share. On average, equities analysts forecast that ExxonMobil Corporation will post 11.9 EPS for the current year.

ExxonMobil Announces Dividend

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

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.