ExxonMobil Corporation $XOM Stock Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,375,862 shares of the oil and gas company’s stock after selling 8,461 shares during the quarter. ExxonMobil comprises 0.6% of Retirement Systems of Alabama’s portfolio, making the stock its 25th largest position. Retirement Systems of Alabama’s holdings in ExxonMobil were worth $223,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in XOM. NBT Bank N.A. bought a new position in ExxonMobil during the 3rd quarter worth $26,000. Aventus Investment Advisors Inc. acquired a new stake in ExxonMobil in the second quarter worth $27,000. Atlantic Private Wealth LLC lifted its stake in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 202 shares during the last quarter. Pioneer Family Office LLC bought a new stake in ExxonMobil in the third quarter valued at $42,000. Finally, Financial Connections Group Inc. bought a new stake in ExxonMobil in the first quarter valued at $53,000. Institutional investors own 61.80% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signed a preliminary agreement with Venezuela to evaluate oil opportunities, creating a possible avenue for future growth. The agreement is preliminary, so any commercial impact remains uncertain. Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities
• Positive Sentiment: An investor on CNBC’s “Final Trades” selected ExxonMobil, offering a modest positive endorsement, though such picks are not a major fundamental catalyst. CNBC Final Trades
• Neutral Sentiment: A bullish investment thesis argues Exxon is better positioned than the energy-sector ETF XLE after the U.S. election; the headline provides no specific new company catalyst. ExxonMobil Is Better Positioned Than XLE Post-Election
• Neutral Sentiment: Coverage says Exxon’s 2026 gains have been supported by oil above $100 and strong refining margins. Those conditions bolster results, but the stock’s substantial run-up may leave it sensitive to changes in commodity prices. ExxonMobil Is Up 38% in 2026 and Chevron Is Up 39%
• Neutral Sentiment: An analyst raised Exxon’s price target to $162. The change is a positive revision, but the target offers limited upside relative to the $164.81 price in the supplied market data. ExxonMobil Price Target Raised to $162.00
• Negative Sentiment: Exxon paused work on its planned Texas hydrogen facility amid slow progress on hydrogen hubs, uncertain federal funding, and weak customer demand. The delay raises questions about the pace of its lower-carbon business plans. ExxonMobil Pauses Work On Its Texas Hydrogen Facility
• Negative Sentiment: Commentary cautions that oil prices are volatile and could fall, putting pressure on energy stocks trading near record highs. A pullback could weaken the commodity-driven support for Exxon’s shares. Exxon and Chevron Are Near Record Highs

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. HSBC restated a “hold” rating and set a $90.00 price target on shares of ExxonMobil in a research report on Friday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. TD Cowen boosted their target price on shares of ExxonMobil from $180.00 to $193.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Finally, Jefferies Financial Group upped their target price on shares of ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.38.

ExxonMobil Stock Down 0.6%

Shares of ExxonMobil stock opened at $164.81 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. ExxonMobil Corporation has a 1-year low of $114.19 and a 1-year high of $188.50. The business’s fifty day moving average price is $168.99 and its two-hundred day moving average price is $155.57. The company has a market capitalization of $672.29 billion, a P/E ratio of 16.94, a PEG ratio of 0.83 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.11. The company had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same quarter in the prior year, the business posted $1.88 earnings per share. As a group, research analysts forecast that ExxonMobil Corporation will post 13.34 EPS for the current year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 42.34%.

ExxonMobil Company Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.