Bank of New York Mellon Corp Boosts Holdings in ExxonMobil Corporation $XOM

03 Jun 2026, 03:19 by Doug Wharley · The Cerbat Gem

Bank of New York Mellon Corp boosted its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,605,353 shares of the oil and gas company’s stock after buying an additional 531,362 shares during the period. ExxonMobil makes up approximately 1.0% of Bank of New York Mellon Corp’s portfolio, making the stock its 13th largest holding. Bank of New York Mellon Corp’s holdings in ExxonMobil were worth $5,608,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Norges Bank purchased a new position in ExxonMobil in the 4th quarter valued at $7,625,063,000. Franklin Resources Inc. boosted its position in shares of ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after purchasing an additional 2,546,791 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ExxonMobil by 105.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock worth $329,797,000 after purchasing an additional 1,501,235 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of ExxonMobil by 119.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Higher crude prices are supporting ExxonMobil shares, with oil jumping on renewed Middle East tension and uncertainty around Iran talks. That improves the earnings outlook for XOM’s upstream business and helped lift energy stocks broadly. Oil: Trump says peace talks are still on, but Iran says otherwise
Positive Sentiment: ExxonMobil is reportedly weighing a return to Venezuela to secure new production rights, which would expand its access to one of the world’s largest oil reserves and could add long-term resource optionality. Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
Positive Sentiment: A Zacks report highlighted ExxonMobil’s expanding Permian Basin footprint and development techniques, saying the company is targeting 2.5 million boe/d of production by 2030, reinforcing its growth strategy. Here’s How the Permian Basin Is Fueling ExxonMobil’s Growth Strategy
Positive Sentiment: Analyst sentiment remains supportive, with Mizuho raising its price target on ExxonMobil, adding to the bullish case for the stock. Analysts Get Bullish on Exxon Mobil (XOM)
Neutral Sentiment: Broader market gains are modestly supportive, but the move in XOM appears more tied to oil prices and company-specific headlines than to the overall stock market. Stock Market News for Jun 2, 2026

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XOM shares. BMO Capital Markets restated a “market perform” rating and set a $155.00 target price on shares of ExxonMobil in a research report on Wednesday, February 4th. Sanford C. Bernstein decreased their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Mizuho boosted their target price on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group boosted their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $165.55.

Get Our Latest Research Report on XOM

ExxonMobil Trading Up 0.3%

NYSE:XOM opened at $149.78 on Wednesday. The company has a market capitalization of $620.84 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.16. 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 52-week low of $101.73 and a 52-week high of $176.41. The stock has a fifty day simple moving average of $154.85 and a 200-day simple moving average of $140.51.

ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly 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. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.76 EPS. On average, equities research analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

ExxonMobil Company Profile

(Free Report)

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.

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