Allworth Financial LP Cuts Stake in ExxonMobil Corporation $XOM

08 Sep 2026, 23:44 by Michael Walen · The Markets Daily

Allworth Financial LP trimmed its position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,063 shares of the oil and gas company’s stock after selling 9,907 shares during the period. Allworth Financial LP’s holdings in ExxonMobil were worth $52,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in XOM. Berbice Capital Management LLC acquired a new stake in ExxonMobil during the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Aventus Investment Advisors Inc. bought a new stake in shares of ExxonMobil in the 2nd quarter worth approximately $27,000. Keewaydin Investments LLC acquired a new position in ExxonMobil during the 4th quarter valued at approximately $33,000. Finally, Portus Wealth Advisors LLC bought a new position in ExxonMobil during the 1st quarter worth $36,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: ExxonMobil subsidiary Pioneer Natural Resources launched cash tender offers for up to $2.1 billion of senior notes: $1.1 billion of 1.900% notes due 2030 and $1 billion of 2.150% notes due 2031. The move could lower or optimize debt obligations and signals active balance-sheet management. The offers expire September 14, with pricing based on Treasury yields plus fixed spreads. ExxonMobil cash tender offer announcement
Positive Sentiment: Analyst optimism remains a catalyst. Piper Sandler reportedly sees ExxonMobil moving toward new highs, supported by higher oil prices, solid earnings, and the stock’s strong year-to-date performance. Piper Sandler ExxonMobil outlook
Positive Sentiment: Changes to the Papua LNG project improve its investment profile. TotalEnergies cut estimated project costs to about $14 billion, while ExxonMobil is set to become operator. Lower costs and greater operational control could support long-term production growth, although a final investment decision is still pending. Papua LNG cost reduction
Neutral Sentiment: ExxonMobil’s 43-year dividend-growth record reinforces its appeal to income investors. However, coverage highlights that the streak nearly failed during the 2020 downturn, underscoring the dividend’s sensitivity to severe commodity-price shocks. ExxonMobil dividend history
Negative Sentiment: Potential changes in Venezuela create uncertainty. Chevron’s expanded agreement could provide a model for ExxonMobil’s possible return, but Exxon’s leadership previously described the country as “uninvestable.” Political, regulatory, and execution risks could limit any near-term benefit. ExxonMobil and Venezuela outlook

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Barclays lowered their target price on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Wall Street Zen upgraded shares of ExxonMobil to a “hold” rating in a research note on Saturday. Morgan Stanley upped their price target on shares of ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Finally, TD Cowen lifted their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil has a consensus rating of “Hold” and an average price target of $167.45.

Check Out Our Latest Stock Report on ExxonMobil

ExxonMobil Trading Up 0.8%

XOM traded up $1.29 during trading on Tuesday, reaching $160.76. The company had a trading volume of 12,603,794 shares, compared to its average volume of 18,769,414. The firm’s 50-day simple moving average is $153.44 and its 200 day simple moving average is $152.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market cap of $666.36 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.97 and a beta of 0.18. ExxonMobil Corporation has a 12-month low of $110.39 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter in the previous year, the business earned $1.64 earnings per share. Equities research analysts anticipate that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

ExxonMobil Company Profile

(Free Report)

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.