CIBC Asset Management Inc Purchases 544,194 Shares of ExxonMobil Corporation $XOM

CIBC Asset Management Inc boosted its position in ExxonMobil Corporation (NYSE:XOM) by 61.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,425,526 shares of the oil and gas company’s stock after purchasing an additional 544,194 shares during the quarter. CIBC Asset Management Inc’s holdings in ExxonMobil were worth $171,548,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of ExxonMobil in the fourth quarter worth $7,625,063,000. Franklin Resources Inc. boosted its stake in ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after buying an additional 2,660,910 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in ExxonMobil by 218.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after buying an additional 2,546,791 shares during the period. AQR Capital Management LLC grew its position in ExxonMobil by 105.4% during the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock worth $329,797,000 after buying an additional 1,501,235 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in ExxonMobil by 119.4% in 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 acquiring an additional 1,454,308 shares during the last quarter. 61.80% of the stock is owned by 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

ExxonMobil Stock Up 0.3%

Shares of XOM opened at $149.78 on Wednesday. ExxonMobil Corporation has a 1 year low of $101.73 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $154.85 and a two-hundred day simple moving average of $140.51. The firm has a market cap of $620.84 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.65 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the firm posted $1.76 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the transaction, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. JPMorgan Chase & Co. lifted their price target on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Citigroup lifted their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $165.55.

About ExxonMobil

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.