ExxonMobil Corporation $XOM Shares Sold by Provident Wealth Management LLC

Provident Wealth Management LLC trimmed its position in shares of ExxonMobil Corporation (NYSE:XOM) by 70.9% in the third quarter, Holdings Channel reports. The fund owned 2,491 shares of the oil and gas company’s stock after selling 6,066 shares during the quarter. Provident Wealth Management LLC’s holdings in ExxonMobil were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil in the second quarter worth about $27,000. Portus Wealth Advisors LLC acquired a new position in shares of ExxonMobil during the 1st quarter worth about $36,000. Atlantic Private Wealth LLC boosted its stake in ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 202 shares during the period. Financial Connections Group Inc. bought a new stake in ExxonMobil during the 1st quarter valued at approximately $53,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 113 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on XOM shares. HSBC reaffirmed a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a report on Friday, September 25th. BMO Capital Markets upped their price target on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Citigroup reiterated a “neutral” rating and set a $175.00 price target (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $178.00 price objective on shares of ExxonMobil in a research report on Tuesday. Finally, Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $167.70.

ExxonMobil Trading Down 0.3%

Shares of ExxonMobil stock opened at $177.76 on Wednesday. ExxonMobil Corporation has a 52-week low of $111.99 and a 52-week high of $180.26. The firm has a market capitalization of $736.79 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company’s fifty day moving average price is $164.58 and its two-hundred day moving average price is $154.65.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same period in the previous year, the business posted $1.64 earnings per share. On average, analysts expect that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. ExxonMobil’s payout ratio is presently 53.02%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Barclays raised its price target to $200 and upgraded XOM to “overweight,” implying further upside and reinforcing confidence in ExxonMobil’s integrated business and exposure to higher commodity prices. Barclays raises ExxonMobil price target
• Positive Sentiment: Rising crude prices remain the primary catalyst. Oil has surged sharply in 2026 amid Middle East tensions, supporting expectations for stronger upstream earnings, while ExxonMobil’s Permian operations are benefiting from production growth, drilling technology and cost discipline. Oil explorers benefiting from higher crude prices
• Positive Sentiment: Investor articles continue to view ExxonMobil favorably ahead of its earnings update, citing its scale and diversification across exploration, refining, chemicals and specialty products. Its aviation-lubricants distribution agreement in the Americas also modestly expands its aftermarket reach. ExxonMobil outlook ahead of earnings
• Neutral Sentiment: Shell’s planned expansion of Canadian LNG exports highlights continued industry investment in gas and LNG after major oil companies scaled back clean-energy ambitions. The move supports the long-term appeal of ExxonMobil’s LNG and integrated-energy strategy, but it is not a direct ExxonMobil announcement. Shell expands Canadian LNG operations
• Negative Sentiment: Crude prices retreated from recent highs after a waiver of Russia-related sanctions and tariffs, reducing near-term support for oil producers. Investors may also be cautious because ExxonMobil’s strong run has lifted valuation, while its latest reported quarter narrowly missed the earnings-per-share consensus despite beating revenue estimates. ExxonMobil shares and crude price pullback

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.