Commerce Bank Trims Stock Holdings in ExxonMobil Corporation $XOM

Posted by Brenda Bartman on Aug 23rd, 2026

Commerce Bank lowered its stake in ExxonMobil Corporation (NYSE:XOM – Free Report) by 0.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,657,796 shares of the oil and gas company’s stock after selling 11,992 shares during the quarter. ExxonMobil comprises about 1.0% of Commerce Bank’s investment portfolio, making the stock its 18th biggest position. Commerce Bank’s holdings in ExxonMobil were worth $226,654,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Assetmark Inc. boosted its position in ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after buying an additional 37,666 shares during the period. Charles Schwab Trust Co grew its stake in shares of ExxonMobil by 392.9% in the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock worth $16,710,000 after acquiring an additional 97,424 shares in the last quarter. CV Advisors LLC increased its position in shares of ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after acquiring an additional 6,478 shares during the period. Sanctuary Advisors LLC raised its stake in shares of ExxonMobil by 2.3% in the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Finally, Midwest Trust Co boosted its holdings in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after purchasing an additional 26,411 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Morgan Stanley boosted their target price on ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler began coverage on ExxonMobil in a research report on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 price target on the stock. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. UBS Group set a $168.00 price objective on ExxonMobil in a research note on Friday, August 7th. Finally, Barclays lowered their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $166.10.

Read Our Latest Research Report on ExxonMobil

ExxonMobil Stock Down 0.6%

ExxonMobil stock opened at $165.18 on Friday. The stock has a market cap of $684.66 billion, a PE ratio of 21.26, a P/E/G ratio of 0.65 and a beta of 0.17. 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 stock’s fifty day moving average is $148.58 and its two-hundred day moving average is $151.38. ExxonMobil Corporation has a 1-year low of $108.35 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $109.94 billion. During the same period in the prior year, the company posted $1.64 earnings per share. On average, sell-side analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.5%. ExxonMobil’s payout ratio is presently 53.02%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Rising oil prices are the clearest near-term catalyst. Brent crude recently moved above $93–$95 per barrel amid Strait of Hormuz disruption, geopolitical tensions and declining Russian exports, improving the outlook for ExxonMobil’s upstream cash flow and shareholder returns. Exxon Jumps 2% as Brent Crude Breaks Above $93
Positive Sentiment: Analysts continue to point to ExxonMobil’s advantaged Guyana and Permian production, cost savings and expected volume growth as supports for earnings and free cash flow. These low-cost assets should provide particularly strong operating leverage if oil remains above $80. Cost Savings and Production Growth Strengthen ExxonMobil’s Outlook
Positive Sentiment: A 20-year infrastructure agreement with Targa Resources across the Permian’s Delaware and Midland basins should improve long-term processing and takeaway capacity for ExxonMobil, helping support production growth through 2046. Targa Resources Secures 20-Year Deal With ExxonMobil
Positive Sentiment: ExxonMobil is advancing growth projects, including a Nigerian deepwater campaign expected to add up to 40,000 barrels per day at the Usan field and contractor work for Rovuma LNG pipelines. Successful execution could diversify and expand future production.
Neutral Sentiment: ExxonMobil is being highlighted as a long-term momentum and dividend investment, reflecting its scale, cash-return capacity and recent energy-sector strength. These are supportive investor themes but do not represent new company-specific developments. Why Exxon Mobil Holdings Is a Top Momentum Stock
Negative Sentiment: A German regulator reportedly found a carbon-credit project backed by an ExxonMobil unit suspicious, creating reputational and potential regulatory risk for the company’s lower-carbon initiatives. ExxonMobil-Backed Carbon Credits Project Found Suspicious
Negative Sentiment: ExxonMobil has warned that Kazakhstan’s leading oil field could reach peak production within several years, highlighting depletion and geopolitical risks that may weigh on longer-term growth.

About ExxonMobil

(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.