Retirement Systems of Alabama Sells 8,461 Shares of ExxonMobil Corporation $XOM

Posted by Brenda Bartman on Nov 10th, 2026

Retirement Systems of Alabama reduced its position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,375,862 shares of the oil and gas company’s stock after selling 8,461 shares during the period. ExxonMobil comprises about 0.6% of Retirement Systems of Alabama’s investment portfolio, making the stock its 25th biggest holding. Retirement Systems of Alabama’s holdings in ExxonMobil were worth $223,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CPA Asset Management Group LLC raised its stake in shares of ExxonMobil by 1.8% in the 3rd quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock worth $561,000 after buying an additional 60 shares in the last quarter. DecisionMap Wealth Management LLC lifted its holdings in shares of ExxonMobil by 2.2% in the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock valued at $474,000 after buying an additional 62 shares during the period. WP Advisors LLC lifted its holdings in shares of ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 63 shares during the period. Avant Capital LLC boosted its stake in ExxonMobil by 0.6% during the second quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock valued at $1,529,000 after buying an additional 65 shares in the last quarter. Finally, Core Wealth Advisors Inc. boosted its stake in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after buying an additional 68 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Exxon signed a preliminary agreement with Venezuela to evaluate oil opportunities, creating a possible avenue for future growth. The agreement is preliminary, so any commercial impact remains uncertain. Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities
Positive Sentiment: An investor on CNBC’s “Final Trades” selected ExxonMobil, offering a modest positive endorsement, though such picks are not a major fundamental catalyst. CNBC Final Trades
Neutral Sentiment: A bullish investment thesis argues Exxon is better positioned than the energy-sector ETF XLE after the U.S. election; the headline provides no specific new company catalyst. ExxonMobil Is Better Positioned Than XLE Post-Election
Neutral Sentiment: Coverage says Exxon’s 2026 gains have been supported by oil above $100 and strong refining margins. Those conditions bolster results, but the stock’s substantial run-up may leave it sensitive to changes in commodity prices. ExxonMobil Is Up 38% in 2026 and Chevron Is Up 39%
Neutral Sentiment: An analyst raised Exxon’s price target to $162. The change is a positive revision, but the target offers limited upside relative to the $164.81 price in the supplied market data. ExxonMobil Price Target Raised to $162.00
Negative Sentiment: Exxon paused work on its planned Texas hydrogen facility amid slow progress on hydrogen hubs, uncertain federal funding, and weak customer demand. The delay raises questions about the pace of its lower-carbon business plans. ExxonMobil Pauses Work On Its Texas Hydrogen Facility
Negative Sentiment: Commentary cautions that oil prices are volatile and could fall, putting pressure on energy stocks trading near record highs. A pullback could weaken the commodity-driven support for Exxon’s shares. Exxon and Chevron Are Near Record Highs

Analysts Set New Price Targets

A number of research analysts recently issued reports on XOM shares. Morgan Stanley lifted their target price on ExxonMobil from $185.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Wells Fargo & Company raised their price objective on shares of ExxonMobil from $182.00 to $189.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. BMO Capital Markets lifted their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. DZ Bank downgraded shares of ExxonMobil from a “hold” rating to a “sell” rating and set a $170.00 target price on the stock. in a report on Wednesday, November 4th. Finally, Weiss Ratings upgraded shares of ExxonMobil from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and a consensus price target of $170.38.

Check Out Our Latest Stock Analysis on XOM

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $164.81 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $672.29 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.83 and a beta of 0.16. The stock’s fifty day simple moving average is $168.99 and its 200 day simple moving average is $155.57. ExxonMobil Corporation has a 52-week low of $114.19 and a 52-week high of $188.50.

ExxonMobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The business had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 13.34 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a yield of 2.6%. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio (DPR) is 42.34%.

ExxonMobil Profile

(Free Report)

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products.

The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.

ExxonMobil serves customers and operates in markets around the world.