ExxonMobil Corporation $XOM Shares Sold by Confluence Wealth Services Inc.

Posted by Brian Himes on Nov 11th, 2026

Confluence Wealth Services Inc. reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 34.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,696 shares of the oil and gas company’s stock after selling 100,383 shares during the period. ExxonMobil accounts for 0.8% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 26th biggest holding. Confluence Wealth Services Inc.’s holdings in ExxonMobil were worth $31,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. Dimensional Fund Advisors LP boosted its position in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after purchasing an additional 1,540,902 shares during the last quarter. Amundi grew its stake in ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares in the last quarter. GQG Partners LLC grew its stake in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares in the last quarter. Swiss National Bank grew its stake in ExxonMobil by 5.9% in the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock valued at $2,099,783,000 after purchasing an additional 693,800 shares in the last quarter. Finally, National Pension Service increased its position in ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock worth $1,321,265,000 after purchasing an additional 166,268 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: ExxonMobil signed a preliminary agreement to evaluate oil opportunities in Venezuela, potentially opening access to significant resources and future production growth. The deal is only exploratory, however, and does not mean the company is returning to full-scale operations. Reuters article
Neutral Sentiment: The Venezuela opportunity comes with substantial political and asset risks: ExxonMobil has previously lost assets there, and its CEO had called the country “uninvestable.” That history may limit how quickly the company commits capital. The Motley Fool article
Negative Sentiment: Energy stocks were falling before Tuesday’s open, suggesting sector-wide weakness that could pressure XOM independently of company-specific news. Energy sector update
Negative Sentiment: ExxonMobil paused work on its planned Texas hydrogen facility amid weak customer demand and uncertainty about federal funding. The delay raises questions about the timing and growth prospects of its low-carbon business. Yahoo Finance article

ExxonMobil Trading Down 0.2%

Shares of NYSE:XOM opened at $164.42 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $670.71 billion, a PE ratio of 16.90, a P/E/G ratio of 0.82 and a beta of 0.16. ExxonMobil Corporation has a 1 year low of $114.19 and a 1 year high of $188.50. The firm has a fifty day moving average price of $169.06 and a 200 day moving average price of $155.72.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share 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 company had revenue of $110.50 billion for the quarter, compared to analyst estimates of $104.89 billion. During the same period last year, the company earned $1.88 earnings per share. Analysts expect that ExxonMobil Corporation will post 13.34 EPS for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is currently 43.99%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Jefferies Financial Group raised their price target on ExxonMobil from $184.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Morgan Stanley boosted their price target on ExxonMobil from $185.00 to $187.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. boosted their price target on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Freedom Broker increased their price objective on ExxonMobil from $142.00 to $162.00 and gave the stock a “hold” rating in a report on Friday, November 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ExxonMobil has an average rating of “Hold” and an average price target of $170.38.

View Our Latest Analysis on ExxonMobil

ExxonMobil Company 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.