ExxonMobil Corporation $XOM Shares Sold by Summit Wealth Group LLC Co.

Posted by George Bondi on May 14th, 2026

Summit Wealth Group LLC Co. lessened its holdings in ExxonMobil Corporation (NYSE:XOM – Free Report) by 25.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,406 shares of the oil and gas company’s stock after selling 3,980 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in ExxonMobil were worth $1,373,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in ExxonMobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after buying an additional 445,283 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of 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 purchasing an additional 2,660,910 shares in the last quarter. Capital Research Global Investors raised its stake in shares of ExxonMobil by 0.4% during the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock valued at $3,790,773,000 after purchasing an additional 127,466 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of ExxonMobil by 1.1% during the third quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company’s stock valued at $3,517,179,000 after purchasing an additional 340,785 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of ExxonMobil by 4.5% during the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock valued at $2,299,687,000 after purchasing an additional 886,087 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Rising geopolitical risk and reports that Iran’s main oil terminal has gone dark are supporting crude prices, which can boost ExxonMobil’s upstream earnings and free cash flow. Trump Walks Into Beijing with a New Ace Card: Iran’s Main Oil Terminal Has Gone Dark
Positive Sentiment: Market commentary says ExxonMobil could benefit from a powerful refining margin environment, since its Beaumont refinery can process large volumes of discounted crude while selling fuels into a tighter global market. The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains
Neutral Sentiment: Reuters reported that proxy advisers Glass Lewis and ISS are opposing some of Exxon’s board positions ahead of the annual meeting, including the proposal to redomicile in Texas. This creates a governance overhang, but it is not directly tied to operations. Exxon, Chevron face dissent from proxy firms ahead of annual meetings
Neutral Sentiment: Investor articles continue to highlight ExxonMobil as a blue-chip dividend and long-term energy holding, reflecting steady sentiment rather than a new catalyst. If You Buy ExxonMobil (XOM) Stock Today, Here’s Where It Could Be in 5 Years
Negative Sentiment: ISS also recommended investors vote against Exxon’s move to Texas, which could raise concerns about shareholder accountability and weigh on sentiment around the annual meeting. ISS recommends shareholders vote against Exxon moving its registration to Texas

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on shares of ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. HSBC lifted their price objective on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, Barclays lifted their price target on ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.95.

View Our Latest Research Report on ExxonMobil

Insider Buying and Selling

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

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $151.61 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $154.87 and its two-hundred day moving average price is $137.05. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The stock has a market cap of $628.41 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 0.66 and a beta of 0.19.

ExxonMobil (NYSE:XOM – Get Free Report) last issued 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 analysts’ expectations of $81.13 billion. During the same period in the previous year, the business earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.5 EPS 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 $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil’s payout ratio is 69.48%.

ExxonMobil Profile

(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.