Independence Bank of Kentucky Cuts Holdings in ExxonMobil Corporation $XOM

Posted by Francis Steltz on Jul 15th, 2026

Independence Bank of Kentucky decreased its holdings in ExxonMobil Corporation (NYSE:XOM – Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,438 shares of the oil and gas company’s stock after selling 3,536 shares during the period. ExxonMobil comprises approximately 0.9% of Independence Bank of Kentucky’s investment portfolio, making the stock its 20th biggest holding. Independence Bank of Kentucky’s holdings in ExxonMobil were worth $6,861,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its position in shares of ExxonMobil by 6.6% during the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after buying an additional 23,668 shares during the last quarter. Clear Trail Advisors LLC bought a new position in shares of ExxonMobil during the 4th quarter worth approximately $28,728,000. CIBC Bancorp USA Inc. bought a new position in shares of ExxonMobil during the 3rd quarter worth approximately $67,907,000. Finally, King Luther Capital Management Corp lifted its position in ExxonMobil by 2.4% during the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after acquiring an additional 38,492 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 0.4%

NYSE:XOM opened at $145.04 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a market cap of $601.18 billion, a PE ratio of 24.46, a P/E/G ratio of 0.59 and a beta of 0.17. The company’s 50 day moving average is $145.82 and its two-hundred day moving average is $145.93.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter last year, the company posted $1.76 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts anticipate that ExxonMobil Corporation will post 11.48 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: WTI crude rising above $80 is a favorable setup for ExxonMobil’s upstream business, lifting expectations for stronger margins and cash flow from its oil production operations. Oil Crosses $80 Again: Can ExxonMobil’s Upstream Business Thrive?
Positive Sentiment: Rising U.S.-Iran tensions have supported energy prices broadly, which tends to benefit ExxonMobil as an integrated oil major with significant crude production exposure. Why ExxonMobil (XOM) Stock Is Up Today
Positive Sentiment: ExxonMobil is being highlighted as one of the stocks most likely to benefit if gasoline prices remain elevated, reinforcing the market’s view that the company can capitalize on stronger energy pricing. 5 Stocks Poised to Benefit the Most When US Gas Prices Soar
Neutral Sentiment: The stock is drawing extra attention from traders and Zacks users, but this appears to reflect increased interest rather than a new company-specific catalyst. Here is What to Know Beyond Why ExxonMobil Holdings Corporation (XOM) is a Trending Stock
Neutral Sentiment: Broader energy-sector articles note that crude’s rebound is lifting oil stocks generally, which is supportive for XOM but not unique to the company. Shell, BP, and other energy stocks jump as crude oil prices rebound
Negative Sentiment: There were also market-wide headlines about U.S. strikes and escalating conflict, which can keep volatility elevated and create uncertainty around energy markets even as they support oil prices. Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, June 16th. Piper Sandler decreased their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Sanford C. Bernstein lowered their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. TD Cowen dropped their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Finally, Scotiabank upped their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, ExxonMobil presently has an average rating of “Moderate Buy” and an average price target of $164.45.

Read Our Latest Analysis on ExxonMobil

ExxonMobil Company 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.