5,802 ExxonMobil Corporation $XOM Shares Sold by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA reduced its ExxonMobil stake by 12.2%, selling 5,802 shares and retaining 41,805 shares valued at approximately $6.8 million. Institutional investors collectively own 61.8% of XOM.
• Refining margins are expected to significantly boost third-quarter earnings, potentially adding about $4.5 billion to Energy Products earnings, while weaker oil prices could reduce upstream earnings by roughly $1.3 billion. ExxonMobil is scheduled to report results on October 30.
• XOM recently traded near its 52-week high at $179.03, while analysts’ average rating remains “Hold” with an average price target of $165.13. The company also pays a quarterly dividend of $1.03, equivalent to a 2.3% annualized yield.

Banque Pictet & Cie SA cut its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 12.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,805 shares of the oil and gas company's stock after selling 5,802 shares during the quarter. Banque Pictet & Cie SA's holdings in ExxonMobil were worth $6,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. GQG Partners LLC boosted its position 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 worth $2,307,497,000 after purchasing an additional 10,214,420 shares during the last quarter. Quantum Portfolio Management LLC bought a new position in ExxonMobil during the first quarter valued at $965,932,000. Arrowstreet Capital Limited Partnership purchased a new position in ExxonMobil in the first quarter worth about $766,345,000. Diamant Asset Management Inc. boosted its holdings in shares of ExxonMobil by 17,312.4% in the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company's stock worth $370,514,000 after purchasing an additional 2,171,322 shares during the period. Finally, Employees Provident Fund Board purchased a new stake in shares of ExxonMobil in the fourth quarter worth approximately $238,970,000. Institutional investors own 61.80% of the company's stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Refining margins are providing a major earnings boost. ExxonMobil expects higher refining margins to increase third-quarter Energy Products earnings by approximately $4.5 billion compared with the second quarter. Strong refining performance more than offset weakness in other segments, highlighting the benefit of ExxonMobil’s integrated operations. ExxonMobil’s Refining Profits Are Set to Jump $4.5 Billion
• Positive Sentiment: Growth projects continue to improve ExxonMobil’s long-term outlook. Production milestones in Guyana and the Permian Basin are moving key projects toward free-cash-flow generation. Guyana’s expanding production and additional offshore capacity could support future earnings and capital recovery. Production Milestones Could Be a Key Catalyst
• Positive Sentiment: Financial flexibility supports investor confidence. ExxonMobil’s low debt load and strong balance sheet provide protection against oil-price volatility and support capital investment, acquisitions and shareholder returns. Morgan Stanley also raised its price target from $177 to $185 and maintained an “overweight” rating. ExxonMobil’s Strong Balance Sheet Offers Cushion
• Neutral Sentiment: Investors are awaiting confirmed quarterly results. ExxonMobil will release its third-quarter 2026 results on October 30. Management’s report will clarify how much of the preliminary refining gain flowed through to total earnings and cash flow. ExxonMobil to Release Third Quarter 2026 Financial Results
• Negative Sentiment: Upstream conditions remain a headwind. Changes in oil prices are expected to reduce upstream earnings, with reports indicating a potential roughly $1.3 billion impact. Consequently, the overall third-quarter result may be lower even with the refining improvement. ExxonMobil Signals Lower Third-Quarter Earnings

Analysts Set New Price Targets

A number of equities analysts recently commented on XOM shares. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and issued a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. UBS Group set a $172.00 price target on ExxonMobil in a research note on Friday, September 25th. Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and raised their price target for the stock from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, TD Cowen increased their price objective on ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. Eleven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $165.13.

ExxonMobil Trading Up 2.5%

NYSE:XOM opened at $179.03 on Friday. The company has a market capitalization of $742.05 billion, a PE ratio of 21.12, a P/E/G ratio of 1.02 and a beta of 0.21. ExxonMobil Corporation has a 52-week low of $111.18 and a 52-week high of $179.16. The stock's 50 day moving average price is $163.85 and its 200 day moving average price is $154.59. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the company posted $1.64 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is currently 53.02%.

ExxonMobil Company Profile

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.

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