Corient Private Wealth LP Trims Position in ExxonMobil Corporation $XOM

Key Points

• Corient Private Wealth LP cut its ExxonMobil stake by 18.8% in the second quarter, selling 609,074 shares and retaining 2.63 million shares valued at approximately $359.2 million.
• Institutional interest remains substantial: hedge funds and other institutions own 61.8% of ExxonMobil, with several major investors—including GQG Partners and California State Teachers Retirement System—adding significantly to their positions.
• ExxonMobil shares opened at $165.36, while analysts maintain a consensus “Hold” rating with a $167.45 target price. The company reported quarterly revenue above estimates but narrowly missed earnings expectations and pays a $1.03 quarterly dividend, yielding about 2.5%.

Corient Private Wealth LP lowered its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,627,167 shares of the oil and gas company's stock after selling 609,074 shares during the quarter. Corient Private Wealth LP owned approximately 0.06% of ExxonMobil worth $359,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. California State Teachers Retirement System grew its position in shares of ExxonMobil by 14,136.6% in the second quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company's stock valued at $95,185,508,000 after purchasing an additional 691,317,352 shares during the period. Norges Bank purchased a new position in ExxonMobil during the fourth quarter worth about $7,625,063,000. GQG Partners LLC lifted its position in ExxonMobil by 153.3% during 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 buying an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC acquired a new stake in ExxonMobil in the 1st quarter worth about $965,932,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ExxonMobil in the 1st quarter worth about $766,345,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and Angola’s ANPG announced a 20th discovery in offshore Block 15. The company’s continued success in a prolific, low-cost basin could expand production potential and support management’s target of achieving a 17% return on capital employed by 2030. Angola offshore discovery
• Positive Sentiment: ExxonMobil plans to raise its Papua LNG stake from 28.7% to 34.1% and assume operatorship. The project is targeting a final investment decision in the fourth quarter of 2026; greater control could improve ExxonMobil’s strategic position, though it also increases its capital commitment to a proposed roughly $14 billion development. Papua LNG project
• Positive Sentiment: Oil prices have surged, with Brent above $105 per barrel amid heightened Middle East tensions. Sustained high crude prices would typically lift ExxonMobil’s upstream cash flow and earnings, particularly given its low-cost resource base. Brent crude and ExxonMobil
• Neutral Sentiment: Analysts continue to view ExxonMobil’s balance sheet, upstream portfolio and long record of dividend increases favorably, but the stock trades at a premium valuation after a substantial 2026 rally. That leaves less room for disappointment if oil prices retreat or earnings fail to accelerate. ExxonMobil valuation analysis
• Negative Sentiment: Some intraday weakness was attributed to Pioneer Natural Resources’ planned cash tender offers for $2.1 billion of senior notes due in 2030 and 2031, a financing development that may have weighed on sentiment toward ExxonMobil’s portfolio and integration-related obligations. ExxonMobil shares and Pioneer debt tender offers

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $165.36 on Friday. The business has a 50-day moving average of $155.06 and a two-hundred day moving average of $152.67. The firm has a market capitalization of $685.43 billion, a PE ratio of 21.28, a P/E/G ratio of 1.00 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 12 month low of $110.39 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released 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). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the prior year, the firm earned $1.64 earnings per share. As a group, research analysts forecast that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil's payout ratio is 53.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Morgan Stanley raised their target price on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 19th. Citigroup reissued a "neutral" rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Barclays lowered their target price on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating for the company in a report on Monday, August 17th. Finally, DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, ExxonMobil has a consensus rating of "Hold" and a consensus target price of $167.45.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.

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