ExxonMobil Corporation $XOM Shares Sold by First Bank & Trust

Key Points

• First Bank & Trust cut its ExxonMobil stake by 36.4% in the third quarter, selling 8,706 shares and retaining 15,220 shares valued at approximately $2.48 million. Institutional investors collectively own 61.8% of the company.
• Refining strength is expected to boost third-quarter Energy Products earnings by about $4.5 billion from the prior quarter, while lower oil prices could reduce upstream earnings by roughly $1.3 billion. ExxonMobil is scheduled to report results on October 30, 2026.
• ExxonMobil maintains a strong financial position and pays a $1.03 quarterly dividend, equivalent to a 2.3% annualized yield. Analysts have issued mixed views, with an average “Hold” rating and $165.13 price target despite Morgan Stanley raising its target to $185.

First Bank & Trust reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 36.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,220 shares of the oil and gas company's stock after selling 8,706 shares during the quarter. First Bank & Trust's holdings in ExxonMobil were worth $2,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the second quarter valued at $27,000. Portus Wealth Advisors LLC acquired a new position in ExxonMobil in the 1st quarter valued at $36,000. Atlantic Private Wealth LLC increased its position in ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after buying an additional 202 shares during the period. Sankala Group LLC acquired a new stake in shares of ExxonMobil during the 4th quarter worth approximately $46,000. Finally, Financial Connections Group Inc. bought a new position in shares of ExxonMobil during the 1st quarter worth approximately $53,000. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Roundup

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

ExxonMobil Stock Up 0.0%

ExxonMobil stock opened at $179.03 on Monday. The company's 50 day simple moving average is $163.85 and its 200 day simple moving average is $154.47. ExxonMobil Corporation has a fifty-two week low of $111.18 and a fifty-two week high of $179.16. The firm has a market capitalization of $742.05 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.04 and a beta of 0.21. 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 (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS 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 the consensus estimate 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 previous year, the company posted $1.64 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 12.52 EPS for the current year.

ExxonMobil Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. ExxonMobil's payout ratio is 53.02%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Argus upped their target price on shares of ExxonMobil from $169.00 to $175.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Morgan Stanley raised their price target on ExxonMobil from $177.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday. The Goldman Sachs Group set a $169.00 price objective on ExxonMobil in a research report on Friday. UBS Group set a $172.00 price objective on ExxonMobil in a report on Friday, September 25th. Finally, TD Cowen upped their target price on shares of ExxonMobil from $168.00 to $180.00 and gave the company a "buy" rating in a research report on Monday, September 28th. Eleven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $165.13.

ExxonMobil Profile

Exxon Mobil Corporation, doing business as ExxonMobil NYSE: XOM, is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.