Madison Asset Management LLC Cuts Position in ExxonMobil Corporation $XOM

Madison Asset Management LLC trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,258 shares of the oil and gas company’s stock after selling 10,712 shares during the period. Madison Asset Management LLC’s holdings in ExxonMobil were worth $36,012,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil during the 4th quarter valued at $26,000. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil during the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Key Capital Management INC acquired a new stake in ExxonMobil in the 4th quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in ExxonMobil in the fourth quarter valued at about $32,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil prices jumped sharply after renewed geopolitical tension tied to Iran, improving the outlook for ExxonMobil’s upstream earnings and cash flow. The Iran War Isn’t Stopping and What That Means for Chevron and Exxon Mobil
• Positive Sentiment: Recent articles highlight ExxonMobil’s strong 2026 stock performance and technical breakout potential, which can attract momentum-focused investors. ExxonMobil shares approach a possible key breakout as technical indicators align bullishly
• Neutral Sentiment: Analysts expect ExxonMobil to report higher earnings next week, but one preview notes the setup may not be ideal for a clear earnings beat, keeping expectations mixed. Exxon Mobil Holdings (XOM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Several pieces point to continued investor interest in ExxonMobil from dividend and energy-focused funds, but these are more supportive of sentiment than immediate stock-moving catalysts. Madison Dividend Income Fund is Bullish on ExxonMobil Holdings Corporation (XOM)

Analyst Ratings Changes

A number of brokerages have commented on XOM. Piper Sandler initiated coverage on ExxonMobil in a research note on Thursday. They set a “neutral” rating and a $158.00 price objective on the stock. TD Cowen lowered their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company boosted their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Jefferies Financial Group upped their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.25.

ExxonMobil Stock Performance

NYSE:XOM opened at $156.88 on Friday. The firm has a 50-day moving average of $145.91 and a two-hundred day moving average of $147.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock has a market cap of $650.28 billion, a P/E ratio of 26.46, a PEG ratio of 0.65 and a beta of 0.17. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last announced its 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 return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts expect that ExxonMobil Corporation will post 11.28 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

About ExxonMobil

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.