PNC Financial Services Group Inc. Sells 131,351 Shares of ExxonMobil Corporation $XOM

PNC Financial Services Group Inc. reduced its holdings in ExxonMobil Corporation (NYSE:XOM) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,288,120 shares of the oil and gas company’s stock after selling 131,351 shares during the quarter. ExxonMobil comprises approximately 1.0% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 9th biggest holding. PNC Financial Services Group Inc.’s holdings in ExxonMobil were worth $1,745,482,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Portus Wealth Advisors LLC purchased a new stake in ExxonMobil in the 1st quarter valued at about $36,000. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil during the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil during the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in shares of ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting ExxonMobil

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)

ExxonMobil Stock Down 0.0%

XOM opened at $156.88 on Friday. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The firm has a 50 day moving average price of $145.91 and a 200 day moving average price of $147.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market cap of $650.28 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating 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 firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the previous year, the company posted $1.76 earnings per share. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that ExxonMobil Corporation will post 11.28 earnings per share for the current year.

ExxonMobil Announces Dividend

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

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Piper Sandler began coverage on shares of ExxonMobil in a report on Thursday. They issued a “neutral” rating and a $158.00 target price for the company. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Jefferies Financial Group lifted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Tuesday, June 16th. Finally, Morgan Stanley dropped their price objective on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, June 29th. One equities research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.25.

ExxonMobil Company Profile

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.