Norges Bank Purchases Shares of 63,362,667 ExxonMobil Corporation $XOM

Posted by Tammy Falkenburg on May 30th, 2026

Norges Bank purchased a new stake in ExxonMobil Corporation (NYSE:XOM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 63,362,667 shares of the oil and gas company’s stock, valued at approximately $7,625,063,000. ExxonMobil makes up about 0.8% of Norges Bank’s investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Madison Wealth Partners Inc increased its stake in ExxonMobil by 21.4% in the fourth quarter. Madison Wealth Partners Inc now owns 5,064 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 893 shares in the last quarter. Fort Sheridan Advisors LLC increased its stake in ExxonMobil by 1.1% in the fourth quarter. Fort Sheridan Advisors LLC now owns 22,196 shares of the oil and gas company’s stock valued at $2,671,000 after purchasing an additional 243 shares in the last quarter. Hilltop Partners LLC increased its stake in ExxonMobil by 55.0% in the fourth quarter. Hilltop Partners LLC now owns 56,232 shares of the oil and gas company’s stock valued at $6,767,000 after purchasing an additional 19,959 shares in the last quarter. Eurizon SLJ Capital Ltd bought a new stake in ExxonMobil in the fourth quarter valued at $1,333,000. Finally, IF Advisors LLC bought a new stake in ExxonMobil in the fourth quarter valued at $1,377,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Down 1.0%

ExxonMobil stock opened at $145.42 on Friday. ExxonMobil Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $176.41. The stock has a market cap of $602.75 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 0.64 and a beta of 0.19. The firm’s 50-day simple moving average is $155.03 and its 200 day simple moving average is $140.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business 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 earned $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts predict that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s payout ratio is 69.48%.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. 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 research note on Thursday, April 9th. Morgan Stanley decreased their price target on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Citigroup lifted their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. UBS Group lifted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $165.55.

Get Our Latest Research Report on ExxonMobil

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Positive Sentiment: Exxon executives warned that global oil inventories are nearing dangerously low levels, suggesting a potential price spike in crude if supply tightens further. That backdrop is supportive for ExxonMobil because higher oil prices can lift upstream earnings and cash flow. Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher
Positive Sentiment: Mizuho raised its 2026 and 2027 oil price outlooks and lifted its price target on ExxonMobil, reinforcing a constructive view on the stock if energy prices stay firm. Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target
Positive Sentiment: Exxon’s strong balance sheet was highlighted as a major advantage, giving the company flexibility to weather volatility, fund acquisitions, and sustain shareholder returns. Why ExxonMobil’s Strong Balance Sheet Matters for Investors
Neutral Sentiment: Exxon remains a heavily watched stock, with new articles focusing on its long-term prospects, including Guyana growth plans and conference commentary. These pieces are informative but don’t add an immediate catalyst. Here is What to Know Beyond Why Exxon Mobil Corporation (XOM) is a Trending Stock
Negative Sentiment: Energy shares moved lower late Friday as the broader sector weakened, and oil prices slipped below $89 amid easing geopolitical fears and talk of Iran negotiations, which can pressure ExxonMobil’s near-term earnings outlook. Sector Update: Energy Stocks Fall Late Afternoon
Negative Sentiment: Trump’s refusal to ease Iran sanctions and the associated drop in oil prices weighed on the energy complex, limiting support for ExxonMobil despite the company’s longer-term supply optimism. Trump Holds the Line on Iran: No Sanctions Relief as Oil Slides Below $89

ExxonMobil Profile

(Free Report)

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.