Neutral
Tidal Investments LLC reduces ExxonMobil stake by 28.1%, selling 503,892 shares.
In the second quarter of 2026, Tidal Investments LLC decreased its holdings in ExxonMobil by 28.1%, selling 503,892 shares and retaining 1.29 million shares valued at approximately $176.4 million. This move reflects a cautious approach amid fluctuating oil prices and market uncertainties.
Key points
- Tidal Investments LLC sells 503,892 ExxonMobil shares, reducing stake by 28.1%.
- Analyst consensus maintains 'Hold' rating for ExxonMobil with average price target of $167.45.
- ExxonMobil shares trading at $164.41; quarterly revenue above estimates, EPS slightly missed.
- ExxonMobil declares $1.03 quarterly dividend, yielding about 2.5% annually.
Sources
- Tidal Investments LLC Sells 503,892 Shares of ExxonMobil Corporation $XOMMarketBeat · September 10, 2026
- Blue Edge Capital LLC Sells 10,886 Shares of ExxonMobil Corporation $XOMMarketBeat · September 10, 2026
- ExxonMobil Reports $14.5B Q2 Earnings, $3.48 EPS | XOM Stock NewsStockTitan · July 31, 2026
- ExxonMobil Announces Second-Quarter 2026 ResultsExxonMobil · July 31, 2026
AI-generated from public news sources. Not financial advice.
