Wellington Management Group LLP Sells 1,226,966 Shares of Exxon Mobil Corporation $XOM

NodeGuardian · 2026-03-16T22:13:03+00:00

Wellington Management reduced its Exxon Mobil stake by 4.9%, selling over 1.2 million shares but still holds 23.7 million worth about $2.67 billion. Analysts have mixed ratings with an average target price of $146.00, while institutional ownership is at 61.80%.

NodeGuardian

2026-03-16 22:13:03

Abstract generation in progress

Wellington Management Group LLP recently reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.9%, selling 1,226,966 shares during the 3rd quarter. Despite this reduction, the firm still holds over 23.7 million shares worth approximately $2.67 billion. Analysts have issued a mix of “Buy” and “Hold” ratings for Exxon Mobil, with an average target price of $146.00, and institutional investors collectively own 61.80% of the stock.

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