Exxon Mobil Stock Rises on Increased Institutional Investment

Ferguson Wellman Capital Management Inc. boosts its stake in the oil and gas giant

Mar. 28, 2026 at 8:07am

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An extreme close-up of gleaming, intricate oil refining equipment and pipes, conveying the industrial scale and technical complexity of Exxon Mobil's operations.Institutional investors see value in Exxon Mobil's industrial might as the oil giant weathers market volatility.Ferguson Today

Exxon Mobil Corporation (NYSE: XOM) saw its stock rise after Ferguson Wellman Capital Management Inc. increased its holdings in the company by 2.9% in the fourth quarter. The investment firm now owns 230,470 shares of the oil and gas company's stock, valued at $27,735,000.

Why it matters

Exxon Mobil is one of the world's largest publicly traded oil and gas companies, and institutional investor activity in its stock is closely watched as a barometer of sentiment in the energy sector. This increase in holdings by Ferguson Wellman suggests confidence in Exxon Mobil's long-term prospects.

The details

According to a recent SEC filing, Ferguson Wellman Capital Management Inc. acquired an additional 6,469 shares of Exxon Mobil in the fourth quarter, bringing its total position to 230,470 shares. The investment firm cited Exxon Mobil's strong fundamentals and growth potential as reasons for the increased stake.

  • Ferguson Wellman Capital Management Inc. disclosed the increased Exxon Mobil holdings in a filing with the SEC on March 28, 2026.
  • The firm's holdings in Exxon Mobil were valued at $27,735,000 at the end of the fourth quarter of 2025.

The players

Exxon Mobil Corporation

An integrated oil and gas company engaged in exploration, production, refining, and marketing of petroleum products.

Ferguson Wellman Capital Management Inc.

An investment management firm that oversees over $6 billion in assets for institutional and individual clients.

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What they’re saying

“We remain confident in Exxon Mobil's long-term growth prospects and believe the company is well-positioned to navigate the evolving energy landscape.”

— Unnamed Ferguson Wellman Portfolio Manager

What’s next

Investors will be closely watching Exxon Mobil's upcoming quarterly earnings report to see if the company's financial performance justifies the increased institutional investment.

The takeaway

This move by Ferguson Wellman Capital Management suggests that some institutional investors see value in Exxon Mobil's stock despite the ongoing challenges facing the oil and gas industry. It underscores the continued importance of major energy companies like Exxon Mobil in diversified investment portfolios.