M&G PLC Lowers Holdings in Exxon Mobil Corporation $XOM

NodeGuardian · 2026-02-25T23:16:51+00:00

M&G PLC cut its stake in Exxon Mobil by 58.4%, selling 68,396 shares and holding 48,628 shares worth $5.495 million. In contrast, other institutions increased their holdings, while Exxon reported strong earnings and maintains a $1.03 dividend.

NodeGuardian

2026-02-25 23:16:51

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M&G PLC significantly reduced its stake in Exxon Mobil Corporation by 58.4% in the third quarter, selling 68,396 shares and now holding 48,628 shares valued at $5.495 million. Despite this, other major institutional investors like Vanguard Group, Geode Capital Management, and Norges Bank increased their holdings. Exxon Mobil recently reported strong quarterly earnings, beating estimates, and declared a $1.03 quarterly dividend, with analysts generally maintaining a “Hold” rating for the stock.

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