Oregon Public Employees Retirement Fund Sells 4,422 Shares of ExxonMobil Corporation $XOM

Oregon Public Employees Retirement Fund decreased its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 0.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 478,500 shares of the oil and gas company’s stock after selling 4,422 shares during the quarter. ExxonMobil makes up 1.1% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 14th largest holding. Oregon Public Employees Retirement Fund’s holdings in ExxonMobil were worth $81,182,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Capital Investment Advisors LLC grew its holdings in ExxonMobil by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC bought a new position in shares of ExxonMobil during the 4th quarter valued at approximately $28,728,000. CIBC Bancorp USA Inc. bought a new position in shares of ExxonMobil during the 3rd quarter valued at approximately $67,907,000. Finally, King Luther Capital Management Corp grew its holdings in shares of ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after purchasing an additional 38,492 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

  • Positive Sentiment: ExxonMobil said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
  • Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
  • Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
  • Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
  • Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
  • Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. HSBC upped their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. TD Cowen dropped their price objective on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target for the company in a report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.45.

Read Our Latest Stock Report on ExxonMobil

ExxonMobil Stock Down 0.0%

Shares of XOM opened at $138.84 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $146.22 and a 200 day moving average of $145.57. The company has a market cap of $575.47 billion, a PE ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.17. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. On average, sell-side analysts expect that ExxonMobil Corporation will post 11.69 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

About ExxonMobil

(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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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