VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in ExxonMobil Corporation (NYSE:XOM – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 1,200,713 shares of the oil and gas company’s stock, valued at approximately $164,161,000. ExxonMobil accounts for approximately 1.0% of VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings, making the stock its 14th biggest position.
Several other large investors have also recently made changes to their positions in XOM. California State Teachers Retirement System grew its position in ExxonMobil by 14,136.6% during the second quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock valued at $95,185,508,000 after buying an additional 691,317,352 shares during the period. Norges Bank acquired a new position in ExxonMobil in the 4th quarter worth about $7,625,063,000. GQG Partners LLC grew its holdings in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares during the period. Quantum Portfolio Management LLC acquired a new position in shares of ExxonMobil during the 1st quarter worth approximately $965,932,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of ExxonMobil during the 1st quarter valued at approximately $766,345,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.
ExxonMobil Price Performance
ExxonMobil stock opened at $159.53 on Monday. The company has a fifty day simple moving average of $152.97 and a 200-day simple moving average of $152.28. The firm has a market capitalization of $661.24 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.97 and a beta of 0.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 52-week low of $108.35 and a 52-week high of $176.41.
ExxonMobil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
- Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
- Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
- Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
- Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
- Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?
Analyst Ratings Changes
XOM has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Sanford C. Bernstein dropped their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. HSBC set a $158.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and raised their price target for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Finally, Piper Sandler lifted their price objective on ExxonMobil from $158.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $167.45.
View Our Latest Analysis on XOM
ExxonMobil Company Profile
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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