Oregon Public Employees Retirement Fund cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 0.8% in the 3rd quarter, Holdings Channel reports. The firm owned 505,537 shares of the oil and gas company’s stock after selling 4,180 shares during the period. ExxonMobil makes up approximately 0.9% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 16th largest holding. Oregon Public Employees Retirement Fund’s holdings in ExxonMobil were worth $82,276,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. NBT Bank N.A. acquired a new position in ExxonMobil in the third quarter worth approximately $26,000. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil in the second quarter valued at $27,000. Atlantic Private Wealth LLC lifted its position in shares of ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil during the 1st quarter valued at $53,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of ExxonMobil by 53.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 113 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on XOM shares. William Blair started coverage on ExxonMobil in a report on Wednesday, October 28th. They issued a “market perform” rating on the stock. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. BNP Paribas Exane cut their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, July 17th. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a report on Tuesday, August 4th. Finally, Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.70.
View Our Latest Analysis on XOM
More ExxonMobil News
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Exxon beat third-quarter earnings expectations, with adjusted EPS of $4.23. Refining strength, improved margins and record downstream utilization helped offset weaker upstream earnings. How Investors Are Reacting To ExxonMobil Stock Earnings
- Positive Sentiment: Investors are also receiving substantial cash returns: Exxon raised its quarterly dividend to $1.07 per share and increased its share-repurchase authorization to $110 billion. UBS raised its price target to $213 and kept a Buy rating after the results. UBS raises ExxonMobil price target
- Positive Sentiment: XOM’s move above its 200-day moving average is a technical signal some investors view as supportive of a longer-term uptrend. The company also took a 50% stake in Mozambique LNG, adding to its long-term growth opportunities. ExxonMobil crosses its 200-day moving average
- Neutral Sentiment: Oil traders are weighing conflicting signals about U.S.-Iran tensions and the possibility of a deal. Any change in perceived supply risk could move crude prices—and Exxon’s upstream outlook—in either direction. Report on U.S.-Iran tensions and oil markets
- Negative Sentiment: After a strong run, XOM’s valuation is considered elevated, leaving less room for disappointment. Upstream earnings declined sequentially, and lower crude prices could add pressure; the retreat from recent highs suggests investors are taking profits and reassessing how much good news is already priced in. ExxonMobil stock valuation and outlook
ExxonMobil Stock Down 1.2%
XOM stock opened at $177.50 on Wednesday. ExxonMobil Corporation has a 52-week low of $112.51 and a 52-week high of $188.50. The company’s 50 day simple moving average is $168.33 and its 200-day simple moving average is $154.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.92. The firm has a market capitalization of $735.72 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 0.16.
ExxonMobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, beating the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The business had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 13.61 EPS for the current year.
ExxonMobil Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be paid a dividend of $1.07 per share. This is an increase from ExxonMobil’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.4%. ExxonMobil’s dividend payout ratio (DPR) is presently 42.34%.
ExxonMobil Profile
Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.
Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.
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