VIRGINIA RETIREMENT SYSTEMS ET Al Invests $164.16 Million in ExxonMobil Corporation $XOM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,200,713 shares of the oil and gas company’s stock, valued at approximately $164,161,000. ExxonMobil comprises about 1.0% of VIRGINIA RETIREMENT SYSTEMS ET Al’s investment portfolio, making the stock its 14th largest holding.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System lifted its holdings in ExxonMobil by 14,136.6% during the 2nd 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 in the last quarter. Norges Bank purchased a new position in shares of ExxonMobil during the fourth quarter worth approximately $7,625,063,000. GQG Partners LLC boosted its holdings in shares of 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 bought a new position in ExxonMobil in the first quarter worth approximately $965,932,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ExxonMobil during the 1st quarter worth $766,345,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Mizuho cut their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Bank of America downgraded shares of ExxonMobil from a “buy” rating to a “neutral” rating and increased their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, UBS Group set a $168.00 price target on shares of ExxonMobil in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil has an average rating of “Hold” and a consensus target price of $167.45.

Key Headlines Impacting ExxonMobil

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?

ExxonMobil Trading Up 0.0%

NYSE:XOM opened at $159.53 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $152.97 and a 200-day simple moving average of $152.28. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41. The company has a market capitalization of $661.24 billion, a P/E ratio of 20.53, a PEG ratio of 0.97 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the firm posted $1.64 EPS. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.98 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

About ExxonMobil

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.