ExxonMobil Corporation $XOM Stock Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 about 0.9% of Oregon Public Employees Retirement Fund’s investment 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 hedge funds and other institutional investors have also made changes to their positions in the business. NBT Bank N.A. acquired a new stake in ExxonMobil in the 3rd quarter valued at approximately $26,000. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil during the 2nd quarter valued at $27,000. Atlantic Private Wealth LLC boosted its position in ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the period. Financial Connections Group Inc. acquired a new position in ExxonMobil during the 1st quarter worth $53,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in 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 during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ExxonMobil

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

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. BNP Paribas Exane decreased their price target on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. BMO Capital Markets lifted their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Wall Street Zen raised shares of ExxonMobil from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Finally, William Blair initiated coverage on shares of ExxonMobil in a research report on Wednesday, October 28th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has an average rating of “Moderate Buy” and an average price target of $168.70.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $177.50 on Wednesday. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $188.50. The stock has a market cap of $735.72 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.90 and a beta of 0.16. The stock’s 50 day moving average price is $168.33 and its 200 day moving average price 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.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The firm had revenue of $110.50 billion during the quarter, compared to analyst estimates of $104.89 billion. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. During the same period last year, the company posted $1.88 EPS. Equities research analysts anticipate that ExxonMobil Corporation will post 13.61 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. 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.