ExxonMobil Corporation $XOM Shares Purchased by National Pension Service

National Pension Service raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,664,021 shares of the oil and gas company’s stock after acquiring an additional 166,268 shares during the period. ExxonMobil makes up 0.9% of National Pension Service’s portfolio, making the stock its 22nd biggest position. National Pension Service’s holdings in ExxonMobil were worth $1,321,265,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Avant Capital LLC grew its holdings in shares of ExxonMobil by 0.6% during the 2nd quarter. Avant Capital LLC now owns 11,182 shares of the oil and gas company’s stock worth $1,529,000 after purchasing an additional 65 shares during the period. Impact Partnership Wealth LLC raised its holdings in ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after buying an additional 67 shares during the period. Cardinal Strategic Wealth Guidance lifted its position in ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 68 shares in the last quarter. Core Wealth Advisors Inc. grew its stake in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock worth $1,155,000 after buying an additional 68 shares during the period. Finally, ICW Investment Advisors LLC grew its stake in ExxonMobil by 0.3% during the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after buying an additional 69 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

Shares of XOM stock opened at $164.41 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company’s fifty day moving average price is $154.49 and its two-hundred day moving average price is $152.54. The firm has a market capitalization of $681.48 billion, a P/E ratio of 21.16, a P/E/G ratio of 0.98 and a beta of 0.18. ExxonMobil Corporation has a 12 month low of $110.39 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 11.98 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. TD Cowen upped their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays cut their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 target price on shares of ExxonMobil in a research report on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $167.45.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: New Angola oil discovery: ExxonMobil, Angola’s National Oil, Gas and Biofuels Agency and Block 15 partners announced an oil discovery at the Vicango Este-01 exploration well. The discovery—reported as the 20th in Block 15—could strengthen ExxonMobil’s long-term production pipeline, although its eventual financial contribution depends on appraisal and development. Angola offshore discovery article
• Positive Sentiment: Oil-price tailwind: Brent crude moved above $100 a barrel and West Texas Intermediate surpassed $95 as Middle East tensions increased supply-risk concerns. Higher crude prices generally support ExxonMobil’s upstream earnings and cash flow, helping explain the stock’s advance. Energy ETFs and oil prices article
• Positive Sentiment: Portfolio and balance-sheet support: ExxonMobil is set to assume operatorship of Papua LNG from TotalEnergies, while its Pioneer subsidiary launched cash tender offers for $2.1 billion of senior notes. The transactions may improve portfolio control and optimize debt, reinforcing the company’s financial flexibility. Papua LNG operatorship article
• Neutral Sentiment: Investor presentation and valuation: ExxonMobil’s Barclays energy conference presentation highlighted its operating strategy and exposure to favorable oil prices. Commentary noted that the stock has gained substantially this year and could approach $200 if crude prices and earnings remain strong, but that outcome is highly dependent on external commodity markets. ExxonMobil oil prices and $200 outlook
• Negative Sentiment: Key risks remain: Analysts and commentators warned that the recent rally may rely heavily on a temporary “war premium” in crude prices. ExxonMobil also faces ongoing uncertainty around Kazakhstan’s Kashagan environmental dispute and potential political risk in Venezuela. Kashagan dispute article

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.