State of Wisconsin Investment Board Decreases Stock Position in ExxonMobil Corporation $XOM

State of Wisconsin Investment Board lessened its stake in ExxonMobil Corporation (NYSE:XOM) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,208,564 shares of the oil and gas company’s stock after selling 57,401 shares during the quarter. ExxonMobil makes up about 0.6% of State of Wisconsin Investment Board’s holdings, making the stock its 17th biggest holding. State of Wisconsin Investment Board’s holdings in ExxonMobil were worth $265,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Captrust Financial Advisors boosted its holdings in ExxonMobil by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 1,632,385 shares of the oil and gas company’s stock worth $196,441,000 after acquiring an additional 32,147 shares during the period. &PARTNERS boosted its stake in shares of ExxonMobil by 35.3% during the 4th quarter. &PARTNERS now owns 718,874 shares of the oil and gas company’s stock valued at $86,518,000 after buying an additional 187,379 shares during the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of ExxonMobil by 1.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 61,062 shares of the oil and gas company’s stock valued at $7,388,000 after buying an additional 961 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of ExxonMobil during the 4th quarter valued at approximately $31,529,000. Finally, Titan Wealth CI Ltd purchased a new position in shares of ExxonMobil during the 4th quarter valued at approximately $10,054,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM opened at $141.64 on Wednesday. The business’s fifty day moving average price is $151.31 and its 200 day moving average price is $142.92. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The stock has a market capitalization of $587.08 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 0.60 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period last year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts forecast that ExxonMobil Corporation will post 11.8 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.9%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil to Buy from Neutral and set a $154 price target, signaling confidence that the stock is undervalued after its recent pullback. Exxon raised to Buy at BofA as undervalued after recent pullback
• Positive Sentiment: ExxonMobil signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its gas business and adding another potential long-term growth outlet. Exxon Mobil signs deal to supply South Africa’s first planned LNG terminal
• Positive Sentiment: Exxon is moving ahead with a proposed 35-well exploration campaign in Guyana’s Stabroek block, which could support future reserve growth and production expansion. Exxon applies for additional 35-well exploration campaign in Guyana’s Stabroek block
• Neutral Sentiment: Brokerage coverage remains broadly favorable, with consensus sentiment around “Moderate Buy”, suggesting Wall Street still sees upside but not an aggressive near-term catalyst. ExxonMobil Corporation (NYSE:XOM) Given Consensus Rating of “Moderate Buy” by Brokerages
• Negative Sentiment: Oil prices have fallen back below $80, which could pressure ExxonMobil’s near-term earnings and free cash flow if the weaker crude environment persists. Oil Prices Fall Below $80. Why That Could Make Exxon a Buy.
• Negative Sentiment: Broader energy-sector weakness and lower crude prices are weighing on the group, which can cap upside for upstream names like Exxon even when company-specific news is positive. Sector Update: Energy Stocks Decline Pre-Bell Tuesday

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday. Mizuho increased their target price on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Finally, HSBC increased their target price on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus target price of $165.70.

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.