Pacer Advisors Inc. Has $469.94 Million Stock Holdings in ExxonMobil Corporation $XOM

Pacer Advisors Inc. cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 10.1% during the fourth quarter, Holdings Channel reports. The fund owned 3,905,061 shares of the oil and gas company’s stock after selling 439,672 shares during the quarter. ExxonMobil comprises about 0.7% of Pacer Advisors Inc.’s holdings, making the stock its 7th biggest holding. Pacer Advisors Inc.’s holdings in ExxonMobil were worth $469,935,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock worth $9,043,836,000 after purchasing an additional 1,457,560 shares during the period. Norges Bank bought a new position in shares of ExxonMobil in the fourth quarter valued at about $7,625,063,000. Bank of New York Mellon Corp lifted its stake in shares of ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after buying an additional 531,362 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after buying an additional 445,283 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. HSBC upped their target price on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Piper Sandler reduced their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average target price of $165.70.

ExxonMobil Stock Performance

ExxonMobil stock opened at $137.84 on Friday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $149.98 and its two-hundred day moving average price is $143.22. The stock has a market cap of $571.36 billion, a PE ratio of 23.25, a P/E/G ratio of 0.58 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s production has reached its highest level in more than 40 years, supported by aggressive output growth in Guyana, Texas, and Papua New Guinea. Higher volumes at lower costs should support cash flow and investor confidence. Article: Darren Woods’ Game Plan at Exxon Mobil: Produce More Oil for Less Money
• Positive Sentiment: ExxonMobil is expanding its long-term growth pipeline in Guyana’s Stabroek Block, with plans to drill up to 35 new exploration and appraisal wells from 2028 through 2033. This could extend reserve growth and future production. Article: ExxonMobil Advances New Exploration Push in Guyana’s Stabroek Block
• Neutral Sentiment: ExxonMobil reportedly struck a deal with ZET for South Africa’s first LNG terminal, highlighting continued international LNG expansion efforts. This is strategically constructive, but the near-term stock impact is unclear. Article: ExxonMobil and ZET strike deal for South Africa’s first LNG terminal
• Neutral Sentiment: Commentary suggesting ExxonMobil could pursue another megamerger or LNG acquisition may support long-term strategic speculation, but it is not a confirmed catalyst. Article: ExxonMobil Has Its Sights on Its Next Megamerger. Here’s the Oil Stock It Should Buy.
• Negative Sentiment: ExxonMobil shares fell alongside other oil stocks after the U.S. and Iran reached an interim agreement that could reopen the Strait of Hormuz and lift sanctions on Tehran’s oil. The deal pressures crude prices, which can reduce upstream earnings for XOM. Article: ExxonMobil and Occidental Petroleum Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent market commentary notes ExxonMobil has been under sustained selling pressure over the past days and weeks, reflecting weaker oil prices and a softer sector backdrop. Article: Exxon Mobil (XOM) Stock Could Be 18.9% Undervalued Despite Recent Pullback

ExxonMobil Profile

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.