California Public Employees Retirement System Acquires 291,628 Shares of Exxon Mobil Corporation $XOM

Key Points

• California Public Employees Retirement System boosted its Exxon stake by 3.7%, purchasing 291,628 shares to hold 8,274,725 shares valued at about $933 million, making XOM its 24th-largest position.
• Exxon recently beat quarterly EPS estimates ($1.71 vs. $1.63), pays a $1.03 quarterly dividend (annualized $4.12, ~2.6% yield), and has attracted analyst target increases (e.g., Piper Sandler to $186) while the consensus target sits near $146.

California Public Employees Retirement System lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,274,725 shares of the oil and gas company's stock after purchasing an additional 291,628 shares during the period. Exxon Mobil comprises 0.6% of California Public Employees Retirement System's holdings, making the stock its 24th biggest position. California Public Employees Retirement System owned 0.20% of Exxon Mobil worth $932,975,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Chilton Investment Co. Inc. increased its holdings in Exxon Mobil by 39.5% during the third quarter. Chilton Investment Co. Inc. now owns 37,669 shares of the oil and gas company's stock valued at $4,247,000 after buying an additional 10,659 shares during the period. Bank of Nova Scotia lifted its holdings in Exxon Mobil by 47.3% during the third quarter. Bank of Nova Scotia now owns 704,777 shares of the oil and gas company's stock worth $79,464,000 after buying an additional 226,429 shares during the period. Beck Mack & Oliver LLC boosted its position in Exxon Mobil by 7.0% during the 3rd quarter. Beck Mack & Oliver LLC now owns 48,079 shares of the oil and gas company's stock valued at $5,421,000 after acquiring an additional 3,145 shares in the last quarter. Boothbay Fund Management LLC boosted its position in Exxon Mobil by 309.4% during the 3rd quarter. Boothbay Fund Management LLC now owns 10,272 shares of the oil and gas company's stock valued at $1,158,000 after acquiring an additional 7,763 shares in the last quarter. Finally, Brass Tax Wealth Management Inc. increased its holdings in shares of Exxon Mobil by 11.6% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 8,523 shares of the oil and gas company's stock valued at $961,000 after acquiring an additional 883 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Geopolitical shock: oil prices have jumped on the Iran conflict, lifting market expectations for higher revenue and margins at integrated oil majors like Exxon. Oil Price Back to the Glory Days: Will XOM, EOG & COP Gain?
• Positive Sentiment: Energy-sector rally: coverage notes Exxon and peers rising this week as investors price in a protracted supply disruption, which benefits upstream and refining margins. Why Exxon and Energy Stocks Finally Started to Rise This Week as the Iran War Escalated
• Positive Sentiment: Analyst upgrade/target lift: Piper Sandler raised XOM’s price target to $186 and moved to overweight — a notable bullish signal from a major shop that can attract fund buying. Piper Sandler raises XOM price target
• Positive Sentiment: Macro support: the EIA and other outlets project higher 2026 oil averages and WTI/Brent levels above recent ranges, underpinning earnings upside from Exxon’s Permian and Guyana production. EIA Projects Higher Oil Price in 2026: What Lies Ahead for ExxonMobil?
• Positive Sentiment: Company fundamentals/strategy: Exxon reiterated multi-year growth targets (13% EPS CAGR to 2030 at investor events) and is expanding carbon capture capacity (new Louisiana project, ~3.2 MTA across sites), which supports both near-term cash flow and longer-term positioning. Here's How XOM is Actively Involved in Improving Air Quality Via CCS
• Neutral Sentiment: S&P attention/outlook shift: coverage highlights Exxon drawing attention in index/rebalancing conversations after an outlook shift — can boost flows but impact is timing-dependent. Exxon Mobil Draws S&P 500 Attention After Outlook Shift
• Negative Sentiment: Policy offset risk: President Trump signaled tapping the Strategic Petroleum Reserve to lower fuel costs — a move that could blunt crude’s rally and reduce upside for Exxon if implemented at scale. Iran war: Trump says he'll tap Strategic Petroleum Reserve to cut energy costs
• Negative Sentiment: Market volatility/consumer pushback: broader equity market drops and commentary that high oil prices won’t immediately trigger more drilling inject uncertainty into capital allocation and cyclical demand trends. Markets are reeling from high oil prices. But that doesn't mean more drilling.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research report on Monday, December 29th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, January 16th. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a report on Tuesday, February 3rd. UBS Group reissued a "buy" rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Finally, Jefferies Financial Group raised their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $146.00.

Insider Activity

In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company's stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 16,380 shares of company stock worth $2,227,734 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 1.8%

Exxon Mobil stock opened at $156.29 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $159.60. The business has a fifty day moving average price of $141.99 and a 200-day moving average price of $124.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a market capitalization of $651.20 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.28 and a beta of 0.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil's dividend payout ratio is 61.58%.

Exxon Mobil Company Profile

Exxon Mobil 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.

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