California State Teachers Retirement System Raises Stock Position in ExxonMobil Corporation $XOM

Key Points

• California State Teachers Retirement System dramatically increased its ExxonMobil stake by purchasing 691.3 million additional shares in the second quarter, bringing its holdings to 696.2 million shares valued at approximately $95.2 billion, or 16.8% of the company.
• ExxonMobil reported quarterly revenue above expectations, but earnings per share slightly missed consensus estimates. Analysts maintain a consensus “Hold” rating with an average price target of $167.45, while the company declared a $1.03 quarterly dividend.
• The outlook is supported by potentially higher oil prices, tight refining capacity and production growth in Guyana and the Permian Basin, but remains vulnerable to falling crude prices and political or regulatory friction.

California State Teachers Retirement System lifted its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 14,136.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,207,635 shares of the oil and gas company's stock after buying an additional 691,317,352 shares during the period. California State Teachers Retirement System owned approximately 16.80% of ExxonMobil worth $95,185,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 187 shares during the period. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil during the 2nd quarter worth $27,000. Keewaydin Investments LLC purchased a new position in ExxonMobil during the 4th quarter worth $33,000. Finally, Portus Wealth Advisors LLC acquired a new position in ExxonMobil in the first quarter valued at $36,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices and tighter refining capacity could support near-term earnings. Growth from Guyana and the Permian Basin strengthens ExxonMobil’s production outlook. Can ExxonMobil Benefit From the Current Energy Market Tightness?
• Positive Sentiment: ExxonMobil’s dividend remains a key attraction. The company appears positioned for a 44th consecutive annual payout increase, while second-quarter free cash flow exceeded dividend payments by nearly $13 billion. Management has also indicated that free cash flow could potentially double by 2030. 2 Energy Dividend Stocks With Growing Payouts, Led by ExxonMobil
• Positive Sentiment: Recent investment commentary continues to identify XOM as an attractive value and high-yield income stock, which may support demand from long-term and dividend-focused investors. 2 High-Yield Dividend Stocks Worth Buying Right Now
• Neutral Sentiment: The bullish outlook depends heavily on sustained oil prices and refining tightness. ExxonMobil’s latest reported quarter included earnings per share below consensus, although revenue exceeded expectations.
• Negative Sentiment: ExxonMobil was reportedly excluded from a White House meeting with major oil executives focused on gasoline prices, refinery capacity and retail fuel costs. The exclusion was linked to prior political friction over potential investments in Venezuela, creating concerns about regulatory access and political relations. ExxonMobil Was Excluded From a White House Oil Meeting
• Negative Sentiment: A sharp decline in crude prices remains the primary risk to ExxonMobil’s cash flow, earnings and dividend coverage despite its current financial strength. Exxon’s Dividend Looks Safe Today—but What If Oil Prices Tumble?

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. TD Cowen upped their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the company a "buy" rating in a report on Friday, August 7th. HSBC set a $158.00 price target on ExxonMobil in a research report on Monday, August 3rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Freedom Capital upgraded ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Finally, Sanford C. Bernstein dropped their target price on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a report on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $167.45.

ExxonMobil Price Performance

ExxonMobil stock opened at $159.53 on Monday. The company has a market cap of $661.24 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 0.97 and a beta of 0.18. ExxonMobil Corporation has a one year low of $108.35 and a one year high of $176.41. The business has a fifty day moving average of $152.97 and a two-hundred day moving average of $152.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share 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 company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the company earned $1.64 earnings per share. As a group, analysts predict that ExxonMobil Corporation will post 11.98 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio is presently 53.02%.

ExxonMobil Company 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.

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