Employees Retirement System of Texas Has $135.06 Million Stake in Exxon Mobil Corporation $XOM

Key Points

• Employees Retirement System of Texas increased its Exxon Mobil stake by 6.7% in Q3 to 1,197,908 shares worth $135.06 million, making XOM roughly 1.1% of the fund and its 16th-largest holding.
• Exxon beat quarterly EPS estimates ($1.71 vs. $1.63), has a market cap of about $639.7 billion, recently paid a $1.03 quarterly dividend (annualized $4.12, ~2.7% yield), and holds a consensus analyst rating of Hold with a $146 average price target.

Employees Retirement System of Texas increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,197,908 shares of the oil and gas company's stock after buying an additional 74,695 shares during the period. Exxon Mobil accounts for about 1.1% of Employees Retirement System of Texas' investment portfolio, making the stock its 16th biggest holding. Employees Retirement System of Texas' holdings in Exxon Mobil were worth $135,064,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company's stock worth $46,468,147,000 after purchasing an additional 1,111,231 shares during the last quarter. Norges Bank bought a new stake in Exxon Mobil in the second quarter valued at about $6,163,719,000. Franklin Resources Inc. lifted its stake in Exxon Mobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock valued at $4,366,655,000 after buying an additional 2,660,910 shares during the period. Capital Research Global Investors lifted its stake in Exxon Mobil by 0.4% in the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company's stock valued at $3,790,773,000 after buying an additional 127,466 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company's stock worth $3,611,553,000 after buying an additional 1,126,912 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM opened at $153.53 on Friday. The stock has a 50 day simple moving average of $141.31 and a 200 day simple moving average of $124.28. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $159.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market capitalization of $639.72 billion, a PE ratio of 22.95, a P/E/G ratio of 1.24 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 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period last year, the company posted $1.67 EPS. The business's quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 61.58%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BNP Paribas Exane cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $125.00 price target for the company. in a research note on Tuesday, February 3rd. Citigroup boosted their price objective on shares of Exxon Mobil from $118.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, March 2nd. Morgan Stanley lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an "overweight" rating for the company in a research note on Friday, January 23rd. Zacks Research upgraded shares of Exxon Mobil from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. Finally, Mizuho set a $140.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $146.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,150 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares of the company's stock, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 16,380 shares of company stock valued at $2,227,734. Insiders own 0.03% of the company's stock.

Key Exxon Mobil News

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

• Positive Sentiment: Geopolitical supply shock: Oil & gas producers (including Exxon) hit record market values as the Iran war and Strait of Hormuz tensions force traders to reprice supply risk, supporting integrated majors’ earnings and refining margins. Article Title
• Positive Sentiment: Iran leadership rhetoric: Iran’s new supreme leader said the Strait of Hormuz should remain a pressure tool — comments that raise near‑term supply risk and underpin higher oil prices. Article Title
• Positive Sentiment: Analyst upgrade: Piper Sandler raised its XOM price target to $186 and reiterated an overweight rating — a catalyst for buying and a formal upside signal to investors. Article Title
• Positive Sentiment: Macro price support: The EIA projects higher 2026 oil averages and WTI topping $90 — a backdrop that supports Exxon’s Permian and Guyana production growth and margin outlook. Article Title
• Positive Sentiment: Market tone from peers: Saudi Aramco’s CEO warned the Iran war could have “catastrophic” market consequences, which reinforces risk‑premium in prices and benefits large integrated producers like Exxon. Article Title
• Positive Sentiment: Company outlook: Exxon presented a target of ~13% CAGR in earnings through 2030 at an investor conference — a direct bullish signal for medium‑term earnings and shareholder return expectations. Article Title
• Neutral Sentiment: Commercial execution: Reuters/Yahoo report Exxon prepared a ~300k‑barrel gasoline shipment from the U.S. Gulf Coast to Australia — a sign of global marketing flexibility but limited near‑term earnings impact. Article Title
• Neutral Sentiment: Investor activity: Surge in options flow and commentary about valuation/dividend popularity suggest increased short‑term trading and interest, which can amplify moves but is not a fundamentals shift. Article Title
• Negative Sentiment: Policy risk: President Trump said he would tap the Strategic Petroleum Reserve to lower energy costs — a move that could dampen crude prices and counter some upside for Exxon if implemented at scale. Article Title

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.