ExxonMobil Corporation $XOM Shares Sold by Arizona State Retirement System

Key Points

• Arizona State Retirement System cut its ExxonMobil stake by 4.1%, selling 51,417 shares and now holds 1,207,146 shares worth about $145.27 million, roughly 0.8% of its portfolio and the fund's 14th largest position.
• ExxonMobil has recent operational positives — including the shipment of the first LNG cargo from Golden Pass and a $150M contract award for Guyana — and multiple analysts have raised targets, leaving a consensus rating of Moderate Buy with a target around $161.55.
• Insiders have been net sellers (VP Darrin L. Talley sold 5,000 shares; 11,460 shares sold over the past 90 days), with insiders owning 0.03% of stock while institutional investors and hedge funds hold about 61.8%.

Arizona State Retirement System lowered its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,207,146 shares of the oil and gas company's stock after selling 51,417 shares during the quarter. ExxonMobil accounts for approximately 0.8% of Arizona State Retirement System's investment portfolio, making the stock its 14th largest position. Arizona State Retirement System's holdings in ExxonMobil were worth $145,268,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Key Capital Management INC bought a new stake in ExxonMobil during the fourth quarter worth approximately $28,000. Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil in the fourth quarter worth approximately $32,000. Westfuller Advisors LLC bought a new position in shares of ExxonMobil in the third quarter valued at $30,000. Clayton Financial Group LLC acquired a new stake in shares of ExxonMobil during the 3rd quarter valued at $40,000. Finally, TruNorth Capital Management LLC lifted its position in shares of ExxonMobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company's stock valued at $40,000 after acquiring an additional 335 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon and QatarEnergy shipped the first LNG cargo from the Golden Pass export terminal — a commercial milestone that supports longer‑term gas export volumes and cash flow potential. Exxon, QatarEnergy ship first LNG cargo from Golden Pass export terminal
• Positive Sentiment: XOM awarded Saipem a $150M contract for engineering and procurement on the Guyana Longtail development — progress on Guyana projects supports production growth guidance and project de‑risking. ExxonMobil Awards Saipem $150M Contract for Longtail Development
• Positive Sentiment: Short interest fell sharply in April (down ~19% vs. March) to ~43M shares, reducing a potential short squeeze risk and signalling some bearish positions were closed. Source: short interest release
• Positive Sentiment: Zacks upgraded Exxon from "hold" to "strong-buy," which can attract buy-side interest and retail flows following the upgrade. Zacks upgrade coverage
• Positive Sentiment: Analyst commentary highlights production gains and the company’s low‑carbon/clean energy initiatives, reinforcing longer‑term upside narratives after a strong YTD rally. Zacks Analyst Blog on ExxonMobil
• Neutral Sentiment: Reports say Exxon is weighing a sale of its Esso retail network in Hong Kong as it refocuses capital in Asia — proceeds could be redeployed to higher‑return projects, but the move is a strategic reshuffle rather than an immediate EPS driver. Exxon Mobil Weighs Hong Kong Esso Sale And Refocuses Capital Priorities
• Neutral Sentiment: Exxon is raising plastics prices amid sector supply disruptions — supports near‑term margins in chemicals but exposure is mixed given cyclical demand. This Is Why Exxon Mobil Is Hiking Plastics Prices
• Neutral Sentiment: Options/income‑strategy writeups promote yield plays on XOM stock — may increase retail option activity but are not a fundamental earnings driver. Turn Exxon Mobil Stock into an Income Machine with This Options Play
• Negative Sentiment: Zacks preview notes analysts expect a decline in upcoming EPS, suggesting Exxon lacks the mix for a likely earnings beat — weak near‑term results would pressure the stock. Analysts Estimate Exxon Mobil to Report a Decline in Earnings
• Negative Sentiment: Coverage noting that the long oil trade is cooling and XOM/CVX have pulled back after big YTD gains — sentiment rotation and profit‑taking are weighing on shares. Exxon and Chevron Up 20%+ YTD – Why the Long Oil Trade Is Stalling Out

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares of the company's stock, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XOM shares. Barclays lifted their target price on ExxonMobil from $145.00 to $163.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. JPMorgan Chase & Co. upped their target price on ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. Bank of America increased their price target on ExxonMobil from $135.00 to $151.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. Mizuho lifted their price target on ExxonMobil from $140.00 to $162.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 17th. Finally, Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.55.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $148.90 on Monday. The company's fifty day moving average is $154.75 and its two-hundred day moving average is $134.13. The company has a market cap of $618.89 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 0.75 and a beta of 0.29. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM - Get Free Report) last issued 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. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion during the quarter, compared to analysts' expectations of $77.98 billion. During the same quarter last year, the firm posted $1.67 earnings per share. ExxonMobil's revenue was down 1.3% compared to the same quarter last year. Equities analysts expect that ExxonMobil Corporation will post 9.94 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil's dividend payout ratio (DPR) is presently 61.58%.

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.

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