New Mexico Educational Retirement Board Has $28.42 Million Stock Position in ExxonMobil Corporation $XOM

Key Points

• New Mexico Educational Retirement Board increased its ExxonMobil stake by 5.2% in the second quarter, owning 207,853 shares valued at approximately $28.42 million. Institutional investors collectively hold 61.8% of XOM’s outstanding stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $166.10; ten analysts rate the stock Buy and twelve rate it Hold.
• ExxonMobil reported quarterly revenue of $114.53 billion but slightly missed earnings estimates, posting $3.52 per share versus $3.56 expected. The company declared a quarterly dividend of $1.03, equivalent to a 2.6% annualized yield.

New Mexico Educational Retirement Board grew its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,853 shares of the oil and gas company's stock after purchasing an additional 10,200 shares during the period. ExxonMobil makes up approximately 0.7% of New Mexico Educational Retirement Board's holdings, making the stock its 19th largest holding. New Mexico Educational Retirement Board's holdings in ExxonMobil were worth $28,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Capital Management LLC raised its stake in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of ExxonMobil in the 1st quarter valued at $305,000. Sivia Capital Partners LLC grew its holdings in shares of ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock worth $1,211,000 after purchasing an additional 207 shares during the last quarter. United Bank grew its holdings in shares of ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock worth $2,352,000 after purchasing an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its position in shares of ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock worth $3,957,000 after purchasing an additional 5,443 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. UBS Group set a $168.00 price target on shares of ExxonMobil in a report on Friday, August 7th. Freedom Capital raised shares of ExxonMobil from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. HSBC set a $158.00 price objective on shares of ExxonMobil in a report on Monday, August 3rd. Sanford C. Bernstein decreased their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Finally, Weiss Ratings raised ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $166.10.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $156.88 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a market cap of $650.26 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17. The firm has a 50 day simple moving average of $150.53 and a 200 day simple moving average of $151.87. ExxonMobil Corporation has a fifty-two week low of $108.35 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the business posted $1.64 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I'm Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil's Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

About ExxonMobil

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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