State of Alaska Department of Revenue Decreases Stake in ExxonMobil Corporation $XOM

Key Points

• State of Alaska Department of Revenue trimmed its ExxonMobil stake by 12.3% in Q4, selling 75,498 shares and ending the quarter with 540,637 shares valued at about $65.06 million (≈0.7% of its portfolio, its 15th largest holding).
• Insider activity shows net selling: VP Darrin L. Talley sold 1,080 shares and insiders disposed of 11,460 shares worth $1.69 million over the past three months, leaving insiders with only 0.03% ownership.
• Market context is broadly positive as several analysts raised price targets (e.g., Morgan Stanley to $172, Jefferies to $184) and the consensus target is $159.20; Exxon also pays a $1.03 quarterly dividend (2.8% yield).

State of Alaska Department of Revenue lowered its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,637 shares of the oil and gas company's stock after selling 75,498 shares during the quarter. ExxonMobil accounts for about 0.7% of State of Alaska Department of Revenue's investment portfolio, making the stock its 15th biggest holding. State of Alaska Department of Revenue's holdings in ExxonMobil were worth $65,059,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XOM. Westfuller Advisors LLC purchased a new position in shares of ExxonMobil in the third quarter worth $30,000. Clayton Financial Group LLC purchased a new position in shares of ExxonMobil in the third quarter worth $40,000. TruNorth Capital Management LLC raised its stake in shares of ExxonMobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 335 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its stake in shares of ExxonMobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company's stock worth $42,000 after purchasing an additional 181 shares during the last quarter. Finally, Marquette Asset Management LLC raised its stake in shares of ExxonMobil by 307.0% in the third quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company's stock worth $46,000 after purchasing an additional 307 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Strait of Hormuz disruption is lifting realized prices and export demand for U.S. barrels, improving near‑term revenue and highlighting Exxon’s role in global supply re‑routing. Exxon Mobil Gains Influence As Hormuz Blockade Rewrites Global Oil Trade
• Positive Sentiment: Exxon and partners signed a drilling contract to start exploratory deepwater work off western Greece, creating upside optionality if finds are commercial — a multi‑year growth catalyst. ExxonMobil, Energean to sign contract for first test gas drilling off Greece in years
• Positive Sentiment: Exxon’s partnerships plan to begin deepwater drilling offshore Greece by 2027, reinforcing the Reuters item and signaling multi‑year exploration investment. ExxonMobil & Partners Plan to Begin Deepwater Drilling Offshore Greece
• Positive Sentiment: Exxon’s near‑exclusive position supplying ultra‑pure (“six nines”) helium to chipmakers is an underappreciated, high‑margin niche that adds diversification and pricing power beyond oil & gas. Chip Makers Need Ultra-Pure Helium and Exxon Is Nearly the Sole Source of Six Nines Purity
• Neutral Sentiment: Exxon agreed to sell Thai gas assets to Horizon Oil — a portfolio reshaping move that could raise cash and simplify operations; market impact depends on deal terms and proceeds. ExxonMobil Signs Agreement to Sell Thai Gas Assets to Horizon Oil
• Negative Sentiment: Physical oil market signals from the North Sea show more offers than bids, suggesting weakening regional demand and falling physical premiums — a potential headwind for refinery margins and short‑term oil pricing. There Are More Offers Than Bids For North Sea Oil
• Negative Sentiment: Exxon warned of a Q1 production decline tied to Middle East disruptions; lower volumes can meaningfully weigh on revenue even if prices remain elevated. Exxon Mobil (XOM) Expects Decline in Q1 Production Amid Middle East Disruptions
• Negative Sentiment: Short‑term market sentiment has turned cautious — recent articles note a pullback in the stock and flags analysts/warners on valuation or risks, contributing to downward pressure on the share price. Exxon Mobil stock just got a warning Wall Street can't ignore

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company's stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 11,460 shares of company stock worth $1,687,854 over the last three months. Insiders own 0.03% of the company's stock.

ExxonMobil Stock Performance

Shares of XOM opened at $149.18 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. ExxonMobil Corporation has a one year low of $101.18 and a one year high of $176.41. The firm has a market capitalization of $620.08 billion, a P/E ratio of 22.30, a PEG ratio of 0.90 and a beta of 0.29. The business has a fifty day moving average of $154.93 and a 200 day moving average of $132.23.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly 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. 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 analyst estimates of $77.98 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. ExxonMobil's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 7.43 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. ExxonMobil's payout ratio is currently 61.58%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley lifted their price objective on ExxonMobil from $134.00 to $172.00 and gave the stock an "overweight" rating in a report on Friday, March 27th. Jefferies Financial Group lifted their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Scotiabank raised ExxonMobil to a "strong-buy" rating in a report on Friday, March 27th. UBS Group reaffirmed a "buy" rating and issued a $171.00 price objective on shares of ExxonMobil in a report on Monday, February 2nd. Finally, Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ExxonMobil currently has an average rating of "Moderate Buy" and a consensus target price of $159.20.

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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