State of New Jersey Common Pension Fund D Cuts Holdings in ExxonMobil Corporation $XOM

Key Points

• State of New Jersey Common Pension Fund D trimmed its ExxonMobil stake by 3.3%, selling 49,309 shares and now holds 1,460,549 shares valued at $175.76 million, about 0.6% of the fund and its 20th largest holding.
• Exxon beat Q1 adjusted estimates with $1.16 EPS and $83.16 billion revenue, supported by higher upstream production (including record Guyana output) and LNG starts, but reported a sharp drop in GAAP net income amid Iran‑related shipment disruptions and Strait of Hormuz supply risks.
• Insiders sold shares this quarter (VP Darrin Talley sold 5,000 shares) while Wall Street sentiment is broadly positive with a "Moderate Buy" average and an average target of $161.55, and the company declared a quarterly dividend of $1.03 (2.7% yield).

State of New Jersey Common Pension Fund D trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,460,549 shares of the oil and gas company's stock after selling 49,309 shares during the period. ExxonMobil makes up about 0.6% of State of New Jersey Common Pension Fund D's investment portfolio, making the stock its 20th largest holding. State of New Jersey Common Pension Fund D's holdings in ExxonMobil were worth $175,762,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the 4th quarter valued at about $27,000. Key Capital Management INC purchased a new stake in shares of ExxonMobil during the 4th quarter valued at about $28,000. Westfuller Advisors LLC purchased a new stake in shares of ExxonMobil during the 3rd quarter valued at about $30,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of ExxonMobil during the 4th quarter valued at about $32,000. Finally, DecisionPoint Financial LLC boosted its holdings in shares of ExxonMobil by 968.0% during the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 242 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 adjusted results beat expectations: Exxon reported adjusted EPS and revenue above Street estimates, driven by higher upstream production and strong commodity prices — a near-term earnings tailwind. Exxon beats first-quarter earnings estimate despite hit from Iran conflict
• Positive Sentiment: Production and project wins support growth: Management highlighted record Guyana output and first LNG production at Golden Pass Train 1, confirming longer‑term volume growth that underpins future cash flow. Chevron, Exxon Earnings Show Resilience, But Oil Stocks Retreat
• Positive Sentiment: Management warns of higher oil prices: CEO Darren Woods said the Iran war hasn’t been fully priced into markets and expects further upside in oil — higher prices would boost Exxon’s margins and cash generation. Exxon Mobil CEO expects higher oil prices due to Iran war
• Neutral Sentiment: Broader market tailwinds: U.S. indices are at record highs on earnings strength, which can support cyclical names like Exxon even when company-specific news is mixed. S&P 500 Marks Fifth Weekly Gain, Reaches New Records on Earnings Strength
• Neutral Sentiment: New offshore work expands long‑cycle pipeline: Exxon awarded/subcontract activity (Angola subsea) supports long‑term upstream growth but has limited immediate EPS impact. Exxon Mobil’s Angola Subsea Deal And What It Means For Long Cycle Growth
• Negative Sentiment: Reported net income dropped sharply (unadjusted profit at a multi‑year low) as Iran‑related shipment disruptions and derivative timing effects hit GAAP results — this likely pressured the stock despite the adjusted beat. Exxon Mobil shares slip after net income falls sharply despite earnings beat
• Negative Sentiment: Geopolitical supply risk could worsen: Management warned the Strait of Hormuz disruption and possible export bans/price caps could further tighten supply and disrupt operations — downside to near‑term volumes and earnings if outages persist. Exxon, Chevron profits take hit from Iran war
• Negative Sentiment: Regulatory/legal and political friction: A lawsuit over orphaned well accounting and public pressure (including criticism for resisting calls to boost domestic output) raise governance and reputational risks that could weigh on the stock. Exxon Mobil Lawsuit Tests Orphaned Well Accounting And ESG Risk Perceptions

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction that occurred on Monday, February 2nd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 11,460 shares of company stock worth $1,687,854 over the last quarter. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Zacks Research upgraded ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Loop Capital set a $123.00 price target on ExxonMobil in a research note on Tuesday, February 3rd. Morgan Stanley dropped their price target on ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. Finally, Citigroup raised their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $161.55.

ExxonMobil Price Performance

NYSE XOM opened at $153.10 on Friday. The company has a market capitalization of $636.38 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. 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 business's fifty day moving average is $154.98 and its 200 day moving average is $135.09. ExxonMobil Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.ExxonMobil's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 11.18 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil's payout ratio is currently 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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