New York State Common Retirement Fund Lowers Stock Holdings in Exxon Mobil Corporation $XOM

New York State Common Retirement Fund lessened its stake in Exxon Mobil Corporation (NYSE:XOM) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,179,503 shares of the oil and gas company’s stock after selling 423,042 shares during the period. Exxon Mobil accounts for about 0.6% of New York State Common Retirement Fund’s holdings, making the stock its 22nd biggest position. New York State Common Retirement Fund owned approximately 0.10% of Exxon Mobil worth $471,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth approximately $30,000. Bare Financial Services Inc raised its position in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth $40,000. TruNorth Capital Management LLC lifted its stake in shares of Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Investment Research & Advisory Group Inc. purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $42,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Barclays increased their price target on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Citigroup raised their price target on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Jefferies Financial Group upped their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research report on Friday, January 9th. Finally, TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $132.74.

Key Headlines Impacting Exxon Mobil

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

• Positive Sentiment: Exxon and BYD deepen hybrid EV collaboration — a new MoU expands joint R&D, standards work and supply?chain support, reinforcing XOM’s position in low?carbon fuel/lubricant and hybrid tech markets (partnership seen as strategic for long?term demand diversification). BYD & ExxonMobil Boost Cooperation in Hybrid EV Innovation
• Positive Sentiment: Reuters also reports the BYD tie?up — broader confirmation from major media increases credibility and investor interest in the strategic partnership. China’s BYD, Exxon Mobil to deepen hybrid technology partnership
• Positive Sentiment: Exxon advancing carbon capture and low?carbon initiatives — plans to expand CCS projects along the U.S. Gulf Coast (Texas, Louisiana) and evaluate a low?carbon data center could support longer?term emissions targets and access to decarbonization markets. Here’s How XOM Is Using CCS to Cut Emissions & Power Data-Driven World
• Positive Sentiment: UBS reiterates a buy rating — continued buy support from a major bank lends credibility to the bullish case and may underpin upside sentiment. UBS Sticks to Their Buy Rating for Exxon Mobil (XOM)
• Neutral Sentiment: Analyst previews and bullish writeups highlight valuation and dividend support but flag cyclical risks — several pieces argue for a solid long?term case while noting near?term exposure to oil price swings. Exxon: Oil Is Everywhere, Energy Isn’t (Earnings Preview)
• Neutral Sentiment: Market expectations ahead of Q4 earnings are mixed — Zacks pieces note refining strength may offset softer upstream results if crude prices remain subdued; Q4 results are a near?term catalyst. ExxonMobil’s Q4 Earnings on Deck: Should You Stay Invested or Exit?
• Neutral Sentiment: Exploration work: seismic survey offshore Trinidad signals ongoing growth/production optionality, but value will depend on results and timelines. Exxon Advances Trinidad Deepwater Plans as Exploration Work Takes Shape
• Negative Sentiment: Bank of America raised its price target but maintained a neutral rating — the new $135 target sits slightly below current levels, which could cap near?term upside if other analysts echo a cautious stance. BofA price target update (coverage)

Exxon Mobil Trading Up 0.6%

Shares of XOM stock opened at $137.70 on Thursday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $138.01. The stock has a market cap of $580.69 billion, a P/E ratio of 20.01, a P/E/G ratio of 8.92 and a beta of 0.37. The business has a fifty day simple moving average of $121.84 and a 200-day simple moving average of $115.74. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.72 by $0.16. The business had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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.