North Dakota State Investment Board Acquires Shares of 148,678 ExxonMobil Corporation $XOM

North Dakota State Investment Board acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 148,678 shares of the oil and gas company’s stock, valued at approximately $17,892,000. ExxonMobil comprises 0.7% of North Dakota State Investment Board’s holdings, making the stock its 19th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil in the 4th quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in ExxonMobil in the 4th quarter worth about $28,000. Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil in the 4th quarter worth about $32,000. Finally, DecisionPoint Financial LLC boosted its holdings in ExxonMobil by 968.0% in the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock worth $32,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares in the company, valued at $2,872,955.28. The trade was a 10.56% 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Morgan Stanley lowered their price objective on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Mizuho lifted their price objective on ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Scotiabank lifted their price objective on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, UBS Group lifted their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment 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 data from MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average target price of $163.95.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
• Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
• Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
• Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
• Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals

ExxonMobil Trading Down 0.1%

Shares of ExxonMobil stock opened at $157.72 on Monday. The stock has a market cap of $653.72 billion, a P/E ratio of 26.60, a P/E/G ratio of 0.69 and a beta of 0.19. The stock’s 50 day simple moving average is $155.05 and its 200-day simple moving average is $137.61. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. Analysts predict that ExxonMobil Corporation will post 11.5 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

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.