Healthcare of Ontario Pension Plan Trust Fund Has $129.21 Million Position in ExxonMobil Corporation $XOM

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 59.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,073,680 shares of the oil and gas company’s stock after selling 1,605,056 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ExxonMobil were worth $129,207,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in ExxonMobil during the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in ExxonMobil by 456.1% during 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 purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in ExxonMobil during the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil during the 4th quarter worth approximately $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for ExxonMobil, signaling confidence in the company’s profit outlook and providing a supportive fundamental backdrop for the stock.
• Positive Sentiment: Reports that ExxonMobil is exploring potential acquisition targets, including Australia’s Woodside Energy Group, suggest management may be looking to expand its natural gas footprint and pursue growth through M&A. Article: Exxon Mobil evaluates potential buyout of Australia Woodside Energy, Bloomberg News reports
• Positive Sentiment: Investor commentary describing ExxonMobil as a “constructive” value idea, along with articles highlighting its low debt and ability to handle business uncertainty, points to continued appeal as a defensive energy name.
• Positive Sentiment: Broader energy stocks were higher late Friday, which likely lifted ExxonMobil along with the sector. Article: Sector Update: Energy Stocks Higher Late Afternoon
• Neutral Sentiment: Reuters and other outlets also reported that ExxonMobil’s head of global trading is set to retire, but the move looks more like a routine leadership change than a major business disruption. Article: Exxon Mobil set to place Alex Volkov as head of global trading, sources say
• Neutral Sentiment: Articles noting ExxonMobil’s strong one-year share gains may reinforce the stock’s valuation debate, but they are unlikely to be the main driver of near-term trading.
• Negative Sentiment: Exxon’s planned work at its Beaumont, Texas complex could create temporary operational noise, though the notice did not suggest a major outage or earnings issue. Article: Exxon plans work at Beaumont, Texas complex, says online notice

ExxonMobil Price Performance

XOM opened at $146.80 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. The company has a 50 day moving average of $152.09 and a two-hundred day moving average of $142.55. The company has a market cap of $608.47 billion, a P/E ratio of 24.76, a P/E/G ratio of 0.62 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect that ExxonMobil Corporation will post 11.8 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Wells Fargo & Company lifted their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Sanford C. Bernstein lowered their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. HSBC raised their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Ten analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil presently has an average rating of “Hold” and a consensus target price of $165.55.

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.