Exxon Mobil Co. (NYSE:XOM) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,001,782 shares of the oil and gas company's stock after selling 36,635 shares during the quarter. Employees Retirement System of Texas' holdings in Exxon Mobil were worth $107,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in XOM. Principal Financial Group Inc. boosted its position in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank increased its holdings in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after acquiring an additional 641 shares in the last quarter. Castleark Management LLC boosted its stake in Exxon Mobil by 148.7% in the 3rd quarter. Castleark Management LLC now owns 44,200 shares of the oil and gas company's stock worth $5,181,000 after purchasing an additional 26,430 shares in the last quarter. DF Dent & Co. Inc. lifted its stake in shares of Exxon Mobil by 10.9% in the third quarter. DF Dent & Co. Inc. now owns 14,697 shares of the oil and gas company's stock worth $1,723,000 after buying an additional 1,443 shares in the last quarter. Finally, Passive Capital Management LLC. purchased a new stake in shares of Exxon Mobil during the third quarter valued at approximately $200,000. 61.80% of the stock is currently owned by institutional investors.

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Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $5.76 during trading hours on Thursday, reaching $100.04. The company's stock had a trading volume of 17,159,348 shares, compared to its average volume of 15,926,903. The firm has a 50 day moving average price of $110.61 and a 200-day moving average price of $113.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $434.07 billion, a P/E ratio of 12.69, a P/E/G ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a one year low of $97.84 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several research firms recently commented on XOM. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. UBS Group lowered their target price on Exxon Mobil from $146.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday. Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.20.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.