Maryland State Retirement & Pension System lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,282 shares of the oil and gas company's stock after selling 16,068 shares during the quarter. Maryland State Retirement & Pension System's holdings in Exxon Mobil were worth $26,062,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in shares of Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after acquiring an additional 395,218 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after purchasing an additional 700,415 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on XOM. BMO Capital Markets cut their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $129.15.
Check Out Our Latest Stock Analysis on XOM
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was 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 owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.
Exxon Mobil Price Performance
Shares of NYSE XOM traded down $0.60 during mid-day trading on Friday, reaching $115.30. The company had a trading volume of 41,069,424 shares, compared to its average volume of 14,963,745. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $500.29 billion, a PE ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a 50-day moving average price of $110.09 and a two-hundred day moving average price of $113.58.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 previous year, the company posted $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio is 50.51%.
About Exxon Mobil
(
Free Report)
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.
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