Ilmarinen Mutual Pension Insurance Co Grows Position in Exxon Mobil Co. (NYSE:XOM)

Ilmarinen Mutual Pension Insurance Co increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 630,000 shares of the oil and gas company's stock after purchasing an additional 163,000 shares during the period. Exxon Mobil makes up approximately 0.6% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 19th biggest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Exxon Mobil were worth $67,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Rockline Wealth Management LLC grew its stake in shares of Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after buying an additional 1,498 shares during the last quarter. Renasant Bank raised its position in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Helen Stephens Group LLC increased its stake in shares of Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after acquiring an additional 2,825 shares in the last quarter. Hartford Funds Management Co LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $543,000. Finally, Coldstream Capital Management Inc. grew its stake in shares of Exxon Mobil by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company's stock worth $15,936,000 after buying an additional 16,392 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

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Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company's 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 directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Down 1.6 %

Shares of Exxon Mobil stock traded down $1.70 during trading on Monday, hitting $102.64. The stock had a trading volume of 35,061,819 shares, compared to its average volume of 15,816,989. The firm's fifty day simple moving average is $111.16 and its 200-day simple moving average is $113.81. The stock has a market cap of $445.38 billion, a PE ratio of 13.09, a PEG ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12 month low of $98.59 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the business posted $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $128.20.

About Exxon Mobil

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.