New Mexico Educational Retirement Board Purchases 35,800 Shares of Exxon Mobil Co. (NYSE:XOM)

New Mexico Educational Retirement Board raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,130 shares of the oil and gas company's stock after buying an additional 35,800 shares during the period. Exxon Mobil makes up approximately 1.0% of New Mexico Educational Retirement Board's portfolio, making the stock its 9th largest position. New Mexico Educational Retirement Board's holdings in Exxon Mobil were worth $28,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its position in shares of Exxon Mobil by 1.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company's stock worth $5,885,000 after purchasing an additional 636 shares during the last quarter. Elevatus Welath Management lifted its position in shares of Exxon Mobil by 10.0% during the 3rd quarter. Elevatus Welath Management now owns 7,112 shares of the oil and gas company's stock worth $836,000 after purchasing an additional 649 shares during the last quarter. Legacy Advisors LLC lifted its position in shares of Exxon Mobil by 49.1% during the 3rd quarter. Legacy Advisors LLC now owns 18,969 shares of the oil and gas company's stock worth $2,230,000 after purchasing an additional 6,245 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 2.2% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 24,881 shares of the oil and gas company's stock worth $2,925,000 after purchasing an additional 525 shares during the last quarter. Finally, LaSalle St. Investment Advisors LLC lifted its position in shares of Exxon Mobil by 28.8% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 45,080 shares of the oil and gas company's stock worth $5,300,000 after purchasing an additional 10,080 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company's stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. UBS Group lifted their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a "buy" rating in a research note on Tuesday, June 25th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. Finally, HSBC lifted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a "hold" rating in a research note on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $133.82.

Exxon Mobil Price Performance

XOM stock traded down $0.16 during trading on Monday, reaching $114.96. 11,936,929 shares of the company were exchanged, compared to its average volume of 18,315,027. The company has a market cap of $453.29 billion, a P/E ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock's 50 day moving average price is $115.25 and its 200 day moving average price is $109.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.83 EPS. As a group, analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.

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.