State of New Jersey Common Pension Fund D Increases Position in Exxon Mobil Co. (NYSE:XOM)

State of New Jersey Common Pension Fund D boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,658,440 shares of the oil and gas company's stock after purchasing an additional 5,504 shares during the period. Exxon Mobil comprises approximately 0.8% of State of New Jersey Common Pension Fund D's portfolio, making the stock its 18th biggest holding. State of New Jersey Common Pension Fund D's holdings in Exxon Mobil were worth $194,402,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Patron Partners LLC boosted its holdings in shares of Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after purchasing an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock valued at $5,532,000 after buying an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after acquiring an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after buying an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Exxon Mobil by 64.6% during the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock valued at $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOM. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. Truist Financial lowered their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Price Performance

NYSE XOM traded down $0.14 during trading hours on Tuesday, reaching $120.33. The company's stock had a trading volume of 4,861,246 shares, compared to its average volume of 16,311,240. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market cap of $528.86 billion, a PE ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. The company's 50-day moving average is $117.96 and its two-hundred day moving average is $116.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the company earned $2.27 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is 47.32%.

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.