State of New Jersey Common Pension Fund D lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,641,117 shares of the oil and gas company's stock after selling 17,323 shares during the period. Exxon Mobil comprises approximately 0.7% of State of New Jersey Common Pension Fund D's holdings, making the stock its 18th biggest holding. State of New Jersey Common Pension Fund D's holdings in Exxon Mobil were worth $176,535,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in XOM. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $48,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred 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 sale, the vice president now owns 18,087 shares of the company's stock, 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. 0.03% of the stock is currently owned by company insiders.
Exxon Mobil Stock Performance
Shares of NYSE:XOM traded down $1.16 during trading on Friday, hitting $110.84. 6,684,855 shares of the company traded hands, compared to its average volume of 14,759,757. The stock has a market capitalization of $487.14 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a one year low of $102.88 and a one year high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $108.60 and its 200-day moving average is $114.52.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the company earned $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.57%. Exxon Mobil's dividend payout ratio is presently 50.51%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on XOM shares. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.25.
Check Out Our Latest Stock Report on XOM
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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