Exxon Mobil Co. (NYSE:XOM) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank increased its position in Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares in the last quarter. Quest Partners LLC increased its position in Exxon Mobil by 157.5% during the 3rd quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock worth $1,046,000 after purchasing an additional 5,459 shares in the last quarter. Windle Wealth LLC increased its position in Exxon Mobil by 8.6% during the 3rd quarter. Windle Wealth LLC now owns 58,926 shares of the oil and gas company’s stock worth $6,907,000 after purchasing an additional 4,672 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its position in Exxon Mobil by 0.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 62,104 shares of the oil and gas company’s stock worth $7,280,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Stock Performance

Shares of XOM opened at $113.61 on Wednesday. The business’s fifty day moving average price is $109.56 and its 200 day moving average price is $113.57. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The stock has a market capitalization of $492.95 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. 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 (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 last year, the business earned $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.49%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

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.