Exxon Mobil Co. (NYSE:XOM) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its position in Exxon Mobil Co. (NYSE:XOM) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,304,904 shares of the oil and gas company’s stock after purchasing an additional 314,486 shares during the quarter. Exxon Mobil comprises 1.0% of New York State Teachers Retirement System’s investment portfolio, making the stock its 13th biggest position. New York State Teachers Retirement System owned 0.11% of Exxon Mobil worth $495,581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. International Assets Investment Management LLC increased its stake in Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after buying an additional 1,539 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $2,776,000. Stockman Wealth Management Inc. increased its stake in Exxon Mobil by 2.8% during the 4th quarter. Stockman Wealth Management Inc. now owns 83,711 shares of the oil and gas company’s stock worth $8,369,000 after buying an additional 2,241 shares during the period. Marks Group Wealth Management Inc increased its stake in Exxon Mobil by 7.8% during the 4th quarter. Marks Group Wealth Management Inc now owns 31,242 shares of the oil and gas company’s stock worth $3,124,000 after buying an additional 2,253 shares during the period. Finally, Monument Group Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $496,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Barclays cut their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. 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 report on Wednesday, July 17th. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Finally, Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Price Performance

Shares of XOM traded up $1.92 during trading hours on Friday, reaching $116.65. The company had a trading volume of 4,199,783 shares, compared to its average volume of 17,027,063. The firm has a 50 day simple moving average of $115.00 and a 200-day simple moving average of $113.68. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $459.95 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.26%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.