State of New Jersey Common Pension Fund D Has $176.54 Million Position in Exxon Mobil Co. (NYSE:XOM)

State of New Jersey Common Pension Fund D reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,641,117 shares of the oil and gas company’s stock after selling 17,323 shares during the period. Exxon Mobil comprises about 0.7% of State of New Jersey Common Pension Fund D’s investment portfolio, making the stock its 18th biggest position. State of New Jersey Common Pension Fund D’s holdings in Exxon Mobil were worth $176,535,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in XOM. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Exxon Mobil by 8.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 131,683 shares of the oil and gas company’s stock valued at $15,436,000 after acquiring an additional 10,075 shares in the last quarter. Plimoth Trust Co. LLC boosted its position in shares of Exxon Mobil by 11.6% during the 3rd quarter. Plimoth Trust Co. LLC now owns 48,827 shares of the oil and gas company’s stock valued at $5,724,000 after acquiring an additional 5,057 shares in the last quarter. Community Financial Services Group LLC boosted its position in shares of Exxon Mobil by 1.9% during the 3rd quarter. Community Financial Services Group LLC now owns 168,384 shares of the oil and gas company’s stock valued at $19,738,000 after acquiring an additional 3,113 shares in the last quarter. Evernest Financial Advisors LLC boosted its position in shares of Exxon Mobil by 59.6% during the 3rd quarter. Evernest Financial Advisors LLC now owns 13,764 shares of the oil and gas company’s stock valued at $1,613,000 after acquiring an additional 5,139 shares in the last quarter. Finally, Roof Eidam Maycock Peralta LLC boosted its position in shares of Exxon Mobil by 3.3% during the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 13,043 shares of the oil and gas company’s stock valued at $1,529,000 after acquiring an additional 420 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.1 %

XOM opened at $110.30 on Thursday. The company has a market cap of $484.76 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The firm has a 50 day simple moving average of $108.60 and a 200 day simple moving average of $114.53. 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 Co. has a fifty-two week low of $102.64 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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 issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Exxon Mobil Company 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.