Ilmarinen Mutual Pension Insurance Co Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Ilmarinen Mutual Pension Insurance Co boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 34.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 630,000 shares of the oil and gas company’s stock after purchasing an additional 163,000 shares during the quarter. Exxon Mobil makes up 0.6% of Ilmarinen Mutual Pension Insurance Co’s portfolio, making the stock its 19th biggest holding. Ilmarinen Mutual Pension Insurance Co’s holdings in Exxon Mobil were worth $67,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of 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 during the last quarter. United Bank boosted its position in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after acquiring an additional 641 shares during the last quarter. Janus Henderson Group PLC boosted its position in Exxon Mobil by 12.8% during the third quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company’s stock worth $67,631,000 after acquiring an additional 65,311 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc raised its holdings in Exxon Mobil by 17.3% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 16,036 shares of the oil and gas company’s stock valued at $1,880,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Exxon Mobil during the third quarter worth $28,084,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Mizuho decreased their price target on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research note on Thursday. Scotiabank cut their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank increased their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays dropped their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Finally, Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.80.

Exxon Mobil Stock Down 7.3 %

XOM stock opened at $104.17 on Friday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The firm has a fifty day moving average price of $111.16 and a two-hundred day moving average price of $113.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $452.01 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $2.48 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated 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 directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

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.