Employees Retirement System of Texas Sells 36,635 Shares of Exxon Mobil Co. (NYSE:XOM)

Employees Retirement System of Texas decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,001,782 shares of the oil and gas company’s stock after selling 36,635 shares during the quarter. Employees Retirement System of Texas’ holdings in Exxon Mobil were worth $107,762,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 7.3 %

XOM opened at $104.17 on Monday. The firm has a 50 day simple moving average of $111.16 and a 200 day simple moving average of $113.81. Exxon Mobil Co. has a fifty-two week low of $98.75 and a fifty-two week high of $126.34. The company has a market cap of $452.01 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. 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 announced 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 last year, the firm earned $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 business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred 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 owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Truist Financial lifted their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

About Exxon Mobil

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.