Retirement Systems of Alabama Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Retirement Systems of Alabama lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,480,184 shares of the oil and gas company’s stock after selling 33,304 shares during the period. Exxon Mobil comprises approximately 0.6% of Retirement Systems of Alabama’s holdings, making the stock its 26th largest position. Retirement Systems of Alabama’s holdings in Exxon Mobil were worth $159,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Perpetual Ltd grew its stake in Exxon Mobil by 17.4% during the 3rd quarter. Perpetual Ltd now owns 65,924 shares of the oil and gas company’s stock valued at $7,728,000 after purchasing an additional 9,759 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $1,580,000. CCM Investment Advisers LLC boosted its holdings in shares of Exxon Mobil by 19.8% in the 3rd quarter. CCM Investment Advisers LLC now owns 2,253 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 373 shares during the last quarter. Worth Asset Management LLC grew its position in Exxon Mobil by 2.6% during the 3rd quarter. Worth Asset Management LLC now owns 5,574 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 141 shares during the period. Finally, BWM Planning LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $3,751,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 0.4 %

XOM stock opened at $108.87 on Friday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The company’s 50 day moving average price is $109.59 and its 200 day moving average price is $115.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $478.49 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period last year, the firm earned $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XOM. Scotiabank lowered their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. 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. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.