Kentucky Retirement Systems Purchases 1,432 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on May 2nd, 2023

Kentucky Retirement Systems boosted its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,666 shares of the oil and gas company’s stock after buying an additional 1,432 shares during the quarter. Exxon Mobil accounts for approximately 1.4% of Kentucky Retirement Systems’ holdings, making the stock its 9th biggest holding. Kentucky Retirement Systems’ holdings in Exxon Mobil were worth $36,142,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Clear Perspectives Financial Planning LLC raised its stake in shares of Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Exxon Mobil during the third quarter worth about $44,000. Finally, Red Tortoise LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Down 3.1 %

XOM stock opened at $114.67 on Tuesday. Exxon Mobil Co. has a 12 month low of $80.69 and a 12 month high of $119.92. The firm has a market cap of $465.48 billion, a PE ratio of 8.65, a P/E/G ratio of 0.55 and a beta of 1.08. The firm has a 50 day simple moving average of $111.27 and a 200 day simple moving average of $110.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same period in the prior year, the business earned $2.07 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.9 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XOM shares. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Cowen increased their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $125.07.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.