State of New Jersey Common Pension Fund D lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,432,595 shares of the oil and gas company’s stock after selling 15,596 shares during the quarter. Exxon Mobil comprises about 1.0% of State of New Jersey Common Pension Fund D’s investment portfolio, making the stock its 12th biggest holding. State of New Jersey Common Pension Fund D’s holdings in Exxon Mobil were worth $266,758,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $25,000. Dark Forest Capital Management LP purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $27,000. Corrado Advisors LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $28,000. My Personal CFO LLC boosted its holdings in shares of Exxon Mobil by 15,000.0% in the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after buying an additional 300 shares during the last quarter. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Exxon Mobil Trading Up 0.4 %
Shares of XOM opened at $101.38 on Tuesday. The company’s fifty day moving average is $105.31 and its 200 day moving average is $109.47. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The stock has a market capitalization of $409.88 billion, a PE ratio of 6.86, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.59%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, May 1st. Finally, StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $124.70.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by insiders.
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.
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