Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Employees Retirement System of Texas

Posted by Defense World Staff on Jul 18th, 2023

Employees Retirement System of Texas raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 66.0% in the 1st quarter, HoldingsChannel reports. The fund owned 1,182,815 shares of the oil and gas company’s stock after acquiring an additional 470,130 shares during the period. Exxon Mobil comprises approximately 1.9% of Employees Retirement System of Texas’ holdings, making the stock its 7th biggest position. Employees Retirement System of Texas’ holdings in Exxon Mobil were worth $129,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Murphy Middleton Hinkle & Parker Inc. raised its holdings in shares of Exxon Mobil by 0.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after purchasing an additional 87 shares during the last quarter. Bank of The West raised its holdings in shares of Exxon Mobil by 0.8% in the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors raised its holdings in shares of Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC raised its holdings in shares of Exxon Mobil by 3.8% in the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the last quarter. Finally, Acorn Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 3.8% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after purchasing an additional 91 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred 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 sale, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on XOM shares. Morgan Stanley increased their target price on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Piper Sandler decreased their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Mizuho decreased their price objective on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Royal Bank of Canada downgraded shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a report on Thursday, June 1st. Finally, UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $124.70.

Exxon Mobil Price Performance

XOM stock opened at $101.38 on Tuesday. The firm has a 50 day moving average of $105.31 and a 200-day moving average of $109.47. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92. The firm has a market capitalization of $409.88 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same period last year, the business earned $2.07 earnings per share. Exxon Mobil’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.45 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.59%. Exxon Mobil’s payout ratio is presently 24.64%.

About Exxon Mobil

(Free Report)

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.