New York State Common Retirement Fund Has $535.84 Million Stake in Exxon Mobil Co. (NYSE:XOM)

New York State Common Retirement Fund decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,359,498 shares of the oil and gas company’s stock after selling 536,781 shares during the quarter. Exxon Mobil makes up about 0.7% of New York State Common Retirement Fund’s investment portfolio, making the stock its 17th largest position. New York State Common Retirement Fund owned 0.14% of Exxon Mobil worth $535,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Traynor Capital Management Inc. grew its holdings in shares of Exxon Mobil by 4.2% in the third quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 94 shares in the last quarter. Money Concepts Capital Corp grew its holdings in Exxon Mobil by 3.1% during the third quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after purchasing an additional 95 shares during the period. Defined Wealth Management LLC grew its holdings in Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares during the period. Well Done LLC grew its holdings in Exxon Mobil by 0.8% during the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock valued at $1,462,000 after purchasing an additional 97 shares during the period. Finally, Crown Wealth Group LLC grew its holdings in Exxon Mobil by 2.4% during the third quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4 %

Shares of XOM stock opened at $121.05 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $479.15 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.14 and a beta of 0.96. The business’s fifty day moving average is $112.29 and its 200 day moving average is $106.41.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter last year, the business posted $3.40 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.14%. Exxon Mobil’s payout ratio is 42.74%.

Analysts Set New Price Targets

Several equities analysts have weighed in on XOM shares. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. TD Cowen increased their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Truist Financial increased their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

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.