Kentucky Retirement Systems Insurance Trust Fund Sells 8,292 Shares of Exxon Mobil Corporation $XOM

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,626 shares of the oil and gas company’s stock after selling 8,292 shares during the quarter. Exxon Mobil makes up approximately 0.9% of Kentucky Retirement Systems Insurance Trust Fund’s investment portfolio, making the stock its 15th largest position. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Exxon Mobil were worth $12,896,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Linscomb Wealth Inc. boosted its stake in Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares in the last quarter. Capital Counsel LLC NY boosted its position in shares of Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after acquiring an additional 460 shares during the period. OneAscent Wealth Management LLC grew its stake in shares of Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after acquiring an additional 4,123 shares in the last quarter. Finally, Wealth Management Associates Inc. grew its stake in shares of Exxon Mobil by 2.7% in the first quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock valued at $3,147,000 after acquiring an additional 691 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.6%

NYSE XOM opened at $118.77 on Monday. The business has a fifty day moving average price of $115.60 and a two-hundred day moving average price of $112.29. The stock has a market capitalization of $500.88 billion, a PE ratio of 17.26, a PEG ratio of 7.48 and a beta of 0.38. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion for the quarter. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XOM. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group increased their price target on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America dropped their price objective on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.24.

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.