California Public Employees Retirement System Sells 117,072 Shares of Exxon Mobil Co. (NYSE:XOM)

California Public Employees Retirement System reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,080,031 shares of the oil and gas company’s stock after selling 117,072 shares during the period. Exxon Mobil accounts for approximately 0.7% of California Public Employees Retirement System’s portfolio, making the stock its 27th largest holding. California Public Employees Retirement System owned approximately 0.23% of Exxon Mobil worth $907,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares in the last quarter. FMR LLC boosted its stake in Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after buying an additional 4,162,149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Exxon Mobil in the third quarter worth approximately $295,515,000. Canada Pension Plan Investment Board boosted its stake in Exxon Mobil by 21,620,510.0% in the third quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after buying an additional 2,162,051 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Exxon Mobil by 650.5% in the fourth quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock worth $186,452,000 after buying an additional 1,616,417 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.4 %

NYSE XOM opened at $121.05 on Wednesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $479.15 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.14 and a beta of 0.96. The stock’s fifty day moving average price is $112.29 and its 200-day moving average price is $106.41. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping 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 firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the prior year, the firm posted $3.40 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors 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 annualized dividend and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XOM. Mizuho reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Truist Financial boosted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Finally, Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil 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.