Exxon Mobil Corporation $XOM Stock Holdings Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,509,858 shares of the oil and gas company’s stock after buying an additional 43,009 shares during the quarter. Exxon Mobil comprises 0.6% of State of New Jersey Common Pension Fund D’s portfolio, making the stock its 20th largest position. State of New Jersey Common Pension Fund D’s holdings in Exxon Mobil were worth $170,236,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil in the third quarter worth $30,000. Clayton Financial Group LLC bought a new stake in Exxon Mobil during the third quarter valued at $40,000. TruNorth Capital Management LLC raised its holdings in shares of Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares during the period. Bare Financial Services Inc lifted its position in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 in the last quarter. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $148.47 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93. The stock’s fifty day moving average is $129.26 and its 200-day moving average is $118.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market capitalization of $626.12 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 15.44 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The business had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.67 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. TD Cowen upped their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $140.59.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.