Elo Mutual Pension Insurance Co Boosts Holdings in Exxon Mobil Corporation $XOM

Elo Mutual Pension Insurance Co lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.6% during the third quarter, HoldingsChannel reports. The firm owned 380,922 shares of the oil and gas company’s stock after purchasing an additional 42,511 shares during the quarter. Exxon Mobil comprises about 0.7% of Elo Mutual Pension Insurance Co’s holdings, making the stock its 24th largest holding. Elo Mutual Pension Insurance Co’s holdings in Exxon Mobil were worth $42,949,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its position in shares of Exxon Mobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after purchasing an additional 5,573 shares during the period. U.S. Capital Wealth Advisors LLC increased its position in Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after acquiring an additional 9,831 shares during the period. Capital Counsel LLC NY increased its position in Exxon Mobil by 0.9% in the 2nd 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. HORAN Wealth LLC raised its stake in Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 5,788 shares in the last quarter. Finally, Krilogy Financial LLC boosted its position in Exxon Mobil by 46.6% during the 3rd quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock worth $3,997,000 after acquiring an additional 11,177 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 2.7%

Shares of XOM opened at $152.55 on Monday. The business’s 50-day moving average price is $135.64 and its 200 day moving average price is $121.77. The stock has a market capitalization of $635.62 billion, a P/E ratio of 22.80, a P/E/G ratio of 15.82 and a beta of 0.35. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Barclays increased their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. BMO Capital Markets reissued a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Wells Fargo & Company cut their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Finally, Jefferies Financial Group increased their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $140.59.

Insider Buying and Selling 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 value of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Profile

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.