California State Teachers Retirement System Sells 532,382 Shares of Exxon Mobil Co. (NYSE:XOM)

California State Teachers Retirement System trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,298,289 shares of the oil and gas company's stock after selling 532,382 shares during the quarter. Exxon Mobil makes up approximately 0.7% of California State Teachers Retirement System's portfolio, making the stock its 21st largest position. California State Teachers Retirement System owned approximately 0.12% of Exxon Mobil worth $569,937,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after acquiring an additional 521,932 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of Exxon Mobil by 7.4% in the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock valued at $657,000 after buying an additional 387 shares in the last quarter. Passumpsic Savings Bank increased its holdings in Exxon Mobil by 50.5% in the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after buying an additional 1,214 shares during the last quarter. Advisory Resource Group lifted its stake in Exxon Mobil by 3.0% in the third quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock valued at $5,123,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its stake in shares of Exxon Mobil by 0.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock worth $1,518,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research report on Friday, January 31st. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Finally, UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $126.50.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $0.21 on Thursday, hitting $105.84. The stock had a trading volume of 18,594,556 shares, compared to its average volume of 15,853,306. The stock has a market cap of $457.80 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The business's 50 day moving average is $109.54 and its two-hundred day moving average is $111.95. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the firm posted $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company's stock.

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.