Employees Retirement System of Texas Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Employees Retirement System of Texas cut its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,782 shares of the oil and gas company's stock after selling 36,635 shares during the quarter. Exxon Mobil accounts for 0.9% of Employees Retirement System of Texas' investment portfolio, making the stock its 20th largest position. Employees Retirement System of Texas' holdings in Exxon Mobil were worth $107,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. BMO Capital Markets dropped their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Piper Sandler reiterated a "hold" rating on shares of Exxon Mobil in a research report on Wednesday. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Down 1.4%

Shares of Exxon Mobil stock traded down $1.42 during trading hours on Wednesday, hitting $102.10. The company's stock had a trading volume of 14,251,325 shares, compared to its average volume of 15,540,489. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a fifty day moving average of $107.77 and a 200-day moving average of $110.08. The stock has a market cap of $440.01 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 EPS. The company's quarterly revenue was up .1% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.