Employees Retirement System of Texas Sells 36,635 Shares of Exxon Mobil Co. (NYSE:XOM)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Capital Management LLC raised its position in shares of Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares in the last quarter. Altus Wealth Group LLC lifted its stake in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares in the last quarter. Field & Main Bank increased its position in shares of Exxon Mobil by 0.4% during the 4th quarter. Field & Main Bank now owns 23,495 shares of the oil and gas company's stock valued at $2,527,000 after purchasing an additional 95 shares during the last quarter. Finally, WPWealth LLP raised its holdings in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after buying an additional 96 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.4%

Exxon Mobil stock traded up $0.45 during mid-day trading on Tuesday, hitting $103.48. The company had a trading volume of 13,011,033 shares, compared to its average volume of 15,545,595. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average price is $108.01 and its two-hundred day moving average price is $110.13. The company has a market capitalization of $445.96 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.83%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Company 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.