Exxon Mobil Corporation $XOM Holdings Decreased by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio has decreased its holdings in Exxon Mobil Corporation by 2.7%, now owning 1,815,701 shares valued at approximately $195.73 million.
• Exxon Mobil recently reported quarterly earnings of $1.64 EPS, surpassing expectations, but experienced a 12.4% decline in revenue year-over-year.
• Analysts' ratings on Exxon Mobil stock vary, with an average target price of $125.00, indicating mixed sentiments on its future performance.

Public Employees Retirement System of Ohio cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,815,701 shares of the oil and gas company's stock after selling 50,237 shares during the quarter. Exxon Mobil comprises about 0.7% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 19th biggest holding. Public Employees Retirement System of Ohio's holdings in Exxon Mobil were worth $195,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Nuveen LLC bought a new stake in Exxon Mobil in the first quarter worth about $2,730,414,000. GQG Partners LLC raised its position in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC raised its position in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Exxon Mobil in the second quarter worth about $607,621,000. Finally, Ameriprise Financial Inc. increased its stake in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.5%

Shares of NYSE:XOM opened at $114.56 on Thursday. The firm has a fifty day moving average of $110.57 and a two-hundred day moving average of $109.44. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market capitalization of $488.40 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the previous year, the company posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on XOM shares. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Piper Sandler boosted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Finally, TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $125.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.