Illinois Municipal Retirement Fund Sells 14,457 Shares of Exxon Mobil Corporation (NYSE:XOM)

Illinois Municipal Retirement Fund lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 356,332 shares of the oil and gas company's stock after selling 14,457 shares during the period. Exxon Mobil accounts for approximately 0.6% of Illinois Municipal Retirement Fund's investment portfolio, making the stock its 19th biggest holding. Illinois Municipal Retirement Fund's holdings in Exxon Mobil were worth $42,379,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the period. Norges Bank bought a new position in Exxon Mobil during the 4th quarter worth $6,936,737,000. Northern Trust Corp increased its stake in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Franklin Resources Inc. increased its stake in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Finally, Capital Research Global Investors increased its stake in Exxon Mobil by 3.9% during the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock worth $3,739,465,000 after acquiring an additional 1,293,111 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.10.

Exxon Mobil Trading Down 0.5%

NYSE XOM opened at $109.40 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $471.49 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.49. The business's fifty day moving average is $107.04 and its 200 day moving average is $108.48.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio 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.

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