Ilmarinen Mutual Pension Insurance Co Has $80.28 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Exxon Mobil Corporation by 7.1%, acquiring an additional 45,000 shares, bringing its total ownership to 675,000 shares, valued at approximately $80.3 million.
• Exxon Mobil reported $1.64 earnings per share for the most recent quarter, exceeding the consensus estimate of $1.47, despite a 12.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.99, representing an annualized dividend yield of 3.6%, with a payout ratio of 56.25%.

Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,000 shares of the oil and gas company's stock after buying an additional 45,000 shares during the quarter. Exxon Mobil comprises about 0.7% of Ilmarinen Mutual Pension Insurance Co's portfolio, making the stock its 18th biggest holding. Ilmarinen Mutual Pension Insurance Co's holdings in Exxon Mobil were worth $80,278,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XOM. Melius started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler increased their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $124.81.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 0.2%

NYSE:XOM traded down $0.24 during trading hours on Thursday, reaching $112.26. 11,532,749 shares of the company were exchanged, compared to its average volume of 14,239,243. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a 50 day simple moving average of $110.55 and a 200 day simple moving average of $109.14. The firm has a market cap of $478.59 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57.

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

Exxon Mobil Dividend Announcement

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

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.