Kentucky Retirement Systems Sells 4,977 Shares of Exxon Mobil Corporation (NYSE:XOM)

Kentucky Retirement Systems lessened its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 300,329 shares of the oil and gas company's stock after selling 4,977 shares during the quarter. Exxon Mobil makes up 1.1% of Kentucky Retirement Systems' holdings, making the stock its 14th largest holding. Kentucky Retirement Systems' holdings in Exxon Mobil were worth $35,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $47,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen boosted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Scotiabank reduced their price objective on shares of 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. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 2.9%

Shares of NYSE XOM traded down $3.29 during midday trading on Tuesday, reaching $108.45. The company's stock had a trading volume of 24,417,611 shares, compared to its average volume of 15,723,439. The stock has a 50 day simple moving average of $106.73 and a 200-day simple moving average of $108.54. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $467.39 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.29 and a beta of 0.49. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.