Kentucky Retirement Systems Insurance Trust Fund Has $15.21 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,918 shares of the oil and gas company's stock after selling 26,784 shares during the quarter. Exxon Mobil makes up approximately 1.1% of Kentucky Retirement Systems Insurance Trust Fund's holdings, making the stock its 14th biggest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in Exxon Mobil were worth $15,213,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick bought a new position in Exxon Mobil in the 4th quarter worth about $789,000. Union Bancaire Privee UBP SA bought a new position in Exxon Mobil in the 4th quarter worth about $48,348,000. SOA Wealth Advisors LLC. grew its position in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after purchasing an additional 1,595 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Exxon Mobil by 2.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 169,944 shares of the oil and gas company's stock worth $18,281,000 after purchasing an additional 4,297 shares during the last quarter. Finally, First Bank & Trust grew its position in Exxon Mobil by 68.8% in the 4th quarter. First Bank & Trust now owns 10,666 shares of the oil and gas company's stock worth $1,147,000 after purchasing an additional 4,349 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on XOM shares. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Down 2.9%

NYSE:XOM traded down $3.29 on Tuesday, hitting $108.45. 24,816,717 shares of the company's stock were exchanged, compared to its average volume of 15,721,744. The firm has a 50-day moving average price of $106.83 and a 200-day moving average price of $108.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market cap of $467.39 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.49.

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, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 EPS. As a group, 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 Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) 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.