Maryland State Retirement & Pension System Has $24.49 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• The Maryland State Retirement & Pension System reduced its stake in Exxon Mobil by 15%, holding 205,951 shares valued at approximately $24.49 million after selling 36,331 shares in the first quarter.
• Exxon Mobil reported $1.64 EPS for the last quarter, surpassing estimates of $1.47, while revenue decreased 12.4% year-over-year to $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, yielding 3.7%, with a dividend payout ratio of 56.25%.

Maryland State Retirement & Pension System reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 205,951 shares of the oil and gas company's stock after selling 36,331 shares during the period. Maryland State Retirement & Pension System's holdings in Exxon Mobil were worth $24,494,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Axis Wealth Partners LLC increased its stake in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after acquiring an additional 93 shares during the last quarter. Gagnon Securities LLC raised its stake in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after acquiring an additional 95 shares during the last quarter. WPWealth LLP boosted its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the period. Ascent Capital Management LLC lifted its holdings in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the period. Finally, DDD Partners LLC grew its position in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.56 on Thursday. The stock has a 50-day moving average price of $109.73 and a 200 day moving average price of $109.05. The stock has a market capitalization of $454.28 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.02 and a beta of 0.53. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the firm posted $2.14 EPS. The company's revenue was down 12.4% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of "Hold" and an average price target of $125.26.

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.

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