Maryland State Retirement & Pension System Purchases 4,368 Shares of Exxon Mobil Corporation $XOM

Key Points

• The Maryland State Retirement & Pension System increased its stake in Exxon Mobil Corporation by 2.1%, acquiring an additional 4,368 shares during the second quarter, bringing its total holdings to 210,319 shares valued at about $22.67 million.
• Exxon Mobil recently announced a $0.99 quarterly dividend per share, translating to an annualized dividend of $3.96 and a yield of 3.6%.
• Analysts predict Exxon Mobil will post earnings of $7.43 per share for the current fiscal year, with a consensus target price of $125.95 and a mix of ratings from brokerages, including one Strong Buy and nine Buy ratings.

Maryland State Retirement & Pension System grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,319 shares of the oil and gas company's stock after purchasing an additional 4,368 shares during the quarter. Maryland State Retirement & Pension System's holdings in Exxon Mobil were worth $22,672,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XOM. Nuveen LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at about $2,730,414,000. GQG Partners LLC boosted its holdings in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $607,621,000. Ameriprise Financial Inc. boosted its holdings in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after acquiring an additional 2,332,293 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Down 1.8%

XOM opened at $110.93 on Friday. The stock has a market cap of $472.94 billion, a PE ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $111.32 and a 200-day moving average of $109.48. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XOM. TD Cowen increased 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. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Thursday. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Barclays dropped their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.95.

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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