Oregon Public Employees Retirement Fund Sells 2,480 Shares of Exxon Mobil Corporation (NYSE:XOM)

Oregon Public Employees Retirement Fund reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 374,347 shares of the oil and gas company's stock after selling 2,480 shares during the period. Exxon Mobil makes up 0.9% of Oregon Public Employees Retirement Fund's portfolio, making the stock its 15th largest holding. Oregon Public Employees Retirement Fund's holdings in Exxon Mobil were worth $44,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $32,000. Clarity Asset Management Inc. increased its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. Finally, Banque de Luxembourg S.A. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.45 during trading on Wednesday, hitting $113.74. The company's stock had a trading volume of 6,408,215 shares, compared to its average volume of 15,752,756. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $107.48 and a 200 day moving average price of $108.62. The firm has a market cap of $490.18 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.06 earnings per share. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.48%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Piper Sandler increased their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.55.

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.