Public Employees Retirement System of Ohio Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Public Employees Retirement System of Ohio decreased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,976,883 shares of the oil and gas company's stock after selling 86,202 shares during the period. Exxon Mobil makes up approximately 0.7% of Public Employees Retirement System of Ohio's investment portfolio, making the stock its 17th biggest position. Public Employees Retirement System of Ohio's holdings in Exxon Mobil were worth $212,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $789,000. MassMutual Private Wealth & Trust FSB increased its holdings in Exxon Mobil by 4.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 138,833 shares of the oil and gas company's stock valued at $14,934,000 after buying an additional 5,693 shares during the period. Zhang Financial LLC increased its holdings in Exxon Mobil by 6.3% during the fourth quarter. Zhang Financial LLC now owns 13,820 shares of the oil and gas company's stock valued at $1,487,000 after buying an additional 819 shares during the period. Cove Private Wealth LLC increased its holdings in Exxon Mobil by 10.3% during the fourth quarter. Cove Private Wealth LLC now owns 10,736 shares of the oil and gas company's stock valued at $1,155,000 after buying an additional 1,000 shares during the period. Finally, Amplius Wealth Advisors LLC grew its holdings in Exxon Mobil by 2.7% in the fourth quarter. Amplius Wealth Advisors LLC now owns 7,881 shares of the oil and gas company's stock worth $848,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on XOM shares. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Scotiabank decreased their price objective 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. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $102.97 on Friday. The firm's 50 day moving average price is $108.47 and its 200-day moving average price is $110.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The firm has a market cap of $443.76 billion, a P/E ratio of 13.13, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.85%. Exxon Mobil's payout ratio is 52.52%.

Exxon Mobil 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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