South Dakota Investment Council Sells 62,134 Shares of Exxon Mobil Corporation (NYSE:XOM)

South Dakota Investment Council lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,023 shares of the oil and gas company's stock after selling 62,134 shares during the period. Exxon Mobil accounts for about 0.7% of South Dakota Investment Council's investment portfolio, making the stock its 21st largest position. South Dakota Investment Council's holdings in Exxon Mobil were worth $32,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. 10Elms LLP purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter worth $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth $32,000. Cloud Capital Management LLC purchased a new position in Exxon Mobil during the first quarter worth $45,000. Finally, Clarity Asset Management Inc. boosted its stake in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Trading Down 3.4%

Shares of XOM stock opened at $107.87 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company has a market cap of $464.88 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.01 and a beta of 0.50. The stock has a 50 day simple moving average of $108.66 and a 200-day simple moving average of $108.97. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the company earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.