Strs Ohio Takes $232.07 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Strs Ohio has acquired a new position in Exxon Mobil Corporation, purchasing approximately 1.95 million shares valued at about $232.07 million, making it the fund's 15th largest holding.
• Several institutional investors, including Jacobs Levy Equity Management and MIRAE ASSET GLOBAL ETFS HOLDINGS, have significantly increased their stakes in Exxon Mobil over the past quarter.
• Exxon Mobil has recently declared a quarterly dividend of $0.99, reflecting an annualized payout of $3.96 and a dividend yield of 3.5%.

Strs Ohio bought a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,951,339 shares of the oil and gas company's stock, valued at approximately $232,073,000. Exxon Mobil comprises about 1.0% of Strs Ohio's investment portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Jacobs Levy Equity Management Inc. increased its stake in shares of Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after purchasing an additional 10,697 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Exxon Mobil by 9.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company's stock valued at $50,622,000 after buying an additional 40,472 shares in the last quarter. Northwest Quadrant Wealth Management LLC raised its holdings in shares of Exxon Mobil by 7.8% in the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 5,401 shares of the oil and gas company's stock valued at $581,000 after purchasing an additional 390 shares during the last quarter. Northeast Financial Consultants Inc increased its holdings in Exxon Mobil by 1.1% during the fourth quarter. Northeast Financial Consultants Inc now owns 82,815 shares of the oil and gas company's stock worth $8,908,000 after buying an additional 883 shares during the last quarter. Finally, NorthRock Partners LLC increased its holdings in shares of Exxon Mobil by 114.8% in the fourth quarter. NorthRock Partners LLC now owns 51,946 shares of the oil and gas company's stock valued at $5,588,000 after purchasing an additional 27,764 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XOM shares. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. Piper Sandler raised their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, UBS Group lifted their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $124.81.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of the business'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 transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.45 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $479.39 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The business has a 50 day moving average price of $110.55 and a 200-day moving average price of $109.13. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The company's revenue was down 12.4% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's payout ratio is currently 56.25%.

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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