VIRGINIA RETIREMENT SYSTEMS ET Al Takes $90.38 Million Position in Exxon Mobil Corporation $XOM

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al has acquired approximately $90.38 million worth of Exxon Mobil Corporation (NYSE:XOM) by purchasing 838,372 shares, making it the 29th largest holding in their portfolio.
• Exxon Mobil has declared a quarterly dividend of $0.99 per share, representing a 3.5% dividend yield and a payout ratio of 56.25%.
• Analysts have set an average price target of $127.58 for Exxon Mobil, with a consensus rating of "Moderate Buy" based on the latest assessments.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 838,372 shares of the oil and gas company's stock, valued at approximately $90,377,000. Exxon Mobil makes up about 0.6% of VIRGINIA RETIREMENT SYSTEMS ET Al's portfolio, making the stock its 29th largest holding.

Several other hedge funds have also modified their holdings of the stock. Axis Wealth Partners LLC raised its stake in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC raised its stake in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. raised its stake in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after buying an additional 91 shares in the last quarter. Chapin Davis Inc. raised its stake in Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. raised its stake in Exxon Mobil by 2.1% in the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company's stock valued at $476,000 after buying an additional 93 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.68 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The stock's 50-day moving average is $111.97 and its two-hundred day moving average is $109.22. The firm has a market cap of $480.38 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.01 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated 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 $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Finally, Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.58.

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.

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