State of Tennessee Department of Treasury lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,686,298 shares of the oil and gas company's stock after selling 90,170 shares during the quarter. Exxon Mobil comprises 0.7% of State of Tennessee Department of Treasury's portfolio, making the stock its 27th biggest holding. State of Tennessee Department of Treasury's holdings in Exxon Mobil were worth $181,395,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $47,000. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Performance
NYSE:XOM traded down $0.11 during midday trading on Friday, hitting $108.52. The company's stock had a trading volume of 4,966,855 shares, compared to its average volume of 15,906,151. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm's 50 day moving average is $109.78 and its 200-day moving average is $112.36. The firm has a market cap of $469.39 billion, a P/E ratio of 13.84, a P/E/G ratio of 3.02 and a beta of 0.61.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business earned $2.48 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.
Wall Street Analyst Weigh In
XOM has been the subject of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Mizuho decreased their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays decreased their price objective on Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $126.50.
View Our Latest Analysis on Exxon Mobil
Insider Activity
In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.03% of the company's stock.
About Exxon Mobil
(
Free Report)
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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