Kentucky Retirement Systems Insurance Trust Fund Has $15.66 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Kentucky Retirement Systems Insurance Trust Fund boosted its position in Exxon Mobil Co. (NYSE:XOM) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,702 shares of the oil and gas company’s stock after purchasing an additional 23,161 shares during the quarter. Exxon Mobil comprises about 1.4% of Kentucky Retirement Systems Insurance Trust Fund’s portfolio, making the stock its 10th biggest holding. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Exxon Mobil were worth $15,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of XOM. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Compass Financial Services Inc bought a new stake in Exxon Mobil during the 4th quarter valued at $48,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the third quarter worth $54,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Down 1.2 %

NYSE:XOM opened at $110.67 on Friday. The stock has a market capitalization of $486.39 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $102.88 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $108.60 and its two-hundred day moving average is $114.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the firm earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on XOM shares. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. BMO Capital Markets cut their price target 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. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.