New York State Common Retirement Fund Has $546.63 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

New York State Common Retirement Fund cut its stake in Exxon Mobil Co. (NYSE:XOM) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,081,645 shares of the oil and gas company’s stock after selling 83,200 shares during the period. Exxon Mobil makes up 0.7% of New York State Common Retirement Fund’s holdings, making the stock its 18th largest position. New York State Common Retirement Fund owned approximately 0.12% of Exxon Mobil worth $546,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Exxon Mobil by 17.6% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 154,702 shares of the oil and gas company’s stock worth $15,656,000 after purchasing an additional 23,161 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Exxon Mobil by 11.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 23,220 shares of the oil and gas company’s stock worth $2,498,000 after buying an additional 2,459 shares during the last quarter. Valley Wealth Managers Inc. boosted its stake in shares of Exxon Mobil by 16.3% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,721 shares of the oil and gas company’s stock worth $4,380,000 after buying an additional 5,699 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of Exxon Mobil by 0.8% during the 4th quarter. Cardinal Capital Management now owns 112,659 shares of the oil and gas company’s stock worth $12,119,000 after buying an additional 913 shares during the last quarter. Finally, Davidson Trust Co. boosted its stake in shares of Exxon Mobil by 1.2% during the 4th quarter. Davidson Trust Co. now owns 35,744 shares of the oil and gas company’s stock worth $3,845,000 after buying an additional 438 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.2 %

Exxon Mobil stock opened at $110.67 on Friday. The stock has a market cap of $486.39 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The company’s 50-day moving average price is $108.60 and its two-hundred day moving average price is $114.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 prior year, the firm earned $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.