Exxon Mobil Co. (NYSE:XOM) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 242,282 shares of the oil and gas company’s stock after selling 16,068 shares during the period. Maryland State Retirement & Pension System’s holdings in Exxon Mobil were worth $26,062,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $47,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

Shares of Exxon Mobil stock opened at $113.61 on Wednesday. The firm has a market cap of $492.95 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 3.02 and a beta of 0.83. 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 52-week low of $103.67 and a 52-week high of $126.34. The stock has a 50-day simple moving average of $109.56 and a 200-day simple moving average of $113.57.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on XOM. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Barclays lowered their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.15.

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.