New York State Common Retirement Fund Sells 141,700 Shares of Exxon Mobil Corporation $XOM

New York State Common Retirement Fund reduced its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,602,545 shares of the oil and gas company’s stock after selling 141,700 shares during the quarter. Exxon Mobil comprises 0.7% of New York State Common Retirement Fund’s holdings, making the stock its 19th largest holding. New York State Common Retirement Fund owned 0.11% of Exxon Mobil worth $496,154,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Axis Wealth Partners LLC increased its stake in shares of Exxon Mobil by 1.8% in the 2nd 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 grew its holdings 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 worth $3,453,000 after purchasing an additional 91 shares during the period. Willow Creek Wealth Management Inc. grew its holdings 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 worth $285,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. increased 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 purchasing an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. raised its holdings in shares of Exxon Mobil by 2.1% during 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 purchasing an additional 93 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Piper Sandler upped their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Trading Up 1.0%

Shares of XOM stock opened at $115.87 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market capitalization of $488.64 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.06 and a beta of 0.49. The company has a 50-day simple moving average of $114.84 and a two-hundred day simple moving average of $111.35. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is presently 59.88%.

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.