Exxon Mobil Co. (NYSE:XOM) Stock Holdings Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 473,202 shares of the oil and gas company’s stock after purchasing an additional 9,750 shares during the period. Exxon Mobil comprises 0.8% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 9th largest position. Illinois Municipal Retirement Fund’s holdings in Exxon Mobil were worth $47,311,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC boosted its holdings in Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after acquiring an additional 575,649 shares during the period. Qsemble Capital Management LP raised its position in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after acquiring an additional 1,200 shares during the period. RNC Capital Management LLC raised its position in Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after acquiring an additional 4,585 shares during the period. Finally, Meyer Handelman Co. raised its position in Exxon Mobil by 5.9% in the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock worth $45,971,000 after acquiring an additional 21,895 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. UBS Group increased their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $121.05 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market cap of $479.15 billion, a P/E ratio of 13.62, a P/E/G ratio of 4.14 and a beta of 0.96. The firm’s fifty day moving average is $112.29 and its two-hundred day moving average is $106.41. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the firm posted $3.40 EPS. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.14%. Exxon Mobil’s payout ratio is currently 42.74%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.