Utah Retirement Systems Grows Position in Exxon Mobil Co. (NYSE:XOM)

Utah Retirement Systems increased its position in Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 744,561 shares of the oil and gas company’s stock after purchasing an additional 1,700 shares during the quarter. Exxon Mobil makes up about 0.9% of Utah Retirement Systems’ portfolio, making the stock its 14th biggest position. Utah Retirement Systems’ holdings in Exxon Mobil were worth $80,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Principal Financial Group Inc. boosted its position in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Exxon Mobil by 7.4% during the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company’s stock valued at $657,000 after purchasing an additional 387 shares during the last quarter. Passumpsic Savings Bank lifted its holdings in shares of Exxon Mobil by 50.5% during the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company’s stock valued at $424,000 after purchasing an additional 1,214 shares during the last quarter. Advisory Resource Group lifted its holdings in shares of Exxon Mobil by 3.0% during the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company’s stock valued at $5,123,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Diamant Asset Management Inc. raised its stake in Exxon Mobil by 0.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company’s stock worth $1,518,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 0.2 %

XOM stock opened at $108.37 on Wednesday. The business’s 50-day moving average is $109.64 and its 200 day moving average is $112.00. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The stock has a market cap of $468.73 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 3.02 and a beta of 0.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business earned $2.48 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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 annualized dividend and a yield of 3.65%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XOM shares. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $126.50.

Exxon Mobil Company 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.