Illinois Municipal Retirement Fund reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,712 shares of the oil and gas company’s stock after selling 106 shares during the period. Exxon Mobil makes up approximately 1.2% of Illinois Municipal Retirement Fund’s investment portfolio, making the stock its 4th biggest position. Illinois Municipal Retirement Fund’s holdings in Exxon Mobil were worth $46,948,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil during the third quarter worth $28,000. Mine & Arao Wealth Creation & Management LLC. grew its stake in shares of Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares during the last quarter. Horizons Wealth Management bought a new stake in shares of Exxon Mobil during the second quarter worth $41,000. Orion Capital Management LLC bought a new stake in shares of Exxon Mobil in the third quarter worth $44,000. Finally, Turim 21 Investimentos Ltda. grew its stake in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $113.81 on Wednesday. The firm’s 50-day moving average price is $109.54 and its 200-day moving average price is $101.20. Exxon Mobil Co. has a 1-year low of $71.39 and a 1-year high of $126.54. The firm has a market capitalization of $468.70 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is currently 29.71%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on XOM. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective on the stock in a research note on Tuesday, November 1st. Barclays boosted their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Credit Suisse Group boosted their price objective on shares of Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, Citigroup boosted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $114.35.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the vice president now owns 34,272 shares in the company, valued at approximately $3,598,560. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.04% of the stock is currently owned by company insiders.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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