Supplemental Annuity Collective Trust of NJ Buys 217 Shares of Exxon Mobil Co. (NYSE:XOM)

Supplemental Annuity Collective Trust of NJ raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,617 shares of the oil and gas company’s stock after purchasing an additional 217 shares during the quarter. Exxon Mobil accounts for about 1.2% of Supplemental Annuity Collective Trust of NJ’s portfolio, making the stock its 14th largest position. Supplemental Annuity Collective Trust of NJ’s holdings in Exxon Mobil were worth $3,361,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XOM. Naples Global Advisors LLC increased its stake in Exxon Mobil by 2.5% during the third quarter. Naples Global Advisors LLC now owns 73,381 shares of the oil and gas company’s stock worth $8,628,000 after purchasing an additional 1,808 shares during the period. Well Done LLC boosted its holdings in Exxon Mobil by 0.8% in the third quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock valued at $1,462,000 after purchasing an additional 97 shares during the last quarter. Clarus Group Inc. grew its stake in Exxon Mobil by 2.7% during the 3rd quarter. Clarus Group Inc. now owns 97,809 shares of the oil and gas company’s stock worth $11,500,000 after buying an additional 2,613 shares during the last quarter. Exeter Financial LLC boosted its stake in Exxon Mobil by 1.5% during the 3rd quarter. Exeter Financial LLC now owns 20,131 shares of the oil and gas company’s stock valued at $2,367,000 after purchasing an additional 303 shares in the last quarter. Finally, Viking Fund Management LLC raised its holdings in shares of Exxon Mobil by 7.0% during the third quarter. Viking Fund Management LLC now owns 107,000 shares of the oil and gas company’s stock valued at $12,581,000 after acquiring an additional 7,000 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Mizuho reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial increased their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company raised their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Stock Down 2.8 %

Shares of NYSE:XOM traded down $3.37 on Friday, hitting $117.96. 26,679,557 shares of the company’s stock were exchanged, compared to its average volume of 18,214,783. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s 50-day moving average is $113.04 and its 200 day moving average is $106.62. The company has a market capitalization of $466.92 billion, a PE ratio of 13.11, a P/E/G ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the company earned $2.83 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.