Illinois Municipal Retirement Fund Raises Holdings in ExxonMobil Corporation $XOM

Illinois Municipal Retirement Fund lifted its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 452,713 shares of the oil and gas company’s stock after purchasing an additional 15,612 shares during the period. ExxonMobil comprises approximately 0.7% of Illinois Municipal Retirement Fund’s portfolio, making the stock its 15th biggest holding. Illinois Municipal Retirement Fund’s holdings in ExxonMobil were worth $54,479,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RM Financial Services LLC bought a new stake in ExxonMobil in the 4th quarter worth $911,000. J.Safra Asset Management Corp increased its position in shares of ExxonMobil by 14.0% in the fourth quarter. J.Safra Asset Management Corp now owns 12,168 shares of the oil and gas company’s stock valued at $1,464,000 after acquiring an additional 1,491 shares during the period. GWN Securities Inc. raised its stake in shares of ExxonMobil by 27.3% during the fourth quarter. GWN Securities Inc. now owns 7,065 shares of the oil and gas company’s stock valued at $850,000 after acquiring an additional 1,517 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of ExxonMobil by 25.1% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 84,552 shares of the oil and gas company’s stock worth $10,175,000 after purchasing an additional 16,964 shares during the period. Finally, Wills Financial Group LLC boosted its holdings in shares of ExxonMobil by 2.9% during the fourth quarter. Wills Financial Group LLC now owns 11,294 shares of the oil and gas company’s stock worth $1,359,000 after purchasing an additional 322 shares during the period. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $150.72 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $624.73 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 0.64 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The firm has a 50 day moving average of $152.83 and a 200 day moving average of $142.12.

ExxonMobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 11.66 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil’s dividend payout ratio is 69.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XOM. Morgan Stanley cut their price objective on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Citigroup raised their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Piper Sandler cut their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company boosted their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Finally, Scotiabank upped their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $165.55.

Read Our Latest Analysis on ExxonMobil

More ExxonMobil News

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Insider Activity

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

ExxonMobil Company Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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