Exxon Mobil Co. (NYSE:XOM) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 305,306 shares of the oil and gas company’s stock after selling 4,206 shares during the period. Exxon Mobil makes up about 1.0% of Kentucky Retirement Systems’ investment portfolio, making the stock its 14th biggest position. Kentucky Retirement Systems’ holdings in Exxon Mobil were worth $32,842,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XOM. Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $48,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.2 %

Shares of XOM stock opened at $110.67 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $480.20 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a 50-day moving average of $108.60 and a two-hundred day moving average of $114.48. Exxon Mobil Co. has a 1-year low of $102.88 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the business posted $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on XOM. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Scotiabank reduced their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.