Vestcor Inc Purchases 1,070 Shares of Exxon Mobil Corporation (NYSE:XOM)

Vestcor Inc boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,210 shares of the oil and gas company’s stock after purchasing an additional 1,070 shares during the quarter. Vestcor Inc’s holdings in Exxon Mobil were worth $10,015,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. StoneX Group Inc. lifted its holdings in shares of Exxon Mobil by 55.6% during the 4th quarter. StoneX Group Inc. now owns 78,447 shares of the oil and gas company’s stock worth $8,439,000 after acquiring an additional 28,015 shares during the period. Nemes Rush Group LLC lifted its holdings in Exxon Mobil by 211.1% during the 4th quarter. Nemes Rush Group LLC now owns 72,559 shares of the oil and gas company’s stock valued at $7,805,000 after purchasing an additional 49,239 shares during the last quarter. Diametric Capital LP acquired a new stake in Exxon Mobil in the 4th quarter valued at about $676,000. Geode Capital Management LLC increased its position in Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Finally, Lokken Investment Group LLC increased its position in Exxon Mobil by 1.7% in the 4th quarter. Lokken Investment Group LLC now owns 13,814 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 231 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XOM shares. Morgan Stanley reiterated an “overweight” rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. UBS Group reduced their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.42.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.92 on Wednesday. The company’s fifty day simple moving average is $109.01 and its 200-day simple moving average is $109.11. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market cap of $486.64 billion, a PE ratio of 14.98, a P/E/G ratio of 2.10 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil’s payout ratio is 52.52%.

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.