National Pension Service Acquires 1,081,167 Shares of Exxon Mobil Co. (NYSE:XOM)

National Pension Service boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 14.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,523,462 shares of the oil and gas company’s stock after purchasing an additional 1,081,167 shares during the quarter. Exxon Mobil makes up approximately 1.0% of National Pension Service’s holdings, making the stock its 15th biggest position. National Pension Service’s holdings in Exxon Mobil were worth $999,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp raised its holdings in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $933,000. Resonant Capital Advisors LLC raised its holdings in shares of Exxon Mobil by 3.5% during the 1st quarter. Resonant Capital Advisors LLC now owns 44,850 shares of the oil and gas company’s stock worth $5,212,000 after acquiring an additional 1,530 shares in the last quarter. StoneX Group Inc. raised its holdings in shares of Exxon Mobil by 5.9% during the 1st quarter. StoneX Group Inc. now owns 43,226 shares of the oil and gas company’s stock worth $5,025,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV raised its holdings in Exxon Mobil by 58.6% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 12,031 shares of the oil and gas company’s stock valued at $1,398,000 after buying an additional 4,447 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 3.2 %

Exxon Mobil stock opened at $118.61 on Tuesday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market cap of $467.68 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a 50-day moving average of $117.67 and a two-hundred day moving average of $116.33.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business posted $2.27 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 8.01 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. TD Cowen decreased their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a report on Monday. Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.95.

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.