Retirement Systems of Alabama Has $159.22 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Retirement Systems of Alabama lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,480,184 shares of the oil and gas company’s stock after selling 33,304 shares during the period. Exxon Mobil comprises about 0.6% of Retirement Systems of Alabama’s investment portfolio, making the stock its 26th biggest holding. Retirement Systems of Alabama’s holdings in Exxon Mobil were worth $159,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Old North State Wealth Management LLC raised its position in Exxon Mobil by 4.1% in the fourth quarter. Old North State Wealth Management LLC now owns 18,436 shares of the oil and gas company’s stock worth $1,984,000 after purchasing an additional 718 shares in the last quarter. Cassia Capital Partners LLC raised its position in shares of Exxon Mobil by 291.1% during the 4th quarter. Cassia Capital Partners LLC now owns 7,200 shares of the oil and gas company’s stock valued at $775,000 after acquiring an additional 5,359 shares during the last quarter. Avitas Wealth Management LLC boosted its holdings in Exxon Mobil by 0.4% during the fourth quarter. Avitas Wealth Management LLC now owns 55,615 shares of the oil and gas company’s stock worth $5,983,000 after buying an additional 203 shares during the last quarter. Ninety One UK Ltd grew its holdings in Exxon Mobil by 10.4% during the fourth quarter. Ninety One UK Ltd now owns 2,991,131 shares of the oil and gas company’s stock valued at $321,756,000 after purchasing an additional 281,925 shares during the period. Finally, RFG Holdings Inc. raised its stake in Exxon Mobil by 0.8% during the 4th quarter. RFG Holdings Inc. now owns 13,180 shares of the oil and gas company’s stock worth $1,418,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. TD Cowen decreased their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Trading Up 0.4 %

Shares of XOM opened at $108.87 on Friday. The firm has a market cap of $478.49 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. 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 company has a 50 day simple moving average of $109.59 and a two-hundred day simple moving average of $115.00.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. Exxon Mobil’s dividend payout ratio is 50.51%.

About Exxon Mobil

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.