State of New Jersey Common Pension Fund D Trims Stake in Exxon Mobil Co. (NYSE:XOM)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,291,784 shares of the oil and gas company’s stock after selling 9,164 shares during the quarter. Exxon Mobil comprises about 0.8% of State of New Jersey Common Pension Fund D’s holdings, making the stock its 17th largest position. State of New Jersey Common Pension Fund D’s holdings in Exxon Mobil were worth $229,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Supplemental Annuity Collective Trust of NJ boosted its holdings in shares of Exxon Mobil by 0.6% in the 4th quarter. Supplemental Annuity Collective Trust of NJ now owns 33,617 shares of the oil and gas company’s stock worth $3,361,000 after purchasing an additional 217 shares in the last quarter. Syon Capital LLC boosted its holdings in shares of Exxon Mobil by 17.5% in the 4th quarter. Syon Capital LLC now owns 69,367 shares of the oil and gas company’s stock worth $6,935,000 after purchasing an additional 10,329 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Exxon Mobil by 0.3% in the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 75,417 shares of the oil and gas company’s stock worth $7,540,000 after purchasing an additional 217 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Exxon Mobil by 3.6% in the 4th quarter. Pittenger & Anderson Inc. now owns 31,789 shares of the oil and gas company’s stock worth $3,178,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its holdings in shares of Exxon Mobil by 64.0% in the 4th quarter. Lyell Wealth Management LP now owns 12,229 shares of the oil and gas company’s stock worth $1,223,000 after purchasing an additional 4,774 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $3.37 during midday trading on Friday, hitting $117.96. 26,679,557 shares of the stock traded hands, compared to its average volume of 18,214,783. The firm has a 50-day moving average of $113.04 and a two-hundred day moving average of $106.62. The firm has a market capitalization of $466.92 billion, a P/E ratio of 13.11, a PEG ratio of 4.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.83 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s payout ratio is 42.74%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. TD Cowen boosted their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Mizuho reaffirmed a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Finally, Piper Sandler upped their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil 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.