Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 623,264 shares of the oil and gas company’s stock after purchasing an additional 53,046 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Exxon Mobil were worth $71,750,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its holdings in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.6 %

XOM stock opened at $115.27 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $454.51 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. The business has a fifty day simple moving average of $115.88 and a 200-day simple moving average of $115.33. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Morgan Stanley reduced their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company dropped their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Truist Financial reduced their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a report on Monday, July 22nd. Finally, Barclays lowered their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

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.