Vestcor Inc Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Vestcor Inc lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,140 shares of the oil and gas company’s stock after selling 102,144 shares during the period. Vestcor Inc’s holdings in Exxon Mobil were worth $8,943,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after buying an additional 521,932 shares in the last quarter. United Bank grew its stake in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares in the last quarter. Delta Financial Advisors LLC grew its stake in Exxon Mobil by 4.5% in the 3rd quarter. Delta Financial Advisors LLC now owns 25,877 shares of the oil and gas company’s stock valued at $3,033,000 after buying an additional 1,124 shares in the last quarter. Weil Company Inc. grew its stake in Exxon Mobil by 3.0% in the 3rd quarter. Weil Company Inc. now owns 6,209 shares of the oil and gas company’s stock valued at $728,000 after buying an additional 180 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. boosted its holdings in Exxon Mobil by 28.4% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 5,505 shares of the oil and gas company’s stock valued at $645,000 after purchasing an additional 1,219 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’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 in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Truist Financial raised their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $109.12 on Thursday. The stock has a market cap of $473.47 billion, a PE ratio of 13.92, a PEG ratio of 3.02 and a beta of 0.83. The company’s fifty day moving average is $109.24 and its 200 day moving average is $113.77. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm posted $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s 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.