South Dakota Investment Council Has $35.73 Million Position in Exxon Mobil Co. (NYSE:XOM)

South Dakota Investment Council reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 332,157 shares of the oil and gas company’s stock after selling 106,272 shares during the period. Exxon Mobil comprises about 0.7% of South Dakota Investment Council’s investment portfolio, making the stock its 16th biggest position. South Dakota Investment Council’s holdings in Exxon Mobil were worth $35,730,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. World Equity Group Inc. boosted its position in Exxon Mobil by 3.6% in the fourth quarter. World Equity Group Inc. now owns 24,546 shares of the oil and gas company’s stock valued at $2,640,000 after buying an additional 854 shares in the last quarter. Ascent Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 3.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 8,458 shares of the oil and gas company’s stock worth $910,000 after acquiring an additional 249 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $495,000. Forvis Mazars Wealth Advisors LLC boosted its stake in Exxon Mobil by 0.4% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 57,220 shares of the oil and gas company’s stock worth $6,155,000 after purchasing an additional 205 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC boosted its stake in Exxon Mobil by 14.7% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 2,113 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 271 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XOM shares. Morgan Stanley upped their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial upped their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, Scotiabank reduced their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.75 on Wednesday. The company has a fifty day moving average price of $108.69 and a 200 day moving average price of $114.37. Exxon Mobil Co. has a 1-year low of $103.05 and a 1-year high of $126.34. The firm has a market cap of $476.20 billion, a PE ratio of 14.00, a PEG ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business earned $2.48 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 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.