Employees Retirement System of Texas lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 37.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 422,000 shares of the oil and gas company’s stock after purchasing an additional 115,000 shares during the period. Employees Retirement System of Texas’ holdings in Exxon Mobil were worth $34,912,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Grassi Investment Management grew its holdings in shares of Exxon Mobil by 0.6% during the second quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after buying an additional 600 shares in the last quarter. Dividend Assets Capital LLC grew its holdings in shares of Exxon Mobil by 1.8% during the second quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock worth $2,957,000 after buying an additional 645 shares in the last quarter. Outfitter Advisors LTD. grew its holdings in shares of Exxon Mobil by 1.4% during the second quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock worth $3,939,000 after buying an additional 650 shares in the last quarter. X Square Capital LLC grew its holdings in shares of Exxon Mobil by 16.8% during the first quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after buying an additional 653 shares in the last quarter. Finally, Cue Financial Group Inc. grew its holdings in shares of Exxon Mobil by 4.8% during the second quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock worth $1,180,000 after buying an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 53.33% of the company’s stock.
Exxon Mobil stock opened at $77.64 on Friday. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The company has a market capitalization of $336.58 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.20 and a beta of 0.84. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The firm had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. Exxon Mobil’s revenue was up 25.4% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 4.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.22%. Exxon Mobil’s dividend payout ratio is currently 91.36%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James M. Spellings, Jr. sold 9,522 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $78.41, for a total transaction of $746,620.02. Following the sale, the insider now owns 249,122 shares of the company’s stock, valued at $19,533,656.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,939 shares of company stock valued at $3,241,095. 0.08% of the stock is owned by insiders.
A number of equities research analysts have recently commented on XOM shares. Jefferies Financial Group reiterated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Wednesday, August 15th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, August 22nd. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Tuesday, August 28th. Credit Suisse Group set a $80.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, August 28th. Finally, Macquarie reiterated a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a report on Thursday, August 30th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $86.82.
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About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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