Arizona State Retirement System cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,115,045 shares of the oil and gas company’s stock after selling 4,702 shares during the quarter. Exxon Mobil makes up approximately 0.9% of Arizona State Retirement System’s portfolio, making the stock its 7th largest holding. Arizona State Retirement System’s holdings in Exxon Mobil were worth $92,248,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after buying an additional 1,200,678 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Exxon Mobil by 8.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock worth $1,136,355,000 after buying an additional 1,045,871 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 3.0% in the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock worth $980,635,000 after buying an additional 376,686 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Exxon Mobil by 3.6% in the first quarter. The Manufacturers Life Insurance Company now owns 7,628,285 shares of the oil and gas company’s stock worth $569,147,000 after buying an additional 262,273 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Exxon Mobil by 0.7% in the first quarter. Asset Management One Co. Ltd. now owns 6,752,011 shares of the oil and gas company’s stock worth $503,767,000 after buying an additional 43,632 shares in the last quarter. 52.39% of the stock is currently owned by institutional investors and hedge funds.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the 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 transaction, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.
Shares of XOM opened at $79.06 on Friday. The company has a market capitalization of $326.50 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.19 and a beta of 0.86. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share 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 business had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. During the same period last year, the firm posted $0.93 earnings per share. Exxon Mobil’s quarterly revenue was up 25.4% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 4.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is currently 91.36%.
A number of equities research analysts have recently issued reports on XOM shares. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a report on Monday, October 1st. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, October 17th. HSBC reissued a “buy” rating and issued a $96.00 price target on shares of Exxon Mobil in a report on Wednesday, September 12th. 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. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $80.00 price target on shares of Exxon Mobil in a report on Tuesday, October 2nd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.82.
Exxon Mobil Company Profile
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; and transports and sells crude oil, natural gas, and petroleum products.
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