California Public Employees Retirement System Sells 106,263 Shares of Exxon Mobil Corporation $XOM

California Public Employees Retirement System trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,983,097 shares of the oil and gas company’s stock after selling 106,263 shares during the period. Exxon Mobil comprises 0.5% of California Public Employees Retirement System’s portfolio, making the stock its 25th largest position. California Public Employees Retirement System owned 0.19% of Exxon Mobil worth $860,578,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XOM. Linscomb Wealth Inc. grew its position in shares of Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after buying an additional 5,527 shares during the period. Jones Financial Companies Lllp grew its holdings in Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after purchasing an additional 131,600 shares during the period. Capital Counsel LLC NY increased its stake in shares of Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares in the last quarter. OneAscent Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 116.7% during the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after purchasing an additional 4,123 shares during the last quarter. Finally, Wealth Management Associates Inc. grew its stake in shares of Exxon Mobil by 2.7% in the 1st quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock worth $3,147,000 after buying an additional 691 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Wells Fargo & Company began coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. UBS Group reiterated a “buy” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Monday, December 1st. Finally, Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $116.52 on Friday. The firm’s 50-day moving average price is $115.04 and its 200-day moving average price is $111.69. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The company has a market cap of $491.38 billion, a PE ratio of 16.94, a PEG ratio of 1.47 and a beta of 0.38. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion for the quarter. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 59.88%.

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.