Exxon Mobil Co. (NYSE:XOM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,164,845 shares of the oil and gas company’s stock after selling 430,800 shares during the period. Exxon Mobil comprises about 0.8% of New York State Common Retirement Fund’s holdings, making the stock its 14th largest position. New York State Common Retirement Fund’s holdings in Exxon Mobil were worth $605,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.6 %

Shares of NYSE:XOM opened at $114.95 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market cap of $453.25 billion, a PE ratio of 13.75, a P/E/G ratio of 4.86 and a beta of 0.90. The business has a 50 day moving average of $117.67 and a 200-day moving average of $116.35. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.01 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.44%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 45.45%.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday. Mizuho raised their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Company 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.