State of New Jersey Common Pension Fund D raised its stake in Exxon Mobil Corp. (NYSE:XOM) by 53.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,140,000 shares of the company’s stock after buying an additional 1,450,000 shares during the period. Exxon Mobil Corp. comprises 1.8% of State of New Jersey Common Pension Fund D’s portfolio, making the stock its 5th largest position. State of New Jersey Common Pension Fund D owned about 0.10% of Exxon Mobil Corp. worth $388,084,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Edgar Lomax Co. VA increased its position in shares of Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock worth $70,792,000 after buying an additional 126,050 shares during the last quarter. Gofen & Glossberg LLC IL increased its position in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares in the last quarter. Lodestar Investment Counsel LLC IL increased its position in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock valued at $21,802,000 after buying an additional 8,293 shares in the last quarter. British Columbia Investment Management Corp increased its position in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock valued at $179,812,000 after buying an additional 9,739 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its position in Exxon Mobil Corp. by 1.1% in the first quarter. Canandaigua National Bank & Trust Co. now owns 218,312 shares of the company’s stock valued at $18,249,000 after buying an additional 2,477 shares in the last quarter. Institutional investors and hedge funds own 50.42% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.06% during midday trading on Friday, hitting $86.99. The company had a trading volume of 3,742,708 shares. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The company has a 50 day moving average price of $86.34 and a 200 day moving average price of $88.26. The firm has a market capitalization of $360.72 billion, a P/E ratio of 34.55 and a beta of 0.83.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The company had revenue of $57.69 billion for the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Equities research analysts forecast that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.75 per share. The ex-dividend date was Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.45%. Exxon Mobil Corp.’s payout ratio is currently 119.05%.
Several research firms have issued reports on XOM. Vetr downgraded shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $89.16 price objective for the company. in a research note on Wednesday, September 28th. HSBC set a $86.00 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Tuesday, June 28th. Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $102.00 target price on shares of Exxon Mobil Corp. in a report on Thursday, July 28th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.68.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the transaction, the vice president now owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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