Public Employees Retirement Association of Colorado Has $61.39 Million Holdings in Exxon Mobil Co. (XOM)

Public Employees Retirement Association of Colorado cut its stake in Exxon Mobil Co. (NYSE:XOM) by 5.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 748,871 shares of the oil and gas company’s stock after selling 39,790 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Exxon Mobil were worth $61,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Exxon Mobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Exxon Mobil by 2.7% during the 2nd quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after buying an additional 604,537 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Exxon Mobil by 7.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock worth $1,656,859,000 after buying an additional 1,406,529 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Exxon Mobil by 2.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,460,434 shares of the oil and gas company’s stock worth $1,490,398,000 after buying an additional 353,561 shares in the last quarter. 51.06% of the stock is owned by hedge funds and other institutional investors.

In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,750,555.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now owns 291,385 shares in the company, valued at approximately $24,199,524.25. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

A number of equities analysts have recently commented on the company. Vetr raised Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a report on Tuesday. Wells Fargo & Co set a $88.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, January 11th. BMO Capital Markets boosted their price target on Exxon Mobil to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, January 10th. BNP Paribas set a $70.00 price target on Exxon Mobil and gave the stock a “sell” rating in a report on Monday, September 25th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, January 8th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $86.78.

Shares of Exxon Mobil Co. (NYSE:XOM) opened at $88.00 on Thursday. The firm has a market capitalization of $368,501.13, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.36 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $88.21. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter in the previous year, the company posted $0.63 EPS. analysts forecast that Exxon Mobil Co. will post 3.66 earnings per share for the current fiscal year.

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About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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