California State Teachers Retirement System trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,603,900 shares of the oil and gas company’s stock after selling 18,321 shares during the period. Exxon Mobil makes up 1.1% of California State Teachers Retirement System’s investment portfolio, making the stock its 9th biggest holding. California State Teachers Retirement System owned approximately 0.18% of Exxon Mobil worth $582,687,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Exxon Mobil by 5.9% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 18,026 shares of the oil and gas company’s stock valued at $1,229,000 after acquiring an additional 1,000 shares during the period. First Manhattan Co. increased its position in shares of Exxon Mobil by 7.1% during the fourth quarter. First Manhattan Co. now owns 481,585 shares of the oil and gas company’s stock valued at $32,839,000 after buying an additional 32,058 shares during the period. First Personal Financial Services increased its position in shares of Exxon Mobil by 22.8% during the fourth quarter. First Personal Financial Services now owns 15,983 shares of the oil and gas company’s stock valued at $1,090,000 after buying an additional 2,967 shares during the period. Birmingham Capital Management Co. Inc. AL increased its position in shares of Exxon Mobil by 1.9% during the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 46,566 shares of the oil and gas company’s stock valued at $3,175,000 after buying an additional 850 shares during the period. Finally, Foster & Motley Inc. boosted its stake in Exxon Mobil by 5.4% during the fourth quarter. Foster & Motley Inc. now owns 48,042 shares of the oil and gas company’s stock worth $3,276,000 after acquiring an additional 2,472 shares in the last quarter. Institutional investors and hedge funds own 54.42% of the company’s stock.
In related news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
Shares of NYSE XOM traded up $0.73 during midday trading on Friday, reaching $68.98. The stock had a trading volume of 9,830,964 shares, compared to its average volume of 11,172,843. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a 50-day moving average of $70.04 and a 200-day moving average of $74.66. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $83.75. The company has a market capitalization of $285.35 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 3.04 EPS for the current fiscal year.
XOM has been the topic of several research reports. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. UBS Group dropped their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets assumed coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price on the stock. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $80.52.
About Exxon Mobil
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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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