Texas Permanent School Fund trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,033,158 shares of the oil and gas company’s stock after selling 61,661 shares during the quarter. Exxon Mobil accounts for approximately 1.2% of Texas Permanent School Fund’s portfolio, making the stock its 7th largest holding. Texas Permanent School Fund’s holdings in Exxon Mobil were worth $85,473,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of XOM. Macroview Investment Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $102,000. Corbyn Investment Management Inc. MD purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $110,000. KHP Capital LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $111,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $122,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $149,000. Institutional investors and hedge funds own 52.48% of the company’s stock.

NYSE:XOM opened at $84.52 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $360.27 billion, a PE ratio of 23.54, a PEG ratio of 1.48 and a beta of 0.86. Exxon Mobil Co. has a 1-year low of $72.15 and a 1-year high of $89.30.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Research analysts anticipate that Exxon Mobil Co. will post 4.6 earnings per share for the current fiscal year.

XOM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Wednesday, June 13th. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $82.00 price target on shares of Exxon Mobil in a report on Thursday, June 21st. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Exxon Mobil in a report on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Exxon Mobil in a report on Tuesday, July 10th. Finally, Macquarie reaffirmed a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a report on Tuesday, July 10th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $87.08.

In other news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

Exxon Mobil Profile

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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