Public Employees Retirement Association of Colorado reduced its position in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750,623 shares of the oil and gas company’s stock after selling 3,644 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Exxon Mobil were worth $62,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eaton Vance Management lifted its position in Exxon Mobil by 53.6% during the 1st quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after acquiring an additional 3,136,452 shares in the last quarter. BlackRock Inc. lifted its position in Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after acquiring an additional 2,982,610 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Exxon Mobil by 224.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,772,320 shares of the oil and gas company’s stock worth $281,452,000 after acquiring an additional 2,609,710 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Exxon Mobil by 8,906.3% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,605,545 shares of the oil and gas company’s stock worth $19,636,000 after acquiring an additional 1,587,718 shares in the last quarter. Finally, Unigestion Holding SA acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $114,974,000. 52.43% of the stock is currently owned by institutional investors and hedge funds.

XOM stock opened at $80.87 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a market cap of $351.84 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. During the same period in the previous year, the business earned $0.93 EPS. Exxon Mobil’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 4.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.06%. Exxon Mobil’s dividend payout ratio is presently 91.36%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Several research firms recently commented on XOM. Royal Bank of Canada reissued a “buy” rating and set a $105.00 price target on shares of Exxon Mobil in a research report on Wednesday, August 8th. Jefferies Financial Group reissued a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a research report on Friday, September 28th. Macquarie reissued a “sell” rating and set a $70.00 price target on shares of Exxon Mobil in a research report on Friday, October 19th. Societe Generale set a $92.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, BNP Paribas set a $85.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, August 28th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus price target of $87.27.

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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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