Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 366,451 shares of the company’s stock after selling 5,134 shares during the period. Exxon Mobil makes up approximately 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 29th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Exxon Mobil were worth $33,076,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Equitec Proprietary Markets LLC bought a new position in shares of Exxon Mobil during the third quarter valued at about $107,000. Psagot Investment House Ltd. bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $119,000. Mosaic Financial Partners Inc. bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $202,000. Proficio Capital Partners LLC increased its position in shares of Exxon Mobil by 1.9% in the third quarter. Proficio Capital Partners LLC now owns 2,257 shares of the company’s stock valued at $197,000 after buying an additional 42 shares during the period. Finally, DT Investment Partners LLC increased its position in shares of Exxon Mobil by 4.1% in the third quarter. DT Investment Partners LLC now owns 2,342 shares of the company’s stock valued at $204,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 51.09% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at 82.00 on Tuesday. The company’s 50-day moving average price is $82.42 and its 200-day moving average price is $85.77. The company has a market capitalization of $340.01 billion, a PE ratio of 43.69 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $80.31 and a 1-year high of $95.55.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.29. Exxon Mobil had a net margin of 3.47% and a return on equity of 5.56%. The company earned $61.02 billion during the quarter, compared to analysts’ expectations of $62.28 billion. During the same period last year, the firm earned $0.67 earnings per share. Exxon Mobil’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post $4.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Thursday, February 9th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $3.00 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil’s dividend payout ratio (DPR) is presently 159.58%.
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Several research analysts recently issued reports on the stock. Goldman Sachs Group Inc set a $96.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Tuesday, December 20th. HSBC Holdings plc cut their target price on shares of Exxon Mobil from $90.00 to $85.00 and set a “hold” rating on the stock in a research report on Wednesday, March 8th. They noted that the move was a valuation call. Macquarie restated an “underperform” rating and set a $75.00 target price on shares of Exxon Mobil in a research report on Saturday, December 17th. BMO Capital Markets started coverage on shares of Exxon Mobil in a research report on Thursday, December 1st. They set a “market perform” rating and a $78.00 target price on the stock. They noted that the move was a valuation call. Finally, Credit Suisse Group AG set a $78.00 target price on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, February 1st. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $89.44.
Exxon Mobil Company Profile
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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