Exxon Mobil Corporation $XOM Shares Sold by Texas Permanent School Fund Corp

by · The Cerbat Gem

Texas Permanent School Fund Corp cut its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 36.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,923 shares of the oil and gas company’s stock after selling 185,778 shares during the period. Exxon Mobil makes up about 0.4% of Texas Permanent School Fund Corp’s holdings, making the stock its 25th largest holding. Texas Permanent School Fund Corp’s holdings in Exxon Mobil were worth $34,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new stake in Exxon Mobil in the 1st quarter valued at $31,000. Game Plan Financial Advisors LLC boosted its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. 1248 Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $40,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $38,000. Finally, Bare Financial Services Inc increased its position in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.9%

Exxon Mobil stock opened at $117.75 on Tuesday. The company has a market capitalization of $496.55 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The firm has a 50 day moving average price of $115.67 and a 200 day moving average price of $112.40.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion for the quarter. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $118.75, for a total transaction of $356,250.00. Following the sale, the vice president directly owned 31,584 shares in the company, valued at $3,750,600. This represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 8th. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research note on Monday, December 8th. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Read Our Latest Stock Report on Exxon Mobil

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Further Reading

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