Exxon Mobil Co. (XOM) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,285,832 shares of the oil and gas company’s stock after selling 106,700 shares during the quarter. Exxon Mobil makes up 0.9% of State Treasurer State of Michigan’s holdings, making the stock its 22nd largest position. State Treasurer State of Michigan’s holdings in Exxon Mobil were worth $105,413,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWH Capital Management Inc. bought a new position in Exxon Mobil in the 2nd quarter valued at about $114,000. Horan Securities Inc. raised its holdings in Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 260 shares during the period. Acrospire Investment Management LLC raised its holdings in Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 50 shares during the period. Finally, Mountain Capital Investment Advisors Inc bought a new position in Exxon Mobil in the 2nd quarter valued at about $175,000. 51.05% of the stock is currently owned by institutional investors.

Exxon Mobil Co. (NYSE XOM) opened at $83.97 on Monday. Exxon Mobil Co. has a 52-week low of $76.05 and a 52-week high of $91.34. The stock has a market cap of $355,281.31, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter in the prior year, the business posted $0.63 EPS. sell-side analysts expect that Exxon Mobil Co. will post 3.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were given a dividend of $0.77 per share. The ex-dividend date was Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio is 100.33%.

Several research analysts have weighed in on XOM shares. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a report on Friday, October 27th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target on the stock in a report on Tuesday, August 29th. Barclays set a $91.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Tuesday, October 10th. Cowen reissued a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Tuesday, September 19th. Finally, Societe Generale set a $95.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a report on Monday, September 18th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $86.36.

In related news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,750,555.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares in the company, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 in the last quarter. 0.08% of the stock is currently owned by company insiders.

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About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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