Public Employees Retirement System of Ohio Boosts Stake in ExxonMobil Corporation $XOM

Public Employees Retirement System of Ohio boosted its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,736,634 shares of the oil and gas company’s stock after purchasing an additional 11,183 shares during the period. ExxonMobil comprises about 1.0% of Public Employees Retirement System of Ohio’s investment portfolio, making the stock its 14th biggest position. Public Employees Retirement System of Ohio’s holdings in ExxonMobil were worth $294,637,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Berbice Capital Management LLC purchased a new stake in ExxonMobil in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Key Capital Management INC bought a new position in shares of ExxonMobil in the fourth quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in ExxonMobil during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on XOM shares. Scotiabank increased their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. UBS Group raised their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group lifted their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.25.

View Our Latest Analysis on ExxonMobil

ExxonMobil Trading Down 0.0%

Shares of XOM opened at $156.88 on Monday. The company’s fifty day moving average is $145.91 and its 200 day moving average is $147.60. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The stock has a market capitalization of $650.28 billion, a PE ratio of 26.46, a P/E/G ratio of 0.64 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts expect that ExxonMobil Corporation will post 11.55 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

About ExxonMobil

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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