Louisiana State Employees Retirement System Has $27.84 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

Louisiana State Employees Retirement System trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 234,100 shares of the oil and gas company's stock after selling 2,300 shares during the quarter. Exxon Mobil comprises 0.6% of Louisiana State Employees Retirement System's portfolio, making the stock its 20th biggest holding. Louisiana State Employees Retirement System's holdings in Exxon Mobil were worth $27,842,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR lifted its position in Exxon Mobil by 0.4% during the 1st quarter. Stephens Inc. AR now owns 347,407 shares of the oil and gas company's stock worth $41,317,000 after acquiring an additional 1,363 shares during the last quarter. Financial Security Advisor Inc. increased its stake in shares of Exxon Mobil by 2.5% in the first quarter. Financial Security Advisor Inc. now owns 39,387 shares of the oil and gas company's stock worth $4,684,000 after purchasing an additional 963 shares during the period. FDx Advisors Inc. lifted its position in shares of Exxon Mobil by 17.0% during the 1st quarter. FDx Advisors Inc. now owns 5,446 shares of the oil and gas company's stock worth $648,000 after purchasing an additional 791 shares during the last quarter. Platform Technology Partners boosted its stake in Exxon Mobil by 5.9% during the 1st quarter. Platform Technology Partners now owns 15,221 shares of the oil and gas company's stock valued at $1,810,000 after purchasing an additional 848 shares during the period. Finally, BankPlus Trust Department boosted its stake in Exxon Mobil by 7.1% during the 1st quarter. BankPlus Trust Department now owns 22,740 shares of the oil and gas company's stock valued at $2,704,000 after purchasing an additional 1,510 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the subject of several research reports. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $1.38 during midday trading on Monday, reaching $114.05. The company had a trading volume of 13,217,523 shares, compared to its average volume of 16,991,494. The stock has a fifty day simple moving average of $108.01 and a 200 day simple moving average of $108.81. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $491.52 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil Profile

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.