Exxon Mobil Corporation (NYSE:XOM) Stock Holdings Trimmed by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 205,353 shares of the oil and gas company's stock after selling 6,500 shares during the quarter. Exxon Mobil comprises 0.9% of New Mexico Educational Retirement Board's portfolio, making the stock its 14th largest position. New Mexico Educational Retirement Board's holdings in Exxon Mobil were worth $24,423,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $45,000. Clarity Asset Management Inc. grew its stake in Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new position in Exxon Mobil during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.47 during mid-day trading on Friday, hitting $115.40. The company had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. The stock has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm's 50 day simple moving average is $108.01 and its two-hundred day simple moving average is $108.78.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for 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 revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. 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. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XOM shares. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank increased their target price on Exxon Mobil from $115.00 to $125.00 and gave the stock a "sector outperform" rating in a report on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.05.

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.