New York State Teachers Retirement System Has $394.75 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• The New York State Teachers Retirement System holds a stock position of $394.75 million in Exxon Mobil, representing 0.8% of its overall portfolio after a 0.2% reduction in shares during the second quarter.
• Institutional investors currently own approximately 61.80% of Exxon Mobil, with several hedge funds significantly increasing their stakes in the company during recent quarters.
• Exxon Mobil recently announced a quarterly dividend of $0.99, contributing to an annualized yield of 3.5%, with a payout ratio of 56.25%.

New York State Teachers Retirement System trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,661,831 shares of the oil and gas company's stock after selling 8,857 shares during the quarter. Exxon Mobil makes up 0.8% of New York State Teachers Retirement System's portfolio, making the stock its 15th biggest position. New York State Teachers Retirement System owned 0.08% of Exxon Mobil worth $394,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $2,730,414,000. GQG Partners LLC grew its position in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $607,621,000. Ameriprise Financial Inc. grew its position in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock worth $598,280,000 after buying an additional 2,332,293 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. UBS Group boosted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Bank of America boosted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Trading Up 1.4%

NYSE XOM opened at $112.20 on Friday. The stock has a market capitalization of $478.34 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.02 and a beta of 0.51. The stock's 50 day moving average price is $111.83 and its two-hundred day moving average price is $109.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's payout ratio is presently 56.25%.

About Exxon Mobil

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.

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