Exxon Mobil Corporation (NYSE:XOM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,670,688 shares of the oil and gas company's stock after selling 194,566 shares during the quarter. Exxon Mobil comprises 1.0% of New York State Teachers Retirement System's holdings, making the stock its 14th largest position. New York State Teachers Retirement System owned 0.08% of Exxon Mobil worth $436,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $32,000. Clarity Asset Management Inc. increased its holdings in shares of Exxon Mobil by 29.7% in the fourth 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 during the period. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM traded up $1.10 during trading on Friday, hitting $112.15. The company's stock had a trading volume of 11,223,580 shares, compared to its average volume of 15,771,659. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The business's fifty day simple moving average is $107.32 and its 200 day simple moving average is $108.52. The firm has a market capitalization of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the company earned $2.06 earnings per share. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XOM. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.40.

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.