Teacher Retirement System of Texas Sells 4,503 Shares of Exxon Mobil Corporation (NYSE:XOM)

Teacher Retirement System of Texas lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,460,382 shares of the oil and gas company's stock after selling 4,503 shares during the quarter. Exxon Mobil accounts for approximately 0.7% of Teacher Retirement System of Texas' investment portfolio, making the stock its 17th biggest holding. Teacher Retirement System of Texas' holdings in Exxon Mobil were worth $173,683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after buying an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $6,936,737,000. Northern Trust Corp grew its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Franklin Resources Inc. raised its position in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.0%

Shares of NYSE:XOM traded up $1.10 on Friday, hitting $112.15. 11,223,580 shares of the company traded hands, compared to its average volume of 15,759,096. The company has a market cap of $483.33 billion, a PE ratio of 14.87, a PEG ratio of 2.16 and a beta of 0.50. The stock has a 50 day simple moving average of $107.32 and a 200-day simple moving average of $108.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XOM shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Company 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.