State of Tennessee Department of Treasury Sells 90,170 Shares of Exxon Mobil Co. (NYSE:XOM)

State of Tennessee Department of Treasury trimmed its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,686,298 shares of the oil and gas company's stock after selling 90,170 shares during the period. Exxon Mobil accounts for approximately 0.7% of State of Tennessee Department of Treasury's holdings, making the stock its 27th largest position. State of Tennessee Department of Treasury's holdings in Exxon Mobil were worth $181,395,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after buying an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. Franklin Resources Inc. grew its holdings in Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of Exxon Mobil by 3.9% in the fourth 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 purchasing an additional 1,293,111 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on XOM shares. Barclays dropped their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Mizuho cut their price objective on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Scotiabank lowered their target price 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. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.75.

Exxon Mobil Stock Up 2.5 %

Shares of XOM opened at $106.84 on Monday. The firm has a 50 day simple moving average of $109.82 and a two-hundred day simple moving average of $112.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market cap of $462.12 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.71%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company's stock.

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.

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