Teachers Retirement System of The State of Kentucky Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 338,489 shares of the oil and gas company's stock after selling 24,722 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Exxon Mobil were worth $39,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in shares of Exxon Mobil by 6.5% in the third quarter. Sunbelt Securities Inc. now owns 150,755 shares of the oil and gas company's stock valued at $17,672,000 after acquiring an additional 9,209 shares in the last quarter. Chiron Investment Management LLC raised its holdings in shares of Exxon Mobil by 81.5% in the 3rd quarter. Chiron Investment Management LLC now owns 35,744 shares of the oil and gas company's stock valued at $4,190,000 after purchasing an additional 16,049 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of Exxon Mobil by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 135,660 shares of the oil and gas company's stock worth $15,936,000 after purchasing an additional 16,392 shares during the period. RB Capital Management LLC boosted its stake in shares of Exxon Mobil by 1.6% during the third quarter. RB Capital Management LLC now owns 21,999 shares of the oil and gas company's stock valued at $2,579,000 after purchasing an additional 350 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after buying an additional 1,622,064 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. BNP Paribas cut shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.75 during trading on Wednesday, hitting $111.92. 32,288,332 shares of the company's stock were exchanged, compared to its average volume of 16,246,326. The stock has a market capitalization of $491.90 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 4.74 and a beta of 0.89. The business has a 50-day simple moving average of $119.53 and a 200-day simple moving average of $116.46. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

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.