California Public Employees Retirement System increased its stake in Exxon Mobil Co. (NYSE:XOM) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,291,949 shares of the oil and gas company’s stock after acquiring an additional 608,167 shares during the period. Exxon Mobil makes up approximately 1.4% of California Public Employees Retirement System’s investment portfolio, making the stock its 4th biggest position. California Public Employees Retirement System’s holdings in Exxon Mobil were worth $925,714,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of XOM. Janney Montgomery Scott LLC lifted its stake in Exxon Mobil by 5.6% during the third quarter. Janney Montgomery Scott LLC now owns 822,126 shares of the oil and gas company’s stock valued at $67,398,000 after purchasing an additional 43,742 shares during the last quarter. Blue Edge Capital LLC lifted its position in shares of Exxon Mobil by 8.5% in the 3rd quarter. Blue Edge Capital LLC now owns 50,547 shares of the oil and gas company’s stock valued at $4,144,000 after acquiring an additional 3,978 shares in the last quarter. Janney Capital Management LLC lifted its position in shares of Exxon Mobil by 4.3% in the 3rd quarter. Janney Capital Management LLC now owns 60,657 shares of the oil and gas company’s stock valued at $4,972,000 after acquiring an additional 2,527 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $3,061,000. Finally, Cambria Investment Management L.P. lifted its position in shares of Exxon Mobil by 188.1% in the 3rd quarter. Cambria Investment Management L.P. now owns 67,562 shares of the oil and gas company’s stock valued at $5,539,000 after acquiring an additional 44,110 shares in the last quarter. Institutional investors and hedge funds own 53.18% of the company’s stock.
In other news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now owns 291,385 shares in the company, valued at approximately $24,199,524.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.08% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE XOM) opened at $74.53 on Wednesday. Exxon Mobil Co. has a 12-month low of $73.56 and a 12-month high of $89.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52. The stock has a market cap of $315,820.00, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same quarter last year, the company earned $0.41 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities analysts expect that Exxon Mobil Co. will post 4.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 12th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.13%. Exxon Mobil’s dividend payout ratio (DPR) is 95.36%.
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About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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