State Board of Administration of Florida Retirement System Trims Stake in Exxon Mobil Co. (NYSE:XOM)

State Board of Administration of Florida Retirement System reduced its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,964,882 shares of the oil and gas company’s stock after selling 123,332 shares during the quarter. Exxon Mobil accounts for 0.8% of State Board of Administration of Florida Retirement System’s holdings, making the stock its 15th largest position. State Board of Administration of Florida Retirement System owned approximately 0.12% of Exxon Mobil worth $410,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GoalVest Advisory LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $38,000. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $30,000. Horan Securities Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $31,000. West Bancorporation Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $32,000. Finally, First Quadrant LLC CA boosted its stake in Exxon Mobil by 236.8% during the first quarter. First Quadrant LLC CA now owns 522 shares of the oil and gas company’s stock worth $43,000 after buying an additional 367 shares during the last quarter. 54.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $87.19 on Friday. The stock’s 50-day moving average is $91.11 and its two-hundred day moving average is $85.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a market cap of $367.29 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business’s revenue for the quarter was up 70.8% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 12.24 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.04%. Exxon Mobil’s payout ratio is currently 38.51%.

Analyst Ratings Changes

A number of equities analysts have weighed in on XOM shares. HSBC boosted their price objective on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Argus upped their price target on Exxon Mobil from $92.00 to $104.00 in a research note on Monday, May 9th. StockNews.com lowered Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. Finally, Citigroup upped their price target on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Featured Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.