Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,486 shares of the oil and gas company’s stock after selling 60,569 shares during the period. Exxon Mobil Corporation makes up about 1.3% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s investment portfolio, making the stock its 7th largest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Exxon Mobil Corporation were worth $55,807,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of XOM. Norges Bank purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $3,306,084,000. Pioneer Investment Management Inc. increased its position in Exxon Mobil Corporation by 142.4% in the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after buying an additional 1,304,036 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Exxon Mobil Corporation by 9,075.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,034,518 shares of the oil and gas company’s stock valued at $1,034,000 after buying an additional 1,023,243 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $72,935,000. Finally, State of Tennessee Treasury Department increased its position in Exxon Mobil Corporation by 28.5% in the first quarter. State of Tennessee Treasury Department now owns 3,214,501 shares of the oil and gas company’s stock valued at $263,621,000 after buying an additional 712,959 shares during the last quarter. 50.59% of the stock is currently owned by institutional investors.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.

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Several equities research analysts recently issued reports on XOM shares. Bank of America Corporation upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $83.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, May 30th. BMO Capital Markets boosted their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, June 21st. Wells Fargo & Company reiterated a “market perform” rating and issued a $82.00 price target (down from $90.50) on shares of Exxon Mobil Corporation in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. Nine research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $85.39.

Exxon Mobil Corporation Company Profile

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

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