New Mexico Educational Retirement Board Sells 26,500 Shares of Exxon Mobil Corporation (XOM)
New Mexico Educational Retirement Board decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 393,880 shares of the oil and gas company’s stock after selling 26,500 shares during the period. Exxon Mobil Corporation makes up approximately 1.5% of New Mexico Educational Retirement Board’s investment portfolio, making the stock its 6th largest holding. New Mexico Educational Retirement Board’s holdings in Exxon Mobil Corporation were worth $31,526,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Riggs Asset Managment Co. Inc. grew its stake in shares of Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 292 shares during the last quarter. Horan Securities Inc. boosted its position in Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares during the last quarter. Watermark Asset Management Inc. purchased a new stake in Exxon Mobil Corporation in the first quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the last quarter. Finally, David R. Rahn & Associates Inc. purchased a new stake in Exxon Mobil Corporation in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 50.84% of the company’s stock.
In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.
Shares of Exxon Mobil Corporation (XOM) opened at $82.24 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $348,460.00, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the business earned $0.63 EPS. equities research analysts anticipate that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s payout ratio is currently 100.33%.
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A number of equities research analysts recently commented on the company. lowered Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and dropped their target price for the company from $83.60 to $77.00 in a research report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) set a $86.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Wells Fargo & Company set a $84.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a research report on Monday, October 30th. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $85.57.
Exxon Mobil Corporation 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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