Arizona State Retirement System Has $113.69 Million Position in Exxon Mobil Corporation (XOM)

Arizona State Retirement System increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,408,225 shares of the oil and gas company’s stock after acquiring an additional 42,183 shares during the quarter. Exxon Mobil Corporation comprises approximately 1.6% of Arizona State Retirement System’s portfolio, making the stock its 4th biggest position. Arizona State Retirement System’s holdings in Exxon Mobil Corporation were worth $113,686,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its stake in Exxon Mobil Corporation by 27.2% in 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 period. Horan Securities Inc. lifted its stake 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 worth $122,000 after acquiring an additional 260 shares during the period. Watermark Asset Management Inc. purchased a new stake in Exxon Mobil Corporation in the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings 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 worth $152,000 after purchasing an additional 220 shares in the last quarter. Finally, David R. Rahn & Associates Inc. bought a new position in Exxon Mobil Corporation in the second quarter worth $207,000. 50.84% of the stock is owned by institutional investors.

A number of research firms have issued reports on XOM. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil Corporation in a report on Friday, August 18th. Cowen and Company reiterated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Jefferies Group LLC set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, set a $81.50 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $85.78.

In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by insiders.

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Exxon Mobil Corporation (XOM) opened at $80.24 on Friday. The stock has a market capitalization of $341,340.00, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. During the same period in the previous year, the firm earned $0.63 EPS. equities analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil Corporation’s payout ratio is currently 100.33%.

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.

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

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