Municipal Employees Retirement System of Michigan lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 171,680 shares of the oil and gas company’s stock after acquiring an additional 9,020 shares during the period. Exxon Mobil Corporation accounts for about 0.7% of Municipal Employees Retirement System of Michigan’s portfolio, making the stock its 6th largest position. Municipal Employees Retirement System of Michigan’s holdings in Exxon Mobil Corporation were worth $13,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in XOM. Horan Securities Inc. acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $102,000. Riggs Asset Managment Co. Inc. lifted its position in shares of Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the period. Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Exxon Mobil Corporation by 13.5% during the 1st 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 acquiring an additional 220 shares during the period. Finally, Diversified Portfolios Inc. acquired a new position in shares of Exxon Mobil Corporation during the 1st quarter valued at $224,000. Institutional investors own 50.73% of the company’s stock.

A number of research analysts recently issued reports on the stock. Jefferies Group LLC set a $84.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Thursday. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil Corporation in a research report on Thursday. BMO Capital Markets set a $80.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Wednesday. Barclays PLC restated an “overweight” rating and set a $94.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Friday, October 13th. Finally, Vetr downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a report on Friday, October 6th. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average price target of $85.32.

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In other news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

Exxon Mobil Corporation (XOM) opened at 83.11 on Friday. The company has a market cap of $352.15 billion, a price-to-earnings ratio of 29.96 and a beta of 0.82. The firm’s 50-day moving average is $80.92 and its 200-day moving average is $80.79. 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 released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the previous year, the company earned $0.41 EPS. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post $3.49 EPS for the current fiscal year.

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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