Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in Exxon Mobil Corporation $XOM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,057,052 shares of the oil and gas company’s stock after buying an additional 61,577 shares during the period. Exxon Mobil makes up about 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s investment portfolio, making the stock its 24th largest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Exxon Mobil were worth $113,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in Exxon Mobil during the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil during the second quarter valued at approximately $38,000. Finally, 1248 Management LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $40,000. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 0.4%

Shares of XOM stock opened at $119.21 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market cap of $502.73 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a fifty day moving average price of $114.07 and a 200-day moving average price of $110.63.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Wall Street Analyst Weigh In

Several analysts have commented on XOM shares. UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.