Teachers Insurance & Annuity Association of America Sells 110,272 Shares of ExxonMobil Corporation $XOM

Teachers Insurance & Annuity Association of America reduced its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 95.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,765 shares of the oil and gas company’s stock after selling 110,272 shares during the quarter. ExxonMobil makes up about 0.8% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 20th biggest holding. Teachers Insurance & Annuity Association of America’s holdings in ExxonMobil were worth $694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Norges Bank bought a new stake in ExxonMobil during the 4th quarter valued at $7,625,063,000. Franklin Resources Inc. raised its holdings in ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after buying an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after buying an additional 2,546,791 shares during the last quarter. AQR Capital Management LLC raised its holdings in ExxonMobil by 105.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock valued at $329,797,000 after buying an additional 1,501,235 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new stake in ExxonMobil during the 4th quarter valued at $138,732,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Stock Up 1.4%

Shares of NYSE XOM opened at $151.95 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $153.70 and a two-hundred day simple moving average of $141.67. The firm has a market capitalization of $629.80 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 0.64 and a beta of 0.16. ExxonMobil Corporation has a 12 month low of $103.83 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. Equities analysts expect that ExxonMobil Corporation will post 11.66 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. UBS Group upped their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Wells Fargo & Company upped their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, Bank of America upped their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and an average target price of $165.55.

Get Our Latest Stock Report on ExxonMobil

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the transaction, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

About ExxonMobil

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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