State of Tennessee Treasury Department Has $263.62 Million Position in Exxon Mobil Corporation (XOM)

State of Tennessee Treasury Department lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 28.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,214,501 shares of the oil and gas company’s stock after purchasing an additional 712,959 shares during the period. Exxon Mobil Corporation comprises 1.2% of State of Tennessee Treasury Department’s holdings, making the stock its 9th biggest holding. State of Tennessee Treasury Department owned about 0.08% of Exxon Mobil Corporation worth $263,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Exxon Mobil Corporation in the 4th quarter worth approximately $3,306,084,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Exxon Mobil Corporation by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after purchasing an additional 51,810 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Exxon Mobil Corporation by 6.9% in the 4th quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after purchasing an additional 471,230 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Exxon Mobil Corporation by 1.0% in the 1st quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock worth $385,759,000 after purchasing an additional 47,545 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Exxon Mobil Corporation by 4.2% in the 1st quarter. National Pension Service now owns 2,756,368 shares of the oil and gas company’s stock worth $230,708,000 after purchasing an additional 110,079 shares during the last quarter. 50.82% of the stock is currently owned by institutional investors.

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Several research analysts have recently weighed in on XOM shares. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $84.87 target price on the stock in a research report on Wednesday. UBS AG raised shares of Exxon Mobil Corporation from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $76.00 in a research report on Wednesday, September 6th. Jefferies Group LLC set a $81.00 target price on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada set a $90.00 target price on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, Piper Jaffray Companies set a $76.00 target price on shares of Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $84.65.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 80.07 on Friday. The company has a market cap of $339.27 billion, a price-to-earnings ratio of 28.86 and a beta of 0.82. The firm has a 50-day moving average of $78.36 and a 200 day moving average of $80.83. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post $3.44 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.85%. Exxon Mobil Corporation’s payout ratio is 111.19%.

In related news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.

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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