Exxon Mobil Corporation (XOM) is Public Employees Retirement System of Ohio’s 6th Largest Position

Public Employees Retirement System of Ohio increased its position in Exxon Mobil Corporation (NYSE:XOM) by 0.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,951,285 shares of the oil and gas company’s stock after buying an additional 151 shares during the period. Exxon Mobil Corporation makes up approximately 1.4% of Public Employees Retirement System of Ohio’s investment portfolio, making the stock its 6th largest position. Public Employees Retirement System of Ohio owned about 0.07% of Exxon Mobil Corporation worth $242,035,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Thomas J. Herzfeld Advisors Inc. bought a new position in Exxon Mobil Corporation during the fourth quarter worth $101,000. Horan Securities Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position 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 buying an additional 220 shares in the last quarter. Cordasco Financial Network boosted its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares in the last quarter. Finally, Diversified Portfolios Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth $224,000. Hedge funds and other institutional investors own 50.77% of the company’s stock.

Shares of Exxon Mobil Corporation (XOM) traded down 0.13% on Friday, reaching $76.16. The company had a trading volume of 3,926,166 shares. The company has a 50-day moving average price of $80.06 and a 200-day moving average price of $81.53. The firm has a market cap of $322.70 billion, a P/E ratio of 27.45 and a beta of 0.81. 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 released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts expect that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.04%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.

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A number of equities analysts have weighed in on the company. Maxim Group assumed coverage on Exxon Mobil Corporation in a report on Thursday, May 11th. They issued a “hold” rating for the company. Bank of America Corporation upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price for the company. in a research note on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Finally, Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a research note on Wednesday, June 7th. They set a “term buy” rating and a $90.00 target price for the company. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Exxon Mobil Corporation currently has a consensus rating of “Hold” and an average price target of $84.98.

In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

About Exxon Mobil Corporation

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.