Exxon Mobil Corporation (XOM) Shares Sold by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the oil and gas company’s stock after selling 3,000 shares during the quarter. Exxon Mobil makes up 2.0% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 8th biggest holding. New Jersey Better Educational Savings Trust’s holdings in Exxon Mobil were worth $2,341,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Exxon Mobil by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in Exxon Mobil by 8,029.5% during the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after buying an additional 3,695,728 shares during the last quarter. APG Asset Management N.V. boosted its stake in Exxon Mobil by 22.7% during the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock valued at $910,002,000 after buying an additional 2,088,263 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Exxon Mobil by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after buying an additional 1,406,529 shares during the last quarter. Finally, Pioneer Investment Management Inc. boosted its stake in Exxon Mobil by 142.4% during the first quarter. Pioneer Investment Management Inc. now owns 2,219,877 shares of the oil and gas company’s stock valued at $182,052,000 after buying an additional 1,304,036 shares during the last quarter. Hedge funds and other institutional investors own 51.22% of the company’s stock.

In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

Exxon Mobil Corporation (NYSE XOM) opened at $83.46 on Monday. Exxon Mobil Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $93.22. The stock has a market capitalization of $353,628.84, a price-to-earnings ratio of 23.44, a PEG ratio of 1.75 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same period last year, the business posted $0.63 EPS. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio is presently 100.33%.

Several equities research analysts have recently issued reports on XOM shares. TheStreet raised Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays set a $94.00 price objective on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 21st. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target for the company in a research note on Thursday, August 17th. Societe Generale set a $95.00 price target on Exxon Mobil and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, Cowen reissued a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Tuesday, September 19th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.86.

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About Exxon Mobil

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 (NYSE:XOM)

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