Kentucky Retirement Systems Grows Position in Exxon Mobil Co. (NYSE:XOM)

Kentucky Retirement Systems lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,043 shares of the oil and gas company’s stock after purchasing an additional 36,474 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Kentucky Retirement Systems’ portfolio, making the stock its 13th largest position. Kentucky Retirement Systems’ holdings in Exxon Mobil were worth $38,916,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA increased its holdings in shares of Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Global Assets Advisory LLC lifted its holdings in shares of Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after acquiring an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC grew its position in Exxon Mobil by 565.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock worth $1,317,817,000 after acquiring an additional 11,199,696 shares in the last quarter. Primecap Management Co. CA bought a new position in Exxon Mobil in the second quarter valued at $980,210,000. Finally, Capital International Investors raised its position in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 1.3 %

NYSE XOM opened at $116.02 on Friday. The business’s 50-day moving average is $115.84 and its 200 day moving average is $115.25. The stock has a market capitalization of $457.47 billion, a PE ratio of 14.22, a PEG ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Barclays cut their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil 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.