Public Employees Retirement Association of Colorado Purchases 53,046 Shares of Exxon Mobil Co. (NYSE:XOM)

Public Employees Retirement Association of Colorado boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 623,264 shares of the oil and gas company’s stock after acquiring an additional 53,046 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Exxon Mobil were worth $71,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC increased its stake in shares of Exxon Mobil by 1.0% during the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after buying an additional 86 shares during the period. Bigelow Investment Advisors LLC increased its position in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its holdings in shares of Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC grew its stake in shares of Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after purchasing an additional 88 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.27 on Friday. The stock has a fifty day moving average price of $115.88 and a 200 day moving average price of $115.33. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market cap of $454.51 billion, a PE ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90.

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

Exxon Mobil Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Barclays decreased their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.76.

About Exxon Mobil

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.