Teachers Retirement System of The State of Kentucky Sells 49,819 Shares of ExxonMobil Corporation $XOM

Teachers Retirement System of The State of Kentucky lessened its position in shares of ExxonMobil Corporation (NYSE:XOM) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 393,661 shares of the oil and gas company’s stock after selling 49,819 shares during the quarter. ExxonMobil comprises about 0.5% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 24th largest position. Teachers Retirement System of The State of Kentucky’s holdings in ExxonMobil were worth $66,789,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in ExxonMobil during the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil in the 4th quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the period. Key Capital Management INC acquired a new stake in shares of ExxonMobil during the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in shares of ExxonMobil during the fourth quarter worth approximately $32,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Mizuho lowered their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, ExxonMobil has a consensus rating of “Moderate Buy” and an average price target of $164.45.

ExxonMobil Stock Up 0.9%

Shares of NYSE:XOM opened at $145.79 on Friday. The company has a 50 day moving average price of $145.72 and a two-hundred day moving average price of $146.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market capitalization of $604.31 billion, a PE ratio of 24.59, a PEG ratio of 0.59 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period last year, the firm posted $1.76 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts forecast that ExxonMobil Corporation will post 11.43 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.