The New Jersey Better Educational Savings Trust decides to keep it stake in Exxon Mobil Corp. (XOM) to the level of $2,437,000

The New Jersey Better Educational Savings Trust decides to keep it stake in Exxon Mobil Corp. (XOM) to the level of $2,437,000

New Jersey Better Educational Savings Trust increased its stake in Exxon Mobil Corp. (NYSE:XOM) by 333.3% during the second quarter, Holdings Channel reports. The institutional investor owned 26,000 shares of the company’s stock after buying an additional 20,000 shares during the period. Exxon Mobil Corp. accounts for 1.6% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 10th largest position. New Jersey Better Educational Savings Trust’s holdings in Exxon Mobil Corp. were worth $2,437,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of XOM. BlackRock Institutional Trust Company N.A. increased its position in shares of Exxon Mobil Corp. by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 111,095,583 shares of the company’s stock valued at $9,286,480,000 after buying an additional 1,455,454 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Exxon Mobil Corp. by 1.4% in the first quarter. BlackRock Fund Advisors now owns 59,669,140 shares of the company’s stock valued at $4,987,743,000 after buying an additional 814,931 shares in the last quarter. BlackRock Group LTD increased its position in shares of Exxon Mobil Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 34,632,830 shares of the company’s stock valued at $2,894,959,000 after buying an additional 759,438 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Exxon Mobil Corp. by 1.2% in the first quarter. TIAA CREF Investment Management LLC now owns 16,108,497 shares of the company’s stock valued at $1,346,509,000 after buying an additional 193,586 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Exxon Mobil Corp. by 0.3% in the first quarter. Prudential Financial Inc. now owns 9,202,117 shares of the company’s stock valued at $769,205,000 after buying an additional 27,381 shares in the last quarter. Institutional investors own 50.42% of the company’s stock.

Exxon Mobil Corp. (NYSE:XOM) traded down 0.34% during mid-day trading on Friday, reaching $86.74. 6,614,908 shares of the company’s stock traded hands. The stock has a market cap of $359.68 billion, a P/E ratio of 34.45 and a beta of 0.83. The company has a 50 day moving average price of $86.27 and a 200-day moving average price of $88.28. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corp. will post $2.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 119.05%.

A number of equities analysts have weighed in on the stock. HSBC set a $88.50 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Barclays PLC set a $102.00 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. set a $102.00 target price on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Thursday, July 14th. Zacks Investment Research raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Monday, July 11th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $87.68.

In other news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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