Exxon Mobil Corp (XOM) Shareholder California Public Employees Retirement System Lowered Position by $19.93 Million

July 27, 2018 - By Richard Slagle

Exxon Mobil Corporation (NYSE:XOM) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.03, from 0.84 in 2017Q4. It turned negative, as 52 investors sold XOM shares while 836 reduced holdings. 121 funds opened positions while 596 raised stakes. 2.15 billion shares or 0.92% less from 2.17 billion shares in 2017Q4 were reported. Donaldson Cap Mngmt invested in 265,924 shares. Vista Ptnrs holds 0.07% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 4,191 shares. Community Financial Bank Of Raymore invested in 31,136 shares. High Pointe Mngmt Limited Liability Co holds 0.89% or 8,710 shares in its portfolio. Meeder Asset invested in 0.94% or 135,410 shares. Appleton Partners Ma owns 66,264 shares for 0.75% of their portfolio. Associated Banc invested in 308,090 shares. Hartline has invested 0.77% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Moreover, Klingenstein Fields & Ltd Liability Company has 0.32% invested in Exxon Mobil Corporation (NYSE:XOM). The Ohio-based Beacon Cap Mngmt has invested 0% in Exxon Mobil Corporation (NYSE:XOM). Virginia Retirement System Et Al holds 1.39% or 1.54M shares in its portfolio. California-based L & S Advsrs Incorporated has invested 0.82% in Exxon Mobil Corporation (NYSE:XOM). Ontario – Canada-based Cibc World Mkts has invested 0.2% in Exxon Mobil Corporation (NYSE:XOM). Nomura invested in 1.57 million shares. Lourd Capital Limited Liability Com owns 250,766 shares.

California Public Employees Retirement System decreased its stake in Exxon Mobil Corp (XOM) by 2.33% based on its latest 2018Q1 regulatory filing with the SEC. California Public Employees Retirement System sold 269,291 shares as the company’s stock declined 0.16% with the market. The institutional investor held 11.28M shares of the integrated oil company at the end of 2018Q1, valued at $841.64 million, down from 11.55 million at the end of the previous reported quarter. California Public Employees Retirement System who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $356.66B market cap company. The stock increased 0.78% or $0.65 during the last trading session, reaching $84.24. About 13.21M shares traded or 10.82% up from the average. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since July 27, 2017 and is downtrending. It has underperformed by 16.29% the S&P500.

California Public Employees Retirement System, which manages about $70.22B US Long portfolio, upped its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 45,850 shares to 426,258 shares, valued at $50.19M in 2018Q1, according to the filing. It also increased its holding in Northern Trust Corp (NASDAQ:NTRS) by 43,333 shares in the quarter, for a total of 610,605 shares, and has risen its stake in Cognizant Tech Solutions A (NASDAQ:CTSH).

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Fool.com which released: “3 Dividend Stocks That Pay You Better Than ExxonMobil Does” on July 25, 2018, also Seekingalpha.com with their article: “Wall Street Breakfast: Earnings Season Kicks Into High Gear” published on July 23, 2018, Benzinga.com published: “Exxon Mobil’s Q2 Earnings Outlook” on July 26, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon starts up new Baytown chemicals project” published on July 26, 2018 as well as Benzinga.com‘s news article titled: “Upcoming Earnings: Oil Supermajors Chevron And ExxonMobil To Report Friday Morning” with publication date: July 26, 2018.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 10 analysts covering Exxon Mobil (NYSE:XOM), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Exxon Mobil has $100 highest and $79 lowest target. $85.29’s average target is 1.25% above currents $84.24 stock price. Exxon Mobil had 15 analyst reports since February 5, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 15 by HSBC. The stock has “Hold” rating by Piper Jaffray on Sunday, April 22. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, July 11. The firm has “Neutral” rating given on Monday, February 5 by Credit Suisse. Wells Fargo maintained the shares of XOM in report on Tuesday, June 26 with “Market Perform” rating. RBC Capital Markets upgraded the shares of XOM in report on Wednesday, May 30 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Thursday, March 8. The rating was maintained by Jefferies with “Hold” on Thursday, April 19. The firm has “Neutral” rating by Credit Suisse given on Monday, April 30. The firm earned “Hold” rating on Monday, April 23 by Raymond James.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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