State Of New Jersey Common Pension Fund D Position in Exxon Mobil Corp (XOM) Has Upped by $27.00 Million as Shares Rose

June 20, 2017 - By Marry Poplack

Investors sentiment decreased to 0.83 in 2016 Q4. Its down 0.04, from 0.87 in 2016Q3. It is negative, as 58 investors sold XOM shares while 851 reduced holdings. 104 funds opened positions while 652 raised stakes. 2.08 billion shares or 2.44% more from 2.03 billion shares in 2016Q3 were reported. Psagot Invest House Limited holds 0.01% or 1,320 shares. Davy Asset has invested 4% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Clear Harbor Asset Management Ltd Liability Corporation invested in 1.14% or 60,000 shares. Hayek Kallen Investment Mngmt invested 4.04% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Stillwater Mngmt Ltd holds 1.1% in Exxon Mobil Corporation (NYSE:XOM) or 23,646 shares. 172,858 were accumulated by Middleton Communication Ma. Stralem And has invested 2.12% in Exxon Mobil Corporation (NYSE:XOM). 430,664 were reported by Country Trust Bankshares. Main Street Research Lc holds 0.83% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 47,195 shares. Parallax Volatility Advisers LP has invested 0.03% in Exxon Mobil Corporation (NYSE:XOM). Schmidt P J Inv owns 1.77% invested in Exxon Mobil Corporation (NYSE:XOM) for 53,092 shares. Barr E S & accumulated 356,333 shares. Mariner Wealth Advsrs Ltd Co accumulated 261,362 shares or 1.09% of the stock. 4,767 were reported by Horizon Inv Svcs Ltd Llc. Train Babcock Lc owns 2.46% invested in Exxon Mobil Corporation (NYSE:XOM) for 66,231 shares.

State Of New Jersey Common Pension Fund D increased its stake in Exxon Mobil Corp (XOM) by 7.2% based on its latest 2016Q4 regulatory filing with the SEC. State Of New Jersey Common Pension Fund D bought 300,000 shares as the company’s stock rose 0.21% with the market. The institutional investor held 4.47M shares of the integrated oil company at the end of 2016Q4, valued at $403.28 million, up from 4.17M at the end of the previous reported quarter. State Of New Jersey Common Pension Fund D who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $344.84B market cap company. The stock declined 0.80% or $0.66 reaching $82.1 on the news. About 29,082 shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since June 20, 2016 and is downtrending. It has underperformed by 25.78% the S&P500.

State Of New Jersey Common Pension Fund D, which manages about $23.29B US Long portfolio, decreased its stake in Csx Corp (NYSE:CSX) by 100,000 shares to 75,000 shares, valued at $2.70M in 2016Q4, according to the filing. It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 1.01 million shares in the quarter, leaving it with 13.03M shares, and cut its stake in Ares Cap Corp (NASDAQ:ARCC).

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Is It Exxon Mobil’s Time To Shine?” on June 07, 2017, also Nytimes.com with their article: “Exxon Mobil Lends Its Support to a Carbon Tax Proposal” published on June 20, 2017, Seekingalpha.com published: “Exxon Mobil: Too Much Bad News?” on June 15, 2017. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Exxon Mobil, Chevron: Stay Close To The Big Boys” published on June 19, 2017 as well as Seekingalpha.com‘s news article titled: “Exxon biofuels partnership makes oil from algae “breakthrough”” with publication date: June 19, 2017.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 22 analysts covering Exxon Mobil (NYSE:XOM), 8 have Buy rating, 5 Sell and 9 Hold. Therefore 36% are positive. Exxon Mobil had 48 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Monday, May 1. The company was downgraded on Tuesday, January 26 by Tudor Pickering. The firm has “Neutral” rating by Bank of America given on Thursday, June 2. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Buy” rating by Bank of America on Thursday, May 11. The rating was downgraded by UBS to “Sell” on Thursday, January 19. As per Wednesday, May 18, the company rating was upgraded by Argus Research. The company was upgraded on Monday, October 12 by Barclays Capital. Goldman Sachs maintained Exxon Mobil Corporation (NYSE:XOM) on Friday, March 18 with “Conviction Buy” rating. On Wednesday, January 11 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm earned “Buy” rating on Thursday, August 20 by Vetr.

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