Retirement Systems of Alabama Sells 15,410 Shares of Exxon Mobil Corporation $XOM

Retirement Systems of Alabama lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,422,991 shares of the oil and gas company’s stock after selling 15,410 shares during the period. Exxon Mobil comprises 0.5% of Retirement Systems of Alabama’s holdings, making the stock its 28th largest holding. Retirement Systems of Alabama’s holdings in Exxon Mobil were worth $160,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Exxon Mobil during the 2nd quarter worth $6,163,719,000. First Trust Advisors LP lifted its position in shares of Exxon Mobil by 150.2% during the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after acquiring an additional 4,563,707 shares during the period. Cerity Partners LLC grew its holdings in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the period. Finally, Mizuho Markets Cayman LP acquired a new position in Exxon Mobil in the second quarter valued at about $144,147,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.0%

NYSE XOM opened at $134.93 on Monday. The company has a market cap of $569.03 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 8.62 and a beta of 0.37. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $135.98. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average is $120.74 and its 200 day moving average is $115.29.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. During the same period last year, the firm posted $1.92 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Mizuho lifted their price target on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group upped their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Citigroup lifted their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.84.

View Our Latest Stock Analysis on XOM

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil 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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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