Alberta Investment Management Corp Sells 37,150 Shares of Exxon Mobil Corporation $XOM

Alberta Investment Management Corp lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 57.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,682 shares of the oil and gas company’s stock after selling 37,150 shares during the quarter. Alberta Investment Management Corp’s holdings in Exxon Mobil were worth $3,121,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after buying an additional 1,111,231 shares during the period. Geode Capital Management LLC lifted its position in Exxon Mobil by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares in the last quarter. Norges Bank acquired a new position in Exxon Mobil in the 2nd quarter worth $6,163,719,000. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after purchasing an additional 1,274,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock valued at $3,611,553,000 after purchasing an additional 1,126,912 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.3%

Shares of Exxon Mobil stock opened at $151.09 on Friday. The firm has a market capitalization of $637.18 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 15.63 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $131.72 and its 200 day moving average is $119.77. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This trade represents a 13.70% 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. Over the last 90 days, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Jefferies Financial Group increased their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Finally, UBS Group reiterated a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $140.59.

Exxon Mobil Profile

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.