Exxon Mobil Corporation $XOM Position Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,225,485 shares of the oil and gas company’s stock after selling 325,008 shares during the quarter. Alliancebernstein L.P. owned 0.17% of Exxon Mobil worth $814,673,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $30,000. Bare Financial Services Inc lifted its stake in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new stake in Exxon Mobil in the third quarter worth approximately $40,000. TruNorth Capital Management LLC increased its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in shares of Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.8%

XOM stock opened at $156.29 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $159.60. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The company has a market cap of $651.20 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.28 and a beta of 0.35. The business’s 50-day simple moving average is $141.99 and its 200 day simple moving average is $124.68.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter last year, the company earned $1.67 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 16,380 shares of company stock valued at $2,227,734 over the last three months. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup increased their target price on shares of Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Royal Bank Of Canada boosted their price target on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Morgan Stanley decreased their price target on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Barclays increased their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, Piper Sandler boosted their target price on Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average price target of $146.00.

View Our Latest Stock Report on Exxon Mobil

About Exxon Mobil

(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.

Further Reading

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

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