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

Alberta Investment Management Corp lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 57.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 27,682 shares of the oil and gas company’s stock after selling 37,150 shares during the period. Alberta Investment Management Corp’s holdings in Exxon Mobil were worth $3,121,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC increased its position in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $305,000. Sivia Capital Partners LLC boosted its position in shares of Exxon Mobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares during the last quarter. Castellan Group grew its holdings in Exxon Mobil by 2.9% during the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after buying an additional 740 shares in the last quarter. Finally, United Bank raised its position in Exxon Mobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after buying an additional 600 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.3%

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

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 over the last three months. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Bank of America lifted their target price on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Royal Bank Of Canada increased their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $140.59.

Exxon Mobil Company 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.