Alliancebernstein L.P. Has $814.67 Million Stock Position in Exxon Mobil Corporation $XOM

Alliancebernstein L.P. reduced its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.3% during the 3rd quarter, HoldingsChannel reports. 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.’s holdings in Exxon Mobil were worth $814,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Maryland State Retirement & Pension System boosted its position in Exxon Mobil by 2.6% in the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after buying an additional 5,573 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after buying an additional 9,831 shares during the last quarter. Capital Counsel LLC NY increased its stake in shares of Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after buying an additional 460 shares during the period. HORAN Wealth LLC increased its stake in shares of Exxon Mobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after buying an additional 5,788 shares during the period. Finally, New Age Alpha Advisors LLC raised its position in shares of Exxon Mobil by 5.6% during the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after acquiring an additional 8,853 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,150 shares of Exxon Mobil stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 16,380 shares of company stock worth $2,227,734. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.8%

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

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a dividend of $1.03 per share. 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 presently 61.58%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on XOM shares. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a report on Wednesday, February 4th. Wells Fargo & Company dropped their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Mizuho set a $140.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Barclays boosted their price target on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Nine equities research 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’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average price target of $146.00.

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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.

Further Reading

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

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