Allstate Corp Increases Stock Position in ExxonMobil Corporation $XOM

Allstate Corp boosted its stake in ExxonMobil Corporation (NYSE:XOM) by 108.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,174 shares of the oil and gas company’s stock after purchasing an additional 171,004 shares during the quarter. ExxonMobil comprises approximately 0.5% of Allstate Corp’s portfolio, making the stock its 26th biggest holding. Allstate Corp’s holdings in ExxonMobil were worth $39,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MSH Capital Advisors LLC grew its position in ExxonMobil by 11.4% during the fourth quarter. MSH Capital Advisors LLC now owns 39,455 shares of the oil and gas company’s stock valued at $4,748,000 after acquiring an additional 4,048 shares during the last quarter. Summitry LLC grew its position in ExxonMobil by 14.7% during the fourth quarter. Summitry LLC now owns 6,065 shares of the oil and gas company’s stock valued at $730,000 after acquiring an additional 778 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in ExxonMobil by 51.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 14,718 shares of the oil and gas company’s stock valued at $1,771,000 after acquiring an additional 5,017 shares during the last quarter. Fisher Asset Management LLC grew its position in ExxonMobil by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 31,497,852 shares of the oil and gas company’s stock valued at $3,790,452,000 after acquiring an additional 303,359 shares during the last quarter. Finally, Choate Investment Advisors grew its position in ExxonMobil by 3.1% during the fourth quarter. Choate Investment Advisors now owns 123,399 shares of the oil and gas company’s stock valued at $14,850,000 after acquiring an additional 3,677 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

Shares of XOM stock opened at $154.82 on Tuesday. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The stock has a market cap of $641.71 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $155.82 and its 200-day moving average price is $139.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Analyst Ratings Changes

A number of research analysts have commented on XOM shares. HSBC increased their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Wells Fargo & Company raised their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. UBS Group raised their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Sanford C. Bernstein cut their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Finally, Loop Capital set a $123.00 target price on shares of ExxonMobil in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.95.

Insider Activity

In other news, VP Darrin L. Talley sold 2,150 shares of ExxonMobil stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares of the company’s stock, valued at $2,872,955.28. The trade was a 10.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

About ExxonMobil

ExxonMobil 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.