6,200 Shares in Exxon Mobil Corporation $XOM Acquired by CTC Alternative Strategies Ltd.

Key Points

• CTC Alternative Strategies Ltd. acquired 6,200 shares of Exxon Mobil Corporation, valued at approximately $737,000, making it the firm’s 26th largest position.
• Several institutional investors increased their stakes in Exxon Mobil, with Bank of New York Mellon Corp owning the largest share at 45.3 million shares worth over $5.39 billion.
• Exxon Mobil recently declared a quarterly dividend of $0.99, representing an annualized payout of $3.96 and a dividend yield of 3.6%.

CTC Alternative Strategies Ltd. acquired a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,200 shares of the oil and gas company's stock, valued at approximately $737,000. Exxon Mobil makes up approximately 0.9% of CTC Alternative Strategies Ltd.'s portfolio, making the stock its 26th largest position.

Several other hedge funds have also recently made changes to their positions in XOM. Quantinno Capital Management LP grew its stake in shares of Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares during the period. Journey Strategic Wealth LLC grew its stake in shares of Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after buying an additional 1,379 shares during the period. Legacy Trust grew its stake in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares during the period. Hartford Funds Management Co LLC grew its stake in shares of Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after buying an additional 2,617 shares during the period. Finally, Phoenix Financial Ltd. grew its stake in shares of Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock valued at $11,561,000 after buying an additional 18,752 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.74 during midday trading on Monday, reaching $109.97. The company's stock had a trading volume of 15,437,960 shares, compared to its average volume of 14,212,491. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a 50 day moving average price of $110.49 and a 200-day moving average price of $109.09. The stock has a market capitalization of $468.82 billion, a P/E ratio of 15.62, a PEG ratio of 2.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the business earned $2.14 EPS. The company's revenue was down 12.4% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.