Alberta Investment Management Corp Increases Position in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Alberta Investment Management Corp significantly increased its holdings in Exxon Mobil by 111.8%, owning 216,872 shares valued at approximately $25.8 million at the end of the last quarter.
• Exxon Mobil reported earnings of $1.76 EPS for the last quarter, exceeding the consensus estimate of $1.73, with revenues at $83.13 billion.
• The company announced a quarterly dividend of $0.99, yielding 3.5%, with a payout ratio of 52.52%.

Alberta Investment Management Corp boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 111.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 216,872 shares of the oil and gas company's stock after purchasing an additional 114,490 shares during the quarter. Alberta Investment Management Corp's holdings in Exxon Mobil were worth $25,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BCGM Wealth Management LLC grew its holdings in Exxon Mobil by 2.6% in the first quarter. BCGM Wealth Management LLC now owns 42,483 shares of the oil and gas company's stock worth $5,052,000 after purchasing an additional 1,062 shares during the period. Nicolet Advisory Services LLC grew its holdings in shares of Exxon Mobil by 4.5% during the first quarter. Nicolet Advisory Services LLC now owns 36,027 shares of the oil and gas company's stock valued at $4,285,000 after buying an additional 1,547 shares during the last quarter. Momentous Wealth Management Inc. grew its holdings in shares of Exxon Mobil by 100.0% during the first quarter. Momentous Wealth Management Inc. now owns 6,453 shares of the oil and gas company's stock valued at $767,000 after buying an additional 3,227 shares during the last quarter. Shufro Rose & Co. LLC grew its holdings in shares of Exxon Mobil by 1.8% during the first quarter. Shufro Rose & Co. LLC now owns 58,923 shares of the oil and gas company's stock valued at $7,008,000 after buying an additional 1,022 shares during the last quarter. Finally, EFG Asset Management Americas Corp. grew its holdings in shares of Exxon Mobil by 3.0% during the first quarter. EFG Asset Management Americas Corp. now owns 17,696 shares of the oil and gas company's stock valued at $2,105,000 after buying an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM opened at $111.90 on Friday. The stock has a market capitalization of $482.25 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.10 and a beta of 0.50. The company has a fifty day moving average of $109.35 and a 200 day moving average of $109.15. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $2.06 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

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.

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