Alliancebernstein L.P. Raises Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Alliancebernstein L.P. increased its stake in Exxon Mobil by 1.9%, owning approximately 7,886,406 shares valued at nearly $938 million.
• Exxon Mobil's quarterly earnings exceeded expectations with an EPS of $1.64 and revenues of $81.51 billion, despite a 12.4% year-over-year decline.
• The company declared a quarterly dividend of $0.99 per share, reflecting a 3.5% yield and a payout ratio of 56.25%.

Alliancebernstein L.P. grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,886,406 shares of the oil and gas company's stock after purchasing an additional 145,431 shares during the quarter. Alliancebernstein L.P. owned approximately 0.18% of Exxon Mobil worth $937,930,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Schonfeld Strategic Advisors LLC boosted its stake in shares of Exxon Mobil by 23.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 17,078 shares of the oil and gas company's stock worth $1,837,000 after buying an additional 3,197 shares during the last quarter. Algert Global LLC grew its stake in Exxon Mobil by 10.8% in the 4th quarter. Algert Global LLC now owns 21,374 shares of the oil and gas company's stock valued at $2,299,000 after buying an additional 2,078 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in Exxon Mobil during the 4th quarter worth about $65,000. Bridgeway Capital Management LLC boosted its position in shares of Exxon Mobil by 5.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 173,579 shares of the oil and gas company's stock valued at $18,672,000 after acquiring an additional 8,760 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Exxon Mobil by 3.7% during the 4th quarter. Cetera Investment Advisers now owns 1,315,384 shares of the oil and gas company's stock valued at $141,496,000 after purchasing an additional 46,469 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 2.8%

XOM stock traded down $3.17 during trading on Friday, hitting $109.23. 16,823,996 shares of the company traded hands, compared to its average volume of 14,092,043. The company has a 50-day moving average of $110.46 and a 200-day moving average of $109.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market capitalization of $465.66 billion, a PE ratio of 15.52, a P/E/G ratio of 2.10 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The business's revenue was down 12.4% on a year-over-year basis. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $125.00.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were 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 approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Profile

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.