OMERS ADMINISTRATION Corp Lowers Holdings in Exxon Mobil Corporation $XOM

Key Points

• OMERS ADMINISTRATION Corp has significantly reduced its stake in Exxon Mobil Corporation by 45.3%, now holding 1,127,024 shares worth approximately $134 million.
• Insider transactions include VP Darrin L. Talley selling 2,158 shares, resulting in a 13.50% decrease in their ownership of Exxon Mobil stock.
• Several analysts have set new price targets for Exxon Mobil, with Mizuho lowering theirs from $129.00 to $124.00 while retaining a "neutral" rating.

OMERS ADMINISTRATION Corp reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 45.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,127,024 shares of the oil and gas company's stock after selling 933,127 shares during the quarter. Exxon Mobil accounts for 1.2% of OMERS ADMINISTRATION Corp's holdings, making the stock its 26th largest position. OMERS ADMINISTRATION Corp's holdings in Exxon Mobil were worth $134,037,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company'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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Sunday. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Trading Up 1.1%

Shares of XOM opened at $112.69 on Thursday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market cap of $480.41 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. The firm's fifty day moving average is $110.17 and its two-hundred day moving average is $108.95. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is currently 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.

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