Alberta Investment Management Corp Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Alberta Investment Management Corp increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 441,300 shares of the oil and gas company’s stock after buying an additional 200 shares during the quarter. Alberta Investment Management Corp’s holdings in Exxon Mobil were worth $33,817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC grew its position in shares of Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after buying an additional 183 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Exxon Mobil in the second quarter worth about $26,000. Asset Planning Services Ltd. raised its stake in shares of Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the last quarter. INR Advisory Services LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $43,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil during the second quarter worth about $45,000. Institutional investors and hedge funds own 54.42% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Several brokerages have commented on XOM. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays assumed coverage on Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. BMO Capital Markets started coverage on Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. Bank of America reissued a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Friday, September 27th. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $80.52.

Shares of XOM traded up $0.73 during trading hours on Friday, hitting $68.98. The stock had a trading volume of 9,830,964 shares, compared to its average volume of 11,172,843. The firm has a market cap of $285.35 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.03 and a beta of 0.99. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $83.75. The company’s fifty day simple moving average is $70.04 and its 200 day simple moving average is $74.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Basic Economics

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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