Exxon Mobil Co. (NYSE:XOM) Stake Raised by Alberta Investment Management Corp

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Alberta Investment Management Corp lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,300 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the quarter. Alberta Investment Management Corp’s holdings in Exxon Mobil were worth $33,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Apriem Advisors grew its stake in shares of Exxon Mobil by 1.3% during the 2nd quarter. Apriem Advisors now owns 193,359 shares of the oil and gas company’s stock valued at $14,817,000 after acquiring an additional 2,557 shares during the period. Wsfs Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $364,000. Beacon Pointe Advisors LLC increased its position in shares of Exxon Mobil by 20.4% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 16,598 shares of the oil and gas company’s stock valued at $1,272,000 after purchasing an additional 2,812 shares during the last quarter. Capital Bank & Trust Co increased its position in shares of Exxon Mobil by 235.1% during the 2nd quarter. Capital Bank & Trust Co now owns 394,895 shares of the oil and gas company’s stock valued at $30,261,000 after purchasing an additional 277,054 shares during the last quarter. Finally, Woodmont Investment Counsel LLC increased its position in shares of Exxon Mobil by 4.0% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 64,601 shares of the oil and gas company’s stock valued at $4,950,000 after purchasing an additional 2,510 shares during the last quarter. Institutional investors own 54.42% of the company’s stock.

XOM has been the topic of several analyst reports. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research report on Friday, August 2nd. BMO Capital Markets started coverage on Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target on the stock. Bank of America restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Friday, September 27th. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Berenberg Bank dropped their target price on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, October 7th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $80.52.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.

NYSE:XOM traded up $0.73 during trading hours on Friday, reaching $68.98. 9,830,964 shares of the company traded hands, compared to its average volume of 11,172,843. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.75. The stock 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. The firm’s 50-day moving average is $70.04 and its 200-day moving average is $74.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.

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

Exxon Mobil 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.

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

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