Alaska Permanent Fund Corp Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Alaska Permanent Fund Corp raised its position in Exxon Mobil Co. (NYSE:XOM) by 6,392.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,765 shares of the oil and gas company’s stock after buying an additional 13,553 shares during the period. Alaska Permanent Fund Corp’s holdings in Exxon Mobil were worth $1,376,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Schnieders Capital Management LLC raised its stake in Exxon Mobil by 53.2% in the 4th quarter. Schnieders Capital Management LLC now owns 23,030 shares of the oil and gas company’s stock valued at $2,302,000 after purchasing an additional 8,000 shares during the last quarter. Private Management Group Inc. raised its position in Exxon Mobil by 215.0% in the 4th quarter. Private Management Group Inc. now owns 11,945 shares of the oil and gas company’s stock valued at $1,194,000 after purchasing an additional 8,153 shares in the last quarter. South Dakota Investment Council raised its position in shares of Exxon Mobil by 28.0% during the 4th quarter. South Dakota Investment Council now owns 278,194 shares of the oil and gas company’s stock worth $27,814,000 after acquiring an additional 60,895 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $2,784,000. Finally, Ellenbecker Investment Group increased its position in Exxon Mobil by 43.8% during the fourth quarter. Ellenbecker Investment Group now owns 8,666 shares of the oil and gas company’s stock worth $866,000 after buying an additional 2,640 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on XOM shares. TD Cowen lifted their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Mizuho reiterated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Stock Performance

XOM stock opened at $118.90 on Friday. The company has a 50 day moving average price of $113.04 and a 200 day moving average price of $106.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market capitalization of $470.64 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.83 earnings per share. Analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is presently 42.74%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.