Core Alternative Capital Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Core Alternative Capital decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,257 shares of the oil and gas company’s stock after selling 1,972 shares during the period. Exxon Mobil accounts for 1.8% of Core Alternative Capital’s portfolio, making the stock its 12th largest position. Core Alternative Capital’s holdings in Exxon Mobil were worth $8,633,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in XOM. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter worth approximately $51,000. Compass Financial Services Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $48,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.7 %

XOM stock opened at $108.10 on Friday. The business’s 50-day moving average price is $109.02 and its 200-day moving average price is $114.83. The stock has a market cap of $475.10 billion, a P/E ratio of 13.79, a PEG ratio of 2.94 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the company posted $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. Exxon Mobil’s payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Mizuho dropped their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.