Retirement Systems of Alabama Sells 54,413 Shares of Exxon Mobil Co. (NYSE:XOM)

Retirement Systems of Alabama reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,513,488 shares of the oil and gas company’s stock after selling 54,413 shares during the period. Exxon Mobil makes up about 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 22nd largest holding. Retirement Systems of Alabama’s holdings in Exxon Mobil were worth $177,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Eagle Capital Management LLC increased its position in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares during the last quarter. Wedge Capital Management L L P NC grew its position in Exxon Mobil by 4.6% during the second quarter. Wedge Capital Management L L P NC now owns 6,951 shares of the oil and gas company’s stock valued at $800,000 after acquiring an additional 306 shares during the last quarter. Montecito Bank & Trust raised its stake in shares of Exxon Mobil by 1.6% during the second quarter. Montecito Bank & Trust now owns 31,298 shares of the oil and gas company’s stock worth $3,603,000 after acquiring an additional 487 shares in the last quarter. Mattern Wealth Management LLC lifted its position in Exxon Mobil by 7.0% in the second quarter. Mattern Wealth Management LLC now owns 27,117 shares of the oil and gas company’s stock valued at $3,122,000 after purchasing an additional 1,765 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its position in Exxon Mobil by 1.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 23,529 shares of the oil and gas company’s stock valued at $2,709,000 after buying an additional 273 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.7 %

Shares of XOM stock opened at $111.00 on Friday. The stock’s 50-day moving average price is $119.13 and its 200-day moving average price is $116.40. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market capitalization of $487.86 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Mizuho boosted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.84.

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.