Alliancebernstein L.P. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Alliancebernstein L.P. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,740,975 shares of the oil and gas company's stock after selling 28,670 shares during the period. Alliancebernstein L.P. owned approximately 0.18% of Exxon Mobil worth $832,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Scotiabank cut their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $129.05.

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Exxon Mobil Stock Up 0.0 %

XOM traded up $0.00 on Tuesday, hitting $118.93. The company had a trading volume of 12,421,849 shares, compared to its average volume of 15,724,393. The stock has a market capitalization of $516.06 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average price of $110.87 and a 200-day moving average price of $113.80. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company posted $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil's payout ratio is 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil 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.