Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Allstate Corp

Allstate Corp lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3,232.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,862 shares of the oil and gas company's stock after purchasing an additional 127,905 shares during the period. Exxon Mobil accounts for about 0.4% of Allstate Corp's portfolio, making the stock its 27th largest holding. Allstate Corp's holdings in Exxon Mobil were worth $14,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after acquiring an additional 521,932 shares during the period. United Bank raised its position in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after purchasing an additional 641 shares during the period. FORA Capital LLC acquired a new position in Exxon Mobil during the third quarter worth $671,000. Northwest & Ethical Investments L.P. raised its holdings in shares of Exxon Mobil by 15.5% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 60,510 shares of the oil and gas company's stock valued at $7,093,000 after buying an additional 8,110 shares during the period. Finally, Isthmus Partners LLC acquired a new position in Exxon Mobil during the 3rd quarter worth about $905,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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Exxon Mobil Stock Down 0.1 %

XOM stock traded down $0.10 during trading on Tuesday, hitting $118.83. 3,758,102 shares of the company's stock were exchanged, compared to its average volume of 15,929,688. The business has a 50-day moving average price of $110.87 and a two-hundred day moving average price of $113.80. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $515.60 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week 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 for the quarter, missing the consensus estimate 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 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.33%. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. HSBC decreased their price target on shares of 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, Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $129.05.

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.