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

Retirement Systems of Alabama decreased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 accounts for about 0.7% of Retirement Systems of Alabama's investment portfolio, making the stock its 22nd largest position. Retirement Systems of Alabama's holdings in Exxon Mobil were worth $177,411,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XOM. Patron Partners LLC increased its stake in Exxon Mobil by 7.4% in the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after buying an additional 2,564 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in shares of Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock worth $5,532,000 after purchasing an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday. TD Cowen increased their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $129.84.

Exxon Mobil Trading Down 0.9 %

Shares of Exxon Mobil stock traded down $0.98 during trading on Friday, hitting $110.84. The stock had a trading volume of 12,173,675 shares, compared to its average volume of 16,298,435. The stock has a market cap of $487.15 billion, a PE ratio of 13.79, a PEG ratio of 4.70 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm's fifty day simple moving average is $119.13 and its 200-day simple moving average is $116.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

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.