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

Allstate Corp increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 3,232.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 131,862 shares of the oil and gas company’s stock after buying an additional 127,905 shares during the period. Exxon Mobil comprises approximately 0.4% of Allstate Corp’s holdings, making the stock its 27th biggest position. Allstate Corp’s holdings in Exxon Mobil were worth $14,184,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XOM. Maridea Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $471,000. RiverFront Investment Group LLC increased its holdings in shares of Exxon Mobil by 17.1% in the 4th quarter. RiverFront Investment Group LLC now owns 148,289 shares of the oil and gas company’s stock worth $15,952,000 after acquiring an additional 21,653 shares during the period. Horizon Investment Services LLC lifted its position in Exxon Mobil by 36.5% in the 4th quarter. Horizon Investment Services LLC now owns 4,501 shares of the oil and gas company’s stock valued at $484,000 after purchasing an additional 1,203 shares during the last quarter. Vertex Planning Partners LLC lifted its position in Exxon Mobil by 13.2% in the 4th quarter. Vertex Planning Partners LLC now owns 3,144 shares of the oil and gas company’s stock valued at $338,000 after purchasing an additional 366 shares during the last quarter. Finally, Slagle Financial LLC boosted its stake in Exxon Mobil by 3.9% during the 4th quarter. Slagle Financial LLC now owns 44,218 shares of the oil and gas company’s stock valued at $4,756,000 after purchasing an additional 1,651 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s 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 directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. BMO Capital Markets dropped their price target 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. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.05.

Exxon Mobil Trading Down 0.2 %

NYSE:XOM opened at $117.66 on Friday. The stock has a fifty day simple moving average of $110.73 and a 200 day simple moving average of $113.69. The firm has a market capitalization of $510.53 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. 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 (NYSE:XOM) last released its 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s payout ratio is currently 50.51%.

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.