Alight Capital Management LP Sells 10000 Shares of Exxon Mobil ... - MarketBeat

Alight Capital Management LP lowered its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the oil and gas company's stock after selling 10,000 shares during the period. Alight Capital Management LP's holdings in Exxon Mobil were worth $1,097,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Axiom Financial Strategies LLC increased its holdings in Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company's stock worth $680,000 after buying an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc purchased a new stake in Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P increased its holdings in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company's stock worth $1,417,000 after buying an additional 13,065 shares during the last quarter. Ergoteles LLC increased its holdings in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company's stock worth $1,308,000 after buying an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in Exxon Mobil during the first quarter worth about $237,000. Hedge funds and other institutional investors own 58.53% of the company's stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 1,500 shares of the firm's stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

XOM traded down $1.52 during midday trading on Monday, hitting $114.09. 7,608,833 shares of the company traded hands, compared to its average volume of 15,893,696. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $456.72 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company's 50-day moving average is $107.54 and its 200 day moving average is $108.27. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business had revenue of $82.91 billion for the quarter, compared to analysts' expectations of $81.80 billion. During the same period in the previous year, the company earned $4.14 EPS. Exxon Mobil's revenue for the quarter was down 28.3% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.19%. Exxon Mobil's payout ratio is 29.12%.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Wednesday, July 19th. HSBC lifted their target price on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Redburn Partners upgraded shares of Exxon Mobil from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. Mizuho lifted their target price on shares of Exxon Mobil from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Wednesday, August 16th. Finally, Wolfe Research downgraded shares of Exxon Mobil from an "outperform" rating to a "peer perform" rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.43.

Check Out Our Latest Research Report on Exxon Mobil

About Exxon Mobil

(Free Report)

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.

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