CTC Alternative Strategies Ltd. Purchases Shares of 4,400 ExxonMobil Corporation $XOM

CTC Alternative Strategies Ltd. purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,400 shares of the oil and gas company’s stock, valued at approximately $602,000. ExxonMobil accounts for about 0.9% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Oarsman Capital Inc. lifted its holdings in shares of ExxonMobil by 13.2% in the second quarter. Oarsman Capital Inc. now owns 5,549 shares of the oil and gas company’s stock valued at $759,000 after buying an additional 647 shares during the period. Rothschild Capital Partners LLC grew its holdings in ExxonMobil by 8.9% during the second quarter. Rothschild Capital Partners LLC now owns 6,822 shares of the oil and gas company’s stock worth $933,000 after acquiring an additional 559 shares during the period. RPg Family Wealth Advisory LLC raised its position in ExxonMobil by 205.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 225,964 shares of the oil and gas company’s stock worth $30,894,000 after acquiring an additional 151,978 shares in the last quarter. Headlands Technologies LLC lifted its holdings in ExxonMobil by 1,399.3% in the 2nd quarter. Headlands Technologies LLC now owns 19,866 shares of the oil and gas company’s stock valued at $2,716,000 after acquiring an additional 18,541 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of ExxonMobil during the 2nd quarter valued at about $16,870,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Sanford C. Bernstein dropped their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, Mizuho reduced their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $166.10.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

ExxonMobil Price Performance

XOM stock opened at $156.88 on Monday. ExxonMobil Corporation has a one year low of $108.35 and a one year high of $176.41. The firm has a 50-day moving average of $150.53 and a two-hundred day moving average of $151.88. The firm has a market capitalization of $650.26 billion, a PE ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the prior year, the firm earned $1.64 EPS. On average, analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.