CTC Alternative Strategies Ltd. Makes New Investment in ExxonMobil Corporation $XOM

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

A number of other hedge funds have also made changes to their positions in the stock. Aventus Investment Advisors Inc. purchased a new stake in shares of ExxonMobil during the 2nd quarter worth about $27,000. Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil during the 1st quarter valued at $36,000. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Finally, Atlantic Private Wealth LLC lifted its stake in shares of ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after buying an additional 202 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Trading Up 0.1%

XOM stock opened at $156.88 on Monday. The business has a fifty day moving average price of $150.53 and a 200 day moving average price of $151.88. ExxonMobil Corporation has a fifty-two week low of $108.35 and a fifty-two week high of $176.41. The stock has a market capitalization of $650.26 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85.

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

ExxonMobil Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. UBS Group set a $168.00 target price on ExxonMobil in a research report on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $180.00 price objective on shares of ExxonMobil in a research note on Tuesday, May 5th. Barclays cut their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $166.10.

Trending Headlines about ExxonMobil

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 Company Profile

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.