Cambridge Investment Research Advisors Inc. cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,159,246 shares of the oil and gas company's stock after selling 6,708 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Exxon Mobil were worth $124,700,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Accredited Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $55,000. Rockline Wealth Management LLC lifted its stake in Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after buying an additional 1,498 shares during the last quarter. Renasant Bank increased its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares during the period. Helen Stephens Group LLC raised its position in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Hartford Funds Management Co LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $543,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets lowered their target price on 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 price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.85.
Check Out Our Latest Research Report on Exxon Mobil
Exxon Mobil Price Performance
Shares of NYSE XOM traded down $0.14 on Wednesday, hitting $104.57. The company's stock had a trading volume of 12,331,734 shares, compared to its average volume of 15,604,432. The stock has a 50 day moving average of $109.00 and a 200-day moving average of $111.40. The company has a market capitalization of $452.30 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is 50.51%.
Exxon Mobil Profile
(
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.
See Also
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
