Cypress Capital Group Has $14.25 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• Cypress Capital Group has reduced its stake in Exxon Mobil Corporation by 2.1%, owning 132,142 shares, valued at approximately $14.25 million.
• Exxon Mobil's stock has a 12-month range between $97.80 and $123.21, with a current market capitalization of $476.46 billion.
• Institutional investors own 61.80% of Exxon Mobil's stock, indicating strong institutional interest in the company.

Cypress Capital Group cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,142 shares of the oil and gas company's stock after selling 2,900 shares during the period. Exxon Mobil accounts for about 1.8% of Cypress Capital Group's investment portfolio, making the stock its 14th biggest position. Cypress Capital Group's holdings in Exxon Mobil were worth $14,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of XOM. Nuveen LLC bought a new position in shares of Exxon Mobil in the first quarter worth about $2,730,414,000. GQG Partners LLC raised its stake in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Exxon Mobil during the second quarter worth approximately $607,621,000. Ameriprise Financial Inc. raised its stake in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Exxon Mobil by 72.5% during the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock worth $598,280,000 after buying an additional 2,332,293 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XOM. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Bank of America increased their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Finally, Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Stock Performance

Shares of XOM opened at $111.76 on Thursday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a fifty day simple moving average of $111.63 and a 200 day simple moving average of $109.36. The stock has a market capitalization of $476.46 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.03 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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.

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