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Exxon Mobil Corporation $XOM Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

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Key Points

  • Cantor Fitzgerald Investment Advisors cut its Exxon stake by 19.7% in Q4, selling 34,152 shares and now holding 139,003 shares worth about $16.73 million (XOM is its 21st largest position and ~1.2% of its holdings).
  • Company insiders have been net sellers recently — VP Darrin L. Talley sold 1,080 shares at $155.50 on March 16, with insiders offloading 11,460 shares over the past 90 days and holding just 0.03% of the stock.
  • Analyst sentiment is mixed but leans bullish: several firms raised price targets into the $180s, MarketBeat's consensus is a Moderate Buy with an average target of $159.20, and recent geopolitical tensions (e.g., Strait of Hormuz concerns) have pushed oil prices and XOM shares higher.
  • MarketBeat previews the top five stocks to own by May 1st.

Cantor Fitzgerald Investment Advisors L.P. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,003 shares of the oil and gas company's stock after selling 34,152 shares during the period. Exxon Mobil comprises about 1.2% of Cantor Fitzgerald Investment Advisors L.P.'s holdings, making the stock its 21st largest position. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Exxon Mobil were worth $16,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp increased its position in shares of Exxon Mobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock worth $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Exxon Mobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares in the last quarter. Capital Research Global Investors increased its position in shares of Exxon Mobil by 0.4% during the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company's stock worth $3,790,773,000 after purchasing an additional 127,466 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Exxon Mobil by 1.1% during the third quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company's stock worth $3,517,179,000 after purchasing an additional 340,785 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Exxon Mobil by 4.5% during the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock worth $2,299,687,000 after purchasing an additional 886,087 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 1,080 shares of Exxon Mobil stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company's stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 11,460 shares of company stock valued at $1,687,854. 0.03% of the stock is currently owned by insiders.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup lifted their target price on Exxon Mobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, April 2nd. Wells Fargo & Company raised their price target on Exxon Mobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, April 9th. Bank of America raised their price target on Exxon Mobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. UBS Group reissued a "buy" rating and set a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Finally, Piper Sandler lowered their price target on Exxon Mobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $159.20.

Check Out Our Latest Research Report on XOM

Exxon Mobil Stock Performance

NYSE XOM opened at $152.48 on Tuesday. Exxon Mobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The business's 50-day moving average price is $154.79 and its 200 day moving average price is $131.88. The firm has a market cap of $633.79 billion, a P/E ratio of 22.79, a P/E/G ratio of 0.96 and a beta of 0.29. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil's payout ratio is currently 61.58%.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil 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.

Read More

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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