CX Institutional Buys 29,194 Shares of Exxon Mobil Co. (NYSE:XOM)

CX Institutional increased its stake in Exxon Mobil Co. (NYSE:XOM) by 35.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,140 shares of the oil and gas company’s stock after purchasing an additional 29,194 shares during the period. CX Institutional’s holdings in Exxon Mobil were worth $12,063,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XOM. Sepio Capital LP raised its position in Exxon Mobil by 20.1% in the 2nd quarter. Sepio Capital LP now owns 5,860 shares of the oil and gas company’s stock worth $675,000 after purchasing an additional 980 shares during the last quarter. Ascent Group LLC raised its position in Exxon Mobil by 66.8% in the 2nd quarter. Ascent Group LLC now owns 72,708 shares of the oil and gas company’s stock worth $8,370,000 after purchasing an additional 29,109 shares during the last quarter. Annandale Capital LLC raised its position in Exxon Mobil by 12.5% in the 2nd quarter. Annandale Capital LLC now owns 4,146 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 460 shares during the last quarter. Full Sail Capital LLC raised its position in Exxon Mobil by 15.9% in the 2nd quarter. Full Sail Capital LLC now owns 5,872 shares of the oil and gas company’s stock worth $676,000 after purchasing an additional 804 shares during the last quarter. Finally, Buck Wealth Strategies LLC raised its position in Exxon Mobil by 2,940.8% in the 2nd quarter. Buck Wealth Strategies LLC now owns 60,816 shares of the oil and gas company’s stock worth $7,001,000 after purchasing an additional 58,816 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $108.64 on Monday. The firm has a market cap of $477.48 billion, a PE ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $99.61 and a 1-year high of $126.34. The company has a fifty day moving average price of $111.56 and a 200 day moving average price of $115.41.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 EPS. Research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil 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.