CGC Financial Services LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

CGC Financial Services LLC grew its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,054 shares of the oil and gas company’s stock after purchasing an additional 288 shares during the period. CGC Financial Services LLC’s holdings in Exxon Mobil were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Moneta Group Investment Advisors LLC increased its stake in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter valued at about $5,226,390,000. Imprint Wealth LLC grew its stake in Exxon Mobil by 9,115.2% in the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after purchasing an additional 11,181,673 shares during the last quarter. Morgan Stanley grew its stake in Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares during the last quarter. Finally, FMR LLC boosted its holdings in Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after acquiring an additional 4,162,149 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $113.49 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $120.70. The stock has a market capitalization of $450.31 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 4.16 and a beta of 0.96. The stock has a 50 day moving average price of $104.09 and a 200 day moving average price of $106.01.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the business earned $3.40 earnings per share. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. UBS Group lowered their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Tuesday, January 23rd. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.18.

Read Our Latest Analysis on XOM

Exxon Mobil Company 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

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

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