Cantor Fitzgerald Investment Advisors L.P. Acquires 703 Shares of Exxon Mobil Co. (NYSE:XOM)

Cantor Fitzgerald Investment Advisors L.P. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 206,476 shares of the oil and gas company’s stock after purchasing an additional 703 shares during the quarter. Exxon Mobil accounts for about 1.5% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 14th biggest position. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Exxon Mobil were worth $22,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after buying an additional 2,842,844 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after buying an additional 1,776,848 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on XOM shares. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Morgan Stanley raised their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. One investment 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 stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

XOM stock opened at $111.71 on Wednesday. The stock has a 50-day moving average price of $109.28 and a 200-day moving average price of $114.92. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $490.98 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the business earned $2.48 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

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.