Commerzbank Aktiengesellschaft FI Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 152.0% in the fourth quarter, Holdings Channel reports. The firm owned 745,073 shares of the oil and gas company’s stock after acquiring an additional 449,450 shares during the period. Exxon Mobil accounts for approximately 1.9% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 18th largest position. Commerzbank Aktiengesellschaft FI’s holdings in Exxon Mobil were worth $80,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in XOM. Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter valued at $63,000. Quintet Private Bank Europe S.A. boosted its stake in shares of Exxon Mobil by 14.7% during the third quarter. Quintet Private Bank Europe S.A. now owns 48,971 shares of the oil and gas company’s stock valued at $5,740,000 after purchasing an additional 6,259 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in shares of Exxon Mobil by 5.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 34,140 shares of the oil and gas company’s stock valued at $4,009,000 after purchasing an additional 1,651 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter valued at $352,000. Finally, Solitude Financial Services boosted its stake in shares of Exxon Mobil by 35.0% during the third quarter. Solitude Financial Services now owns 28,048 shares of the oil and gas company’s stock valued at $3,288,000 after purchasing an additional 7,272 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $105.51 on Thursday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company’s 50 day moving average is $108.98 and its 200 day moving average is $113.98. 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 company has a market cap of $457.82 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 quarter last year, the company posted $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.75%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on XOM. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. TD Cowen lowered their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.