Exxon Mobil Corporation $XOM Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI cut its position in Exxon Mobil Corporation (NYSE:XOM) by 19.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 614,899 shares of the oil and gas company’s stock after selling 145,260 shares during the quarter. Exxon Mobil makes up about 1.5% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 22nd largest position. Commerzbank Aktiengesellschaft FI’s holdings in Exxon Mobil were worth $66,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Axis Wealth Partners LLC increased its stake in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after buying an additional 90 shares during the period. Park Edge Advisors LLC grew its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. increased its stake in shares of Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 91 shares during the last quarter. Chapin Davis Inc. raised its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 93 shares in the last quarter. Finally, Gagnon Securities LLC raised its holdings in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $125.95.

Exxon Mobil Trading Down 1.8%

Shares of XOM stock opened at $110.93 on Monday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26. The company has a market cap of $472.93 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $111.32 and its two-hundred day moving average is $109.36.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is presently 56.25%.

Exxon Mobil Company 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.