Cadent Capital Advisors LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Cadent Capital Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,643 shares of the oil and gas company’s stock after purchasing an additional 916 shares during the period. Cadent Capital Advisors LLC’s holdings in Exxon Mobil were worth $1,622,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $35,101,000. AGF Investments LLC lifted its position in shares of Exxon Mobil by 1,012.1% during the 4th quarter. AGF Investments LLC now owns 6,239 shares of the oil and gas company’s stock valued at $382,000 after acquiring an additional 5,678 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of Exxon Mobil by 1.8% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 37,419 shares of the oil and gas company’s stock valued at $2,290,000 after acquiring an additional 652 shares during the last quarter. Sterling Financial Planning Inc. lifted its position in shares of Exxon Mobil by 4.3% during the 4th quarter. Sterling Financial Planning Inc. now owns 9,768 shares of the oil and gas company’s stock valued at $598,000 after acquiring an additional 402 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Exxon Mobil by 10.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 160,129 shares of the oil and gas company’s stock valued at $9,798,000 after purchasing an additional 14,952 shares in the last quarter. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $87.19 on Friday. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The stock has a market cap of $367.29 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.32 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $91.11 and a 200 day moving average of $85.81.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm’s revenue was up 70.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 12.24 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is 38.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XOM. Citigroup increased their target price on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $125.00 in a research note on Tuesday, June 21st. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Piper Sandler raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $102.00 to $109.00 in a research note on Tuesday, July 19th. Finally, HSBC increased their target price on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $96.40.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,147 shares of company stock worth $698,858. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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