CBIZ Investment Advisory Services LLC Has $130,000 Stock Position in Exxon Mobil Corporation $XOM

CBIZ Investment Advisory Services LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,094 shares of the oil and gas company’s stock after purchasing an additional 143 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in Exxon Mobil were worth $130,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its position in Exxon Mobil by 300.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock valued at $1,534,000 after acquiring an additional 10,697 shares in the last quarter. Malaga Cove Capital LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $333,000. Quadcap Wealth Management LLC increased its position in Exxon Mobil by 13.4% in the 4th quarter. Quadcap Wealth Management LLC now owns 21,697 shares of the oil and gas company’s stock valued at $2,334,000 after acquiring an additional 2,565 shares in the last quarter. ProShare Advisors LLC increased its position in Exxon Mobil by 4.0% in the 4th quarter. ProShare Advisors LLC now owns 2,343,634 shares of the oil and gas company’s stock valued at $252,105,000 after acquiring an additional 90,835 shares in the last quarter. Finally, Point72 Europe London LLP acquired a new stake in Exxon Mobil in the 4th quarter valued at about $44,166,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Wall Street Zen cut shares of Exxon Mobil from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Finally, Piper Sandler lifted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $124.81.

Exxon Mobil Stock Down 0.2%

Shares of NYSE:XOM opened at $112.26 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a 50 day moving average of $110.55 and a 200-day moving average of $109.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $478.59 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the previous year, the company earned $2.14 EPS. Exxon Mobil’s revenue was down 12.4% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

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.