CGN Advisors LLC Acquires 398 Shares of Exxon Mobil Co. (NYSE:XOM)

CGN Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,356 shares of the oil and gas company’s stock after buying an additional 398 shares during the quarter. CGN Advisors LLC’s holdings in Exxon Mobil were worth $591,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after purchasing an additional 19,230,872 shares in the last quarter. FMR LLC increased its position in Exxon Mobil by 14.9% during the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after acquiring an additional 17,521,080 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after purchasing an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Exxon Mobil during the third quarter worth approximately $347,253,000. Finally, Legal & General Group Plc raised its stake in shares of Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. Cowen boosted their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday. They issued a “hold” rating for the company. B. Riley upped their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Finally, Barclays upped their price target on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $99.84 on Friday. The stock’s 50-day moving average is $111.74 and its two-hundred day moving average is $106.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. Exxon Mobil Co. has a 1-year low of $78.10 and a 1-year high of $119.63. The company has a market cap of $406.45 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the business earned $2.05 EPS. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is currently 27.45%.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.