Exxon Mobil Co. (NYSE:XOM) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 620,505 shares of the oil and gas company’s stock after acquiring an additional 25,836 shares during the period. CIBC Asset Management Inc’s holdings in Exxon Mobil were worth $54,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Wilson & Boucher Capital Management LLC raised its position in Exxon Mobil by 1.8% in the third quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock worth $475,000 after acquiring an additional 95 shares in the last quarter. Blooom Inc. lifted its stake in Exxon Mobil by 0.8% during the third quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after purchasing an additional 97 shares during the last quarter. OneAscent Wealth Management LLC boosted its holdings in Exxon Mobil by 1.5% during the third quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after buying an additional 97 shares in the last quarter. Sather Financial Group Inc grew its position in Exxon Mobil by 2.6% in the third quarter. Sather Financial Group Inc now owns 4,030 shares of the oil and gas company’s stock worth $352,000 after buying an additional 101 shares during the last quarter. Finally, Forefront Wealth Management Inc. increased its holdings in shares of Exxon Mobil by 2.8% in the third quarter. Forefront Wealth Management Inc. now owns 3,743 shares of the oil and gas company’s stock valued at $327,000 after buying an additional 101 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 target price on the stock in a report on Tuesday, November 1st. Barclays upped their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Truist Financial lifted their target price on shares of Exxon Mobil from $111.00 to $114.00 in a research report on Monday, October 31st. Piper Sandler reduced their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Finally, Citigroup lifted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Exxon Mobil Price Performance

NYSE XOM opened at $113.81 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $468.70 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 12-month low of $71.39 and a 12-month high of $126.54. The company has a 50 day moving average price of $109.54 and a two-hundred day moving average price of $101.20.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s payout ratio is presently 29.71%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the transaction, the vice president now owns 34,272 shares in the company, valued at approximately $3,598,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by insiders.

Exxon Mobil Company Profile

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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.

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

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