CIBC Private Wealth Group LLC Sells 93,621 Shares of Exxon Mobil Co. (NYSE:XOM)

CIBC Private Wealth Group LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,122,822 shares of the oil and gas company’s stock after selling 93,621 shares during the quarter. Exxon Mobil accounts for 0.8% of CIBC Private Wealth Group LLC’s holdings, making the stock its 23rd biggest holding. CIBC Private Wealth Group LLC’s holdings in Exxon Mobil were worth $440,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. West Oak Capital LLC boosted its stake in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares during the last quarter. Beacon Capital Management LLC boosted its position in Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 93 shares in the last quarter. Cadent Capital Advisors LLC grew its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after purchasing an additional 94 shares during the period. Lincoln Capital LLC lifted its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after purchasing an additional 94 shares during the period. Finally, Altus Wealth Group LLC boosted its holdings in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE XOM opened at $117.66 on Friday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company has a market capitalization of $510.53 billion, a P/E ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a 50 day simple moving average of $110.73 and a 200-day simple moving average of $113.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the company posted $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s payout ratio is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.05.

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.