CGN Advisors LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

CGN Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,356 shares of the oil and gas company’s stock after purchasing an additional 398 shares during the period. CGN Advisors LLC’s holdings in Exxon Mobil were worth $591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthquest Corp increased its position in Exxon Mobil by 1.4% in the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after buying an additional 89 shares in the last quarter. FourThought Financial LLC boosted its stake in Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after purchasing an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC boosted its stake in Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares during the last quarter. Blooom Inc. boosted its stake in Exxon Mobil by 0.8% during the 3rd 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. Finally, OneAscent Wealth Management LLC boosted its stake in Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 completion of the sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Barclays lifted their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Mizuho boosted their target price on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. B. Riley boosted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Piper Sandler cut their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Exxon Mobil Price Performance

XOM opened at $99.84 on Friday. The stock has a market capitalization of $406.45 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.09. The stock’s 50 day moving average price is $111.74 and its 200-day moving average price is $106.43. Exxon Mobil Co. has a 52-week low of $78.10 and a 52-week high of $119.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41.

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

Exxon Mobil Announces Dividend

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

Exxon Mobil 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.