Connor Clark & Lunn Investment Management Ltd. Buys 54,511 Shares of Exxon Mobil Co. (NYSE:XOM)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 58.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,833 shares of the oil and gas company’s stock after buying an additional 54,511 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Exxon Mobil were worth $15,902,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Avantax Advisory Services Inc. grew its holdings in shares of Exxon Mobil by 7.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 722,481 shares of the oil and gas company’s stock worth $77,717,000 after purchasing an additional 48,431 shares during the last quarter. Essential Planning LLC. grew its stake in Exxon Mobil by 6,230.8% during the fourth quarter. Essential Planning LLC. now owns 113,322 shares of the oil and gas company’s stock worth $13,287,000 after buying an additional 111,532 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in shares of Exxon Mobil by 44.3% during the fourth quarter. Liberty Wealth Management LLC now owns 7,091 shares of the oil and gas company’s stock worth $763,000 after buying an additional 2,177 shares in the last quarter. Westchester Capital Management Inc. raised its stake in shares of Exxon Mobil by 1.0% in the fourth quarter. Westchester Capital Management Inc. now owns 121,566 shares of the oil and gas company’s stock valued at $13,077,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Truvestments Capital LLC grew its position in Exxon Mobil by 8.3% during the 4th quarter. Truvestments Capital LLC now owns 4,274 shares of the oil and gas company’s stock worth $460,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.5 %

Shares of NYSE XOM opened at $108.58 on Friday. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The stock has a market cap of $471.14 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average is $109.26 and its 200-day moving average is $113.73.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling

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

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.