Cadent Capital Advisors LLC Sells 383 Shares of Exxon Mobil Co. (NYSE:XOM)

Cadent Capital Advisors LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,573 shares of the oil and gas company’s stock after selling 383 shares during the period. Exxon Mobil accounts for approximately 2.1% of Cadent Capital Advisors LLC’s holdings, making the stock its 16th biggest holding. Cadent Capital Advisors LLC’s holdings in Exxon Mobil were worth $4,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the 1st quarter worth about $27,000. IMA Wealth Inc. raised its position in Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth about $43,000. Turim 21 Investimentos Ltda. raised its position in Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in Exxon Mobil in the 3rd quarter worth about $49,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $113.83 on Wednesday. The company has a market cap of $451.66 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.96. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $104.65 and a two-hundred day moving average of $105.90.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. Exxon Mobil’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $3.40 earnings per share. As a group, analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.34%. Exxon Mobil’s payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, December 8th. Piper Sandler reduced their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. UBS Group reduced their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.18.

About Exxon Mobil

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.