Commerzbank Aktiengesellschaft FI Purchases 38,088 Shares of Exxon Mobil Co. (NYSE:XOM)

Commerzbank Aktiengesellschaft FI boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 28.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 173,045 shares of the oil and gas company’s stock after purchasing an additional 38,088 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Exxon Mobil were worth $17,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in shares of Exxon Mobil by 2.3% in the 3rd quarter. Global Retirement Partners LLC now owns 59,870 shares of the oil and gas company’s stock valued at $6,676,000 after acquiring an additional 1,371 shares during the last quarter. CGN Advisors LLC increased its stake in Exxon Mobil by 19.3% during the 3rd quarter. CGN Advisors LLC now owns 6,090 shares of the oil and gas company’s stock worth $716,000 after purchasing an additional 986 shares in the last quarter. CRA Financial Services LLC increased its stake in Exxon Mobil by 2.2% during the 3rd quarter. CRA Financial Services LLC now owns 36,178 shares of the oil and gas company’s stock worth $4,254,000 after purchasing an additional 791 shares in the last quarter. Financial Management Professionals Inc. increased its stake in Exxon Mobil by 28.7% during the 3rd quarter. Financial Management Professionals Inc. now owns 34,590 shares of the oil and gas company’s stock worth $4,067,000 after purchasing an additional 7,704 shares in the last quarter. Finally, Retirement Guys Formula LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $1,035,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $120.58 on Tuesday. The business’s 50-day moving average price is $111.89 and its 200-day moving average price is $106.31. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market capitalization of $477.29 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the firm posted $3.40 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Barclays began coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, UBS Group upped their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

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.