Cerity Partners LLC Reduces Stock Position in Exxon Mobil Corporation $XOM

Cerity Partners LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 0.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,999,860 shares of the oil and gas company’s stock after selling 14,586 shares during the quarter. Cerity Partners LLC’s holdings in Exxon Mobil were worth $225,479,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares in the last quarter. Sagace Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 2.7% in the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after purchasing an additional 90 shares during the period. Park Edge Advisors LLC grew its stake in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. increased its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares during the period. Finally, Capstone Wealth Management LLC raised its position in Exxon Mobil by 3.8% during the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 92 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $122.76 on Friday. The company has a market capitalization of $517.70 billion, a PE ratio of 17.84, a P/E/G ratio of 7.30 and a beta of 0.37. The company has a 50-day simple moving average of $117.84 and a two-hundred day simple moving average of $113.78. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $125.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. Exxon Mobil’s payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Piper Sandler lowered their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Finally, BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $129.71.

Check Out Our Latest Analysis on Exxon Mobil

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Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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