Commerzbank Aktiengesellschaft FI Boosts Stock Position in Exxon Mobil Corporation $XOM

Commerzbank Aktiengesellschaft FI lifted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 698,913 shares of the oil and gas company’s stock after buying an additional 84,014 shares during the period. Exxon Mobil comprises 1.6% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 19th largest position. Commerzbank Aktiengesellschaft FI’s holdings in Exxon Mobil were worth $78,802,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its position in Exxon Mobil by 1.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 160,076 shares of the oil and gas company’s stock worth $18,130,000 after purchasing an additional 1,878 shares during the period. Gordian Advisors LLC purchased a new stake in Exxon Mobil during the third quarter valued at about $204,000. Cheviot Value Management LLC grew its stake in shares of Exxon Mobil by 3.0% during the third quarter. Cheviot Value Management LLC now owns 126,220 shares of the oil and gas company’s stock valued at $14,519,000 after buying an additional 3,664 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Exxon Mobil by 0.3% in the third quarter. CIBC Asset Management Inc now owns 881,332 shares of the oil and gas company’s stock worth $99,370,000 after buying an additional 2,566 shares during the period. Finally, TFR Capital LLC. lifted its stake in shares of Exxon Mobil by 8.1% in the 3rd quarter. TFR Capital LLC. now owns 14,030 shares of the oil and gas company’s stock valued at $1,582,000 after acquiring an additional 1,049 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 1.0%

Shares of XOM opened at $134.93 on Monday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $135.98. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $120.74 and its 200-day moving average price is $115.29. The firm has a market capitalization of $569.03 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 8.62 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. During the same period last year, the business posted $1.92 earnings per share. Exxon Mobil’s quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XOM shares. UBS Group restated a “buy” rating on shares of Exxon Mobil in a research report on Friday, January 9th. Bank of America dropped their price objective on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Zacks Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. TD Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.84.

View Our Latest Analysis on XOM

Exxon Mobil Company 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

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

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