Cadent Capital Advisors LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Cadent Capital Advisors LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 93.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,164 shares of the oil and gas company’s stock after acquiring an additional 19,359 shares during the quarter. Exxon Mobil accounts for approximately 2.0% of Cadent Capital Advisors LLC’s holdings, making the stock its 15th biggest holding. Cadent Capital Advisors LLC’s holdings in Exxon Mobil were worth $3,507,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Karp Capital Management Corp bought a new position in shares of Exxon Mobil in the third quarter worth approximately $28,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 169 shares during the last quarter. Horizons Wealth Management bought a new position in shares of Exxon Mobil in the second quarter worth approximately $41,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth approximately $44,000. Finally, Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares in the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a report on Tuesday, October 18th. Jefferies Financial Group upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price target for the company from $90.00 to $133.00 in a report on Wednesday, October 19th. Barclays lifted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Exane BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target on the stock in a report on Tuesday, November 1st. Finally, Credit Suisse Group lifted their price target on shares of Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.41.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the transaction, the vice president now owns 34,272 shares of the company’s stock, valued at approximately $3,598,560. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.04% of the stock is owned by insiders.

Exxon Mobil Price Performance

XOM opened at $113.15 on Monday. The stock has a 50-day moving average price of $109.55 and a 200-day moving average price of $99.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The firm has a market cap of $465.98 billion, a PE ratio of 9.24, a P/E/G ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 1 year low of $69.81 and a 1 year high of $114.66.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The business had revenue of $112.07 billion during the quarter, compared to analyst estimates of $102.96 billion. During the same quarter in the previous year, the firm earned $1.58 EPS. Exxon Mobil’s revenue was up 51.9% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 13.87 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a $0.91 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.22%. Exxon Mobil’s payout ratio is 29.71%.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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