Cadent Capital Advisors LLC Cuts Stake in Exxon Mobil Corporation $XOM

Cadent Capital Advisors LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 25.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,616 shares of the oil and gas company’s stock after selling 7,374 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Exxon Mobil were worth $2,437,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Axis Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 1.8% in the second 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 during the last quarter. Sagace Wealth Management LLC lifted its holdings in Exxon Mobil by 2.7% in the 3rd 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 in the last quarter. Park Edge Advisors LLC boosted its stake in Exxon Mobil by 0.3% during the 2nd 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 during the last quarter. Willow Creek Wealth Management Inc. boosted its stake 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 last quarter. Finally, Capstone Wealth Management LLC grew its holdings in shares of Exxon Mobil by 3.8% during the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after buying an additional 92 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.1%

XOM stock opened at $119.09 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The firm has a market cap of $502.20 billion, a PE ratio of 17.31, a PEG ratio of 7.49 and a beta of 0.38. The firm’s 50 day moving average price is $116.65 and its 200-day moving average price is $113.23. 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:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion during the quarter. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. TD Cowen raised their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Piper Sandler upped their price target on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Morgan Stanley increased their price target on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Finally, Wells Fargo & Company boosted their price objective on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

About Exxon Mobil

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.