Commerzbank Aktiengesellschaft FI Increases Stock Holdings in Exxon Mobil Corporation $XOM

Commerzbank Aktiengesellschaft FI lifted its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698,913 shares of the oil and gas company’s stock after acquiring an additional 84,014 shares during the quarter. Exxon Mobil makes up approximately 1.6% of Commerzbank Aktiengesellschaft FI’s 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 institutional investors and hedge funds also recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in Exxon Mobil during the third quarter worth about $30,000. Clayton Financial Group LLC purchased a new stake in Exxon Mobil during the third quarter valued at about $40,000. TruNorth Capital Management LLC boosted its position in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares during the period. Bare Financial Services Inc increased its stake in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its position in shares of Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Exxon Mobil

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

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $134.93 on Monday. The firm has a market capitalization of $569.03 billion, a P/E ratio of 19.61, a P/E/G ratio of 8.62 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $120.74 and its two-hundred day simple moving average is $115.29. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $135.98.

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

Exxon Mobil Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on XOM. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a research note on Monday, December 8th. Jefferies Financial Group lifted their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Piper Sandler reduced their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.84.

Check Out Our Latest Stock Report on Exxon Mobil

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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