Cedar Brook Financial Partners LLC Sells 363 Shares of Exxon Mobil Co. (NYSE:XOM)

Cedar Brook Financial Partners LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,095 shares of the oil and gas company’s stock after selling 363 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in Exxon Mobil were worth $975,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of XOM. Stone House Investment Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $25,000. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $27,000. Dark Forest Capital Management LP bought a new position in Exxon Mobil during the fourth quarter worth $27,000. Corrado Advisors LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $28,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $36,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. HSBC raised their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Piper Sandler cut their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Mizuho boosted their price target on Exxon Mobil from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. Finally, Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Exxon Mobil Stock Up 1.8 %

XOM stock opened at $118.52 on Friday. The stock’s 50 day simple moving average is $108.07 and its 200 day simple moving average is $108.40. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market cap of $474.46 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The firm had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. During the same period last year, the company posted $4.14 earnings per share. The firm’s quarterly revenue was down 28.3% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is currently 29.12%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.