Cohen Investment Advisors LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Cohen Investment Advisors LLC reduced its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,586 shares of the oil and gas company’s stock after selling 752 shares during the period. Exxon Mobil accounts for approximately 2.4% of Cohen Investment Advisors LLC’s portfolio, making the stock its 10th largest holding. Cohen Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Exxon Mobil by 83.0% during the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after buying an additional 575,649 shares during the period. Qsemble Capital Management LP increased its position in shares of Exxon Mobil by 34.3% during the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after buying an additional 1,200 shares during the period. RNC Capital Management LLC increased its position in shares of Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after buying an additional 4,585 shares during the period. Meyer Handelman Co. increased its position in shares of Exxon Mobil by 5.9% during the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after buying an additional 21,895 shares during the period. Finally, Flputnam Investment Management Co. increased its position in shares of Exxon Mobil by 36.0% during the third quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock valued at $10,276,000 after buying an additional 23,148 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $116.24 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The stock has a 50 day moving average price of $106.11 and a two-hundred day moving average price of $105.96. The company has a market capitalization of $461.22 billion, a P/E ratio of 13.08, a PEG ratio of 4.26 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. The business’s revenue was down 11.6% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Analyst Upgrades and Downgrades

XOM has been the topic of several analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Tuesday, January 23rd. Piper Sandler cut their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. UBS Group cut their price objective on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, Mizuho boosted their price objective on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Read Our Latest Research Report on Exxon Mobil

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Profile

(Free Report)

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.

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

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