Commerzbank Aktiengesellschaft FI Grows Position in Exxon Mobil Co. (NYSE:XOM)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 173,045 shares of the oil and gas company’s stock after buying an additional 38,088 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Exxon Mobil were worth $17,301,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XOM. International Assets Investment Management LLC raised its holdings in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares in the last quarter. FMR LLC grew its position in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Exxon Mobil during the 3rd quarter worth approximately $295,515,000. Canada Pension Plan Investment Board grew its position in Exxon Mobil by 21,620,510.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after acquiring an additional 2,162,051 shares during the last quarter. Finally, Comerica Bank bought a new position in Exxon Mobil during the 3rd quarter worth approximately $170,456,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.6 %

Shares of NYSE:XOM opened at $120.58 on Tuesday. The stock has a fifty day simple moving average of $111.89 and a two-hundred day simple moving average of $106.31. The stock has a market capitalization of $477.29 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 4.12 and a beta of 0.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the business earned $3.40 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.28.

About Exxon Mobil

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.