Exxon Mobil Co. (NYSE:XOM) Stake Lowered by Cedar Brook Financial Partners LLC

Posted by Defense World Staff on Apr 22nd, 2023

Cedar Brook Financial Partners LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,245 shares of the oil and gas company’s stock after selling 376 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Exxon Mobil were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after buying an additional 19,230,872 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Exxon Mobil during the third quarter valued at approximately $347,253,000. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 12.3% in the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after acquiring an additional 3,094,957 shares in the last quarter. Barclays PLC increased its stake in shares of Exxon Mobil by 70.9% during the 3rd quarter. Barclays PLC now owns 6,546,333 shares of the oil and gas company’s stock worth $571,557,000 after purchasing an additional 2,716,651 shares during the last quarter. Finally, CFS Investment Advisory Services LLC raised its holdings in shares of Exxon Mobil by 8,427.5% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 1,930,117 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 1,907,483 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $116.01 on Friday. The stock’s 50 day simple moving average is $111.10 and its 200-day simple moving average is $109.61. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The stock has a market cap of $470.92 billion, a PE ratio of 8.75, a P/E/G ratio of 0.55 and a beta of 1.08. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 9.99 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is 27.45%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Barclays raised their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. HSBC upped their target price on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday. Argus boosted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Mizuho raised their target price on shares of Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $124.61.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.