Exxon Mobil Co. (NYSE:XOM) Stock Position Cut by Cim Investment Management Inc.

Cim Investment Management Inc. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,037 shares of the oil and gas company’s stock after selling 245 shares during the quarter. Cim Investment Management Inc.’s holdings in Exxon Mobil were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter valued at $39,000. POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the 2nd quarter worth about $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $0.29 during midday trading on Thursday, reaching $111.63. The company’s stock had a trading volume of 1,159,948 shares, compared to its average volume of 16,252,801. The business’s fifty day simple moving average is $119.34 and its 200-day simple moving average is $116.43. The company has a market capitalization of $490.63 billion, a P/E ratio of 13.93, a P/E/G ratio of 4.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business earned $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Exxon Mobil Company 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.