Cidel Asset Management Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Cidel Asset Management Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,829 shares of the oil and gas company’s stock after buying an additional 3,108 shares during the quarter. Cidel Asset Management Inc.’s holdings in Exxon Mobil were worth $4,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Paladin Wealth LLC acquired a new stake in Exxon Mobil in the third quarter valued at about $151,000. Fiduciary Alliance LLC lifted its position in Exxon Mobil by 217.5% in the third quarter. Fiduciary Alliance LLC now owns 66,757 shares of the oil and gas company’s stock valued at $7,825,000 after purchasing an additional 45,734 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Exxon Mobil by 1.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock valued at $830,000 after acquiring an additional 126 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Exxon Mobil by 4.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 10,920 shares of the oil and gas company’s stock valued at $1,280,000 after acquiring an additional 501 shares during the period. Finally, CX Institutional lifted its position in shares of Exxon Mobil by 8.3% during the 3rd quarter. CX Institutional now owns 82,946 shares of the oil and gas company’s stock valued at $9,723,000 after acquiring an additional 6,332 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.7 %

Shares of Exxon Mobil stock opened at $111.71 on Wednesday. The company has a fifty day moving average price of $109.28 and a 200 day moving average price of $114.92. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The stock has a market cap of $490.98 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XOM shares. Scotiabank reduced their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

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.