CIBC Asset Management Inc Acquires 22,977 Shares of Exxon Mobil Co. (NYSE:XOM)

CIBC Asset Management Inc boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 927,428 shares of the oil and gas company's stock after purchasing an additional 22,977 shares during the quarter. CIBC Asset Management Inc's holdings in Exxon Mobil were worth $99,763,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its holdings in shares of Exxon Mobil by 1.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 31,471 shares of the oil and gas company's stock worth $3,385,000 after buying an additional 570 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of Exxon Mobil by 2.1% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 25,020 shares of the oil and gas company's stock worth $2,691,000 after buying an additional 517 shares during the last quarter. NTV Asset Management LLC lifted its holdings in shares of Exxon Mobil by 0.9% during the fourth quarter. NTV Asset Management LLC now owns 71,740 shares of the oil and gas company's stock worth $7,717,000 after buying an additional 636 shares during the last quarter. Total Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 15.9% during the fourth quarter. Total Investment Management Inc. now owns 2,477 shares of the oil and gas company's stock worth $266,000 after buying an additional 340 shares during the last quarter. Finally, Americana Partners LLC lifted its holdings in shares of Exxon Mobil by 100.4% during the fourth quarter. Americana Partners LLC now owns 398,172 shares of the oil and gas company's stock worth $42,831,000 after buying an additional 199,496 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XOM shares. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $129.25.

Exxon Mobil Trading Down 1.2 %

Exxon Mobil stock traded down $1.33 during mid-day trading on Friday, hitting $110.67. The stock had a trading volume of 14,676,984 shares, compared to its average volume of 15,010,274. The stock has a 50-day simple moving average of $108.60 and a two-hundred day simple moving average of $114.52. The stock has a market capitalization of $486.39 billion, a PE ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. 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 (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm posted $2.48 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm 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 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

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.