CIBC Private Wealth Group LLC Sells 93,621 Shares of Exxon Mobil Co. (NYSE:XOM)

CIBC Private Wealth Group LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,122,822 shares of the oil and gas company's stock after selling 93,621 shares during the period. Exxon Mobil accounts for approximately 0.8% of CIBC Private Wealth Group LLC's investment portfolio, making the stock its 23rd biggest position. CIBC Private Wealth Group LLC owned 0.09% of Exxon Mobil worth $440,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.2 %

Shares of NYSE XOM traded up $1.36 during mid-day trading on Monday, hitting $119.09. The stock had a trading volume of 21,644,704 shares, compared to its average volume of 15,729,953. The firm has a market cap of $516.73 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business has a 50 day moving average price of $110.73 and a two-hundred day moving average price of $113.74. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

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Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the business posted $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Analyst Ratings Changes

Several research firms recently commented on XOM. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday. UBS Group reduced their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $129.05.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business'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 completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company's stock.

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.